SWI - SolarWinds stock -15% momentum dashed by Russian Hack: At the Open

SolarWinds ([[SWI]], -15.5%) shares are slumping premarket after a cyberattack of U.S. government facilities and a government directive to power down its Orion platform.Suspected Russian hackers broke into networks of federal agencies, starting with the Treasury Department and the Commerce Department.The Cybersecurity and Infrastructure Security Agency issued an emergency directive yesterday evening calling on all federal civilian agencies to “disconnect or power down SolarWinds Orion products immediately.”“The compromise of SolarWinds’ Orion Network Management Products poses unacceptable risks to the security of federal networks,” CISA Acting Director Brandon Wales said.“We are aware of a potential vulnerability which if present is currently believed to be related to updates which were released between March and June 2020 to our Orion monitoring products,” SolarWinds CEO Kevin Thompson said in a statement yesterday. “We believe that this vulnerability is the result of a highly sophisticated, targeted and manual supply chain attack by a nation state. We

For further details see:

SolarWinds stock -15% momentum dashed by Russian Hack: At the Open