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The billion dollar question: do we think SEC filing disclosures are about to get a bit more interesting to read? Or is the standard boiler plate "we might get hacked, our controls may not be sufficient" going to remain?



According to wikipedia SolarWinds suffered one of the largest cyberattacks against a company in history - one that also directly affected thousands of consumer devices (not just a company backend). This might be a unique consequence of a unique situation. But who knows.

> In February 2021, Microsoft President Brad Smith said that it was "the largest and most sophisticated attack the world has ever seen".

https://en.wikipedia.org/wiki/2020_United_States_federal_gov...


Brad Smith (https://news.microsoft.com/exec/brad-smith/) is a PR person at Microsoft. His role is to make loud statements on matters he has no knowledge of or qualifications to talk about.


I don't see this going in any direction other than a boilerplate that will become something that is ignored.

> SolarWinds and Brown defrauded investors by overstating SolarWinds' cybersecurity practices and understating or failing to disclose known risks.

In a nutshell, couldn't they say that in some way about any security software company?


The new 8-ks are already a response to this...




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