SEC Suit Ushers in New Era of Cyber Enforcement

The SEC’s lawsuit against SolarWinds, accused of misleading cybersecurity disclosures, marks a historic shift in cybersecurity regulation. Public companies and government contractors are now entering an era of stringent accountability and expectations for meeting cybersecurity standards. Failure to do so could result in legal and financial consequences. Essential to this is the role of Chief Information Security Officers, who carry the responsibility of ensuring their company meets these standards, comparable to the role of Chief Financial Officers.