SolarWinds plans to invest between US$20 million and US$25 million in security-related initiatives this year following a massive cyberattack that compromised many high-profile customers.
The embattled IT infrastructure management vendor said the money will be put toward security initiatives as well as used to cover higher costs around both insurance and professional fees stemming from the breach, according to CFO Barton Kalsu. SolarWinds admitted Dec. 13 that nation-state hackers had injected malicious code into its Orion network monitoring product from March 2020 to June 2020. read more here