More Revelations On SolarWinds Hack - SolarWinds (NYSE:SWI)

The suspected Russian hackers who misused SolarWinds Corp SWI and Microsoft Corp MSFT software to dent into U.S. federal agencies surfaced with information about counter-intelligence investigations, policy on sanctioning Russian individuals, and the country’s response to COVID-19, Reuters reports.
Related Content: SolarWinds Hackers Breached Homeland Security Officials Emails: Report
The reluctance of some publicly traded companies to explain their exposure has provoked a broad SEC inquiry.
Microsoft said the Russian spies were ultimately looking for government material on sanctions and other Russia-related policies, along with U.S. methods for catching Russian hackers based on the types of customers and accounts targeted.
The U.S. Department of Justice will launch civil legal action against federal contractors if they fail to report cyberattacks or data breaches.
Others who worked on the government’s investigation saw terms that the Russians used in their searches of U.S. digital files, including “sanctions.”
The initiative will hold entities like federal contractors or individuals accountable for putting U.S. cyberinfrastructure at risk by deliberately providing flawed cybersecurity products or services.
Price Action: SWI shares closed higher by 0.88% at $18.35 on Thursday.