4 major companies charged by SEC for misleading disclosures on SolarWinds hack impact.

The SEC has charged Unisys Corp., Avaya Holdings, Check Point Software Technologies, and Mimecast for making misleading disclosures regarding the SolarWinds hack's impact on their businesses. The companies allegedly downplayed the severity of their breaches, potentially misleading investors. They will collectively pay nearly $7 million in penalties, with Unisys facing the largest fine of $4 million. None of the firms admitted wrongdoing but agreed to improve cybersecurity practices.