Latest news with #AJVicens
Yahoo
4 hours ago
- Business
- Yahoo
US SEC, SolarWinds reach preliminary deal to end breach lawsuit
By Chris Prentice and AJ Vicens NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has reached a deal in principle with SolarWinds Corp and its top security officer to end litigation tied to a Russia-linked cyberattack involving the software firm, they said in a court filing on Wednesday. The SEC, SolarWinds and its chief information security officer, Timothy Brown, asked a federal judge on Wednesday to stay court proceedings while they finalize paperwork for a settlement. The judge granted their motion, filings showed. In what was seen as a landmark case, the SEC sued the software company and its top security executive in connection with a two-year cyberattack known as Sunburst that targeted Austin, Texas-based SolarWinds. A judge dismissed much of the regulator's case last year. The SEC had said that the defendants defrauded investors by concealing security weaknesses, but U.S. District Judge Paul Engelmayer, who approved the stay, had said that the claims were based on "hindsight and speculation." An SEC spokesperson declined to comment on the matter beyond the public filings. SolarWinds did not immediately respond to requests for comment. The parties said they planned to file settlement paperwork or a joint status report by September 12. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Business
- Yahoo
US SEC, SolarWinds reach preliminary deal to end breach lawsuit
By Chris Prentice and AJ Vicens NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has reached a deal in principle with SolarWinds Corp and its top security officer to end litigation tied to a Russia-linked cyberattack involving the software firm, they said in a court filing on Wednesday. The SEC, SolarWinds and its chief information security officer, Timothy Brown, asked a federal judge on Wednesday to stay court proceedings while they finalize paperwork for a settlement. The judge granted their motion, filings showed. In what was seen as a landmark case, the SEC sued the software company and its top security executive in connection with a two-year cyberattack known as Sunburst that targeted Austin, Texas-based SolarWinds. A judge dismissed much of the regulator's case last year. The SEC had said that the defendants defrauded investors by concealing security weaknesses, but U.S. District Judge Paul Engelmayer, who approved the stay, had said that the claims were based on "hindsight and speculation." An SEC spokesperson declined to comment on the matter beyond the public filings. SolarWinds did not immediately respond to requests for comment. The parties said they planned to file settlement paperwork or a joint status report by September 12.
Yahoo
6 days ago
- Health
- Yahoo
UK health officials say patient's death partially down to cyberattack
(Fixes typo in headline) By Raphael Satter and AJ Vicens WASHINGTON (Reuters) -A cyberattack last year against British diagnostic services provider Synnovis contributed to the death of a London hospital patient, British health officials said, providing one of the first confirmations of a death tied to hacking activity. The patient at King's College Hospital in south London died in part because the hack caused a "long wait" for blood test results as well as other factors, the hospital's managing body said on Wednesday, without identifying what they were. The hospital said the patient's family had been informed but did not provide other details. Synnovis' CEO Mark Dollar said in a statement Wednesday: "We are deeply saddened to hear that last year's criminal cyberattack has been identified as one of the contributing factors that led to this patient's death." In the June 2024 hack - attributed to the Qilin ransomware gang - media reports said attackers demanded $50 million from Synnovis for its data. The company did not pay, and the stolen data was later published on the dark web, reports said. The attack disrupted the U.K. healthcare network, and snarled operations at some of London's busiest hospitals. In January Synnovis said the hack led to more than 32 million pounds ($43 million) in costs. Medical services providers have been hard hit by ransomware as hackers suspect they will pay quickly to avoid interruptions to healthcare. Deaths have been tied to past ransomware incidents, including a baby in Alabama in 2019 and a 78-year-old woman in Germany in 2020, although direct causation can be difficult to establish. The Qilin hackers did not respond to a request for comment on the death. News of the U.K. death was first reported by British healthcare publication HSJ. ($1 = 0.7323 pounds)
Yahoo
09-06-2025
- Business
- Yahoo
Whole Foods supplier United Natural Foods says cyber incident disrupted operations
By AJ Vicens (Reuters) -United Natural Foods Inc one of the largest U.S. grocery distributors whose clients include Whole Foods, took certain systems offline in recent days after the discovery of unauthorized activity on internal networks, the company said on Monday. A Whole Foods spokesperson told Reuters in an email on Monday that the company was 'working to restock our shelves as quickly as possible' and referred additional questions back to United Natural. Shares of United Natural fell more than 8% during Monday's session and closed down by almost 7% at $25.94. United Natural, based in Rhode Island, said in a June 9 filing with the Securities and Exchange Commission that it 'proactively' took some systems offline after becoming aware June 5 of unauthorized activity on certain networks. The company said the incident temporarily hurt its "ability to fulfill and distribute customer orders.' It added that the incident "is expected to continue to cause temporary disruptions" to its operations. There have been a spate of cyber incidents affecting major retailers in the UK and the U.S. recently, including Marks & Spencer, Co-op, Harrods and Victoria's Secret. United Natural did not specify the "unauthorized activity." In the past, disruptions that caused companies to take actions similar to those it described have often been linked to ransomware incidents, where extortion-minded cybercriminals disable a firm's computers by encrypting them, promising to release the decryption key only in exchange for massive cryptocurrency payments. United Natural Foods is the largest publicly traded wholesale distributor of 'healthier food options' in the U.S. and Canada, according to its website. In May 2024 the company announced an eight-year extension to serve as primary distributor for Amazon-owned Whole Foods. The FBI did not immediately respond to a request for comment. United Natural Foods reported $8.2 billion in net sales in the 13-week period ending February 1, 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Whole Foods supplier United Natural Foods says cyber incident disrupted operations
By AJ Vicens (Reuters) -United Natural Foods Inc one of the largest U.S. grocery distributors whose clients include Whole Foods, took certain systems offline in recent days after the discovery of unauthorized activity on internal networks, the company said on Monday. A Whole Foods spokesperson told Reuters in an email on Monday that the company was 'working to restock our shelves as quickly as possible' and referred additional questions back to United Natural. Shares of United Natural fell more than 8% during Monday's session and closed down by almost 7% at $25.94. United Natural, based in Rhode Island, said in a June 9 filing with the Securities and Exchange Commission that it 'proactively' took some systems offline after becoming aware June 5 of unauthorized activity on certain networks. The company said the incident temporarily hurt its "ability to fulfill and distribute customer orders.' It added that the incident "is expected to continue to cause temporary disruptions" to its operations. There have been a spate of cyber incidents affecting major retailers in the UK and the U.S. recently, including Marks & Spencer, Co-op, Harrods and Victoria's Secret. United Natural did not specify the "unauthorized activity." In the past, disruptions that caused companies to take actions similar to those it described have often been linked to ransomware incidents, where extortion-minded cybercriminals disable a firm's computers by encrypting them, promising to release the decryption key only in exchange for massive cryptocurrency payments. United Natural Foods is the largest publicly traded wholesale distributor of 'healthier food options' in the U.S. and Canada, according to its website. In May 2024 the company announced an eight-year extension to serve as primary distributor for Amazon-owned Whole Foods. The FBI did not immediately respond to a request for comment. United Natural Foods reported $8.2 billion in net sales in the 13-week period ending February 1, 2025.
