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SEC charges four companies with misleading cyber disclosures

(www.sec.gov)
81 points impish9208 | 1 comments | 22 Oct 24 16:56 UTC | HN request time: 0.206s | source
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MattSteelblade ◴[22 Oct 24 18:14 UTC] No.41917058[source]▶
> Unisys will pay a $4 million civil penalty;

> Avaya. will pay a $1 million civil penalty;

> Check Point will pay a $995,000 civil penalty; and

> Mimecast will pay a $990,000 civil penalty.

With the exception of Mimecast, these are companies that are bringing in billions of dollars in revenue annually. How is this supposed to deter them?

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1. ensignavenger ◴[22 Oct 24 18:24 UTC] No.41917164[source]▶
Unisys and Avaya are both reporting losses. This fine makes it even more of a loss. Further, if they don't mend their ways, the SEC will give them an even bigger fine.