Posted on 12/17/2020 4:16:27 PM PST by blueplum
SolarWinds’ longtime CEO, Kevin Thompson, had months earlier indicated that he would be leaving at the end of the year as the company explored spinning off one of its divisions. The SolarWinds board appointed his replacement, current PulseSecure CEO Sudhakar Ramakrishna, on Dec. 7, according to a financial filing, a day before FireEye first publicly revealed the hack on its own system and two days before the change of CEOs was announced.
It was also on Dec. 7 that the company’s two biggest investors, Silver Lake and Thoma Bravo, which control a majority stake in the publicly traded company, sold more than $280 million in stock to a Canadian public pension fund. The two private equity firms in a joint statement said they “were not aware of this potential cyberattack” at the time they sold the stock. FireEye disclosed the next day that it had been breached.
The hacking operation began at least as early as March ...
(Excerpt) Read more at apnews.com ...
The breach at Solarwinds happened in March 2020
The software is designed to go to sleep and then wake up every 2-4 weeks.
Lets see if MS and Apple have removed this from their OS updates.
So far it looks good
Little known?? Everyone in the industry knows who they are.
What has been described so far is yet another instance of a sophisticated Advanced Persistent Threat (APT) attack which has been happening for at least a decade and notably by the Chinese PLA and its proxies.
APT is very well known in the computer security world, and most think "China PLA" when the term is used. It's very well documented, even this year and last but going back for some time.
But this is a very different matter from the financial and ownership evolution of Solarwinds, which was almost a solo operation 20 years ago, to its more recent revolving ownership by VCs and hedge funds and large investors. That's usually a downhill slide on the technical side, but not always.
AP calls this scrutinty? The only way this could happen is an Inside Job as everything is getting breached one time or another just to see who knows what blah blah blah, and nothing ever gets “fixed” . but another war very few want is this way blowing.
Absolutely. Starting with Network Tools 20+ years ago. Essential part of the everyday system toolkit.
Incorrect. Inside error perhaps. But not "inside job." In fact that's only a minor possibility.
SolarWinds. Like here on earth? Would that be giant windmills with solar panels on them? Asking for a friend. Oh, different solar wind. Never mind.
Little known? The media truly are asses.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.