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SOLARWINDS CORPORATION

(SWI)
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SolarWinds : December's SolarWinds breach hit dozens of U.S. attorneys' offices

07/31/2021 | 02:22pm EDT

The hackers behind last year's SolarWinds cyberattack breached emails in dozens of U.S. attorneys' offices, the U.S. Department of Justice announced.

The cyberattack breached "one or more employees'" Microsoft email accounts in 27 offices across 15 states and the District of Columbia, according to an update on the case released Friday. Hackers had access to the breached accounts from approximately May 7 to Dec. 27.

Attorneys in all four districts of New York were hardest hit, with hackers gaining access to at least 80% of those employees' accounts, the federal agency said.

The update follows a Jan. 6 statement the Justice Department issued which acknowledged the global SolarWinds incident breached the department's Microsoft emails, which "constitutes a major incident under the Federal Information Security Modernization Act."

The Justice Department became aware of the breach on Dec. 24, which involved Russian hackers, according to federal authorities, exploiting SolarWinds software to compromise up to 18,000 of its customers' accounts.

The cyberattack also affected multiple federal agencies and Fortune 500 companies.

After becoming aware of the breach, the Office of the Chief Information Officer eliminated the method of access. At that point, 3% of email accounts were impacted, and there was no indication classified systems were impacted.

President Joe Biden's administration formally named the Russian Foreign Intelligence Service as the perpetrator of the SolarWinds cyberattack in April, and issued sanctions against Russia for the hack and for meddling in the 2020 election.

On Wednesday, Biden signed a memo to increase national defenses against cyberattacks, citing separate recent ransomware attack on Colonial Pipeline that led to gas shortages in May and cyberattack on JBS Foods in the United States.

Copyright 2021 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source US Top News

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Analyst Recommendations on SOLARWINDS CORPORATION
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Financials (USD)
Sales 2021 882 M - -
Net income 2021 -16,9 M - -
Net Debt 2021 1 157 M - -
P/E ratio 2021 -169x
Yield 2021 -
Capitalization 2 840 M 2 840 M -
EV / Sales 2021 4,53x
EV / Sales 2022 5,11x
Nbr of Employees 3 443
Free-Float 23,0%
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SolarWinds Corporation Technical Analysis Chart | SWI | US83417Q2049 | MarketScreener
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Mean consensus HOLD
Number of Analysts 9
Last Close Price 17,97 $
Average target price 25,11 $
Spread / Average Target 39,7%
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Managers and Directors
Sudhakar Ramakrishna President, Chief Executive Officer & Director
James Barton Kalsu CFO, Treasurer, Chief Accounting Officer & EVP
William G. Bock Non-Executive Chairman
Douglas G. Hibberd President-Business Operations & Executive VP
Jason Wallace Bliss Secretary, Chief Administrative Officer & EVP
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