16 months ago we told you that SolarWinds (ticker: SWI) would not recover from the cyberattack levied against it that allowed cybercriminals to use infected SolarWinds software to view the source code of hundreds if not thousands of SolarWinds’ corporate customers. SWI shares have yet to recover from what was at the time (December 18th 2020), the stock’s post-cyberattack low.
More importantly, the fallout from that attack is just beginning as cybercriminals have had over a year to evaluate snapshots of source code from various companies including Microsoft (ticker: MSFT) on the high-end to SMB companies on the low-end.
It would stand to reason that cyber criminals who will leverage this information range from state actors to private cyber criminal groups. We would never trust SolarWinds as a company after the way in which it obfuscated information flow related to the 2020 attack. The fact that SWI has customers is a minor miracle. Related media is below.
- Is There Another Leg To Drop In The SolarWinds Cyberbreach?
- SolarWinds Is One of Many Cyberbreaches to Come
- A Better Tripwire Is Not The Answer