Paul, Weiss Files Amicus Brief on Behalf of Over 20 Former Senior Government Officials in Landmark SEC Enforcement Action Over Cybersecurity Disclosures | Paul, Weiss

On February 2, Paul, Weiss filed an amicus brief in the U.S. District Court for the Southern District of New York on behalf of over 20 of the most senior former cybersecurity government officials in the U.S. Securities and Exchange Commission’s landmark enforcement action against software company SolarWinds and its Chief Information Security Officer (CISO) Timothy Brown. The SolarWinds suit represents the first time the SEC has initiated litigation against a company for allegedly deficient cybersecurity disclosures, as well as the first time an individual CISO has been named as a defendant in an SEC action of this kind. In the brief, amici urge the court to carefully evaluate how enforcement actions such as this one may disincentivize companies from sharing critical cybersecurity information with government authorities.

Source: Paul, Weiss Files Amicus Brief on Behalf of Over 20 Former Senior Government Officials in Landmark SEC Enforcement Action Over Cybersecurity Disclosures | Paul, Weiss