SEC Charges Unisys, Avaya, Check Point, And Mimecast For Misleading Cybersecurity Disclosures; Unisys Faces Additional Controls Violations Charge; Companies To Pay Civil Penalties Of $4M, $1M, $995K, And $990K Respectively
Portfolio Pulse from Benzinga Newsdesk
The SEC has charged Unisys, Avaya, Check Point, and Mimecast for misleading cybersecurity disclosures. Unisys also faces additional charges for controls violations. The companies will pay civil penalties of $4M, $1M, $995K, and $990K respectively.
October 22, 2024 | 1:23 pm
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NEGATIVE IMPACT
Avaya is charged by the SEC for misleading cybersecurity disclosures, resulting in a $1M penalty.
Avaya's $1M penalty for misleading cybersecurity disclosures could lead to negative sentiment among investors, potentially affecting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Check Point is charged by the SEC for misleading cybersecurity disclosures, resulting in a $995K penalty.
The SEC's charges and the $995K penalty for misleading disclosures could negatively impact Check Point's stock price due to potential investor concerns.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Mimecast is charged by the SEC for misleading cybersecurity disclosures, resulting in a $990K penalty.
The $990K penalty for misleading cybersecurity disclosures could lead to a negative short-term impact on Mimecast's stock price due to investor concerns.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Unisys is charged by the SEC for misleading cybersecurity disclosures and additional controls violations, resulting in a $4M penalty.
The SEC's charges against Unisys for misleading disclosures and controls violations are significant, leading to a $4M penalty. This could negatively impact investor confidence and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100