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SEC is Not Accepting Half-Truths!
The SEC has fined four major companies for materially misleading investors regarding cyberattacks.
Regulatory actions have been brought against Unisys, Avaya, Check Point, and Mimecast for their purposeful decisions to not clearly inform customers and shareholders of the attacks and breaches.
Security must be seen as a center of trust.
SEC Press Release: https://www.sec.gov/newsroom/press-releases/2024-174