Bulletin: Breach Tied To SolarWinds Holdings Inc.'s Software Update - S&P Global Ratings’ Credit Research

Bulletin: Breach Tied To SolarWinds Holdings Inc.'s Software Update

Bulletin: Breach Tied To SolarWinds Holdings Inc.'s Software Update - S&P Global Ratings’ Credit Research
Bulletin: Breach Tied To SolarWinds Holdings Inc.'s Software Update
Published Dec 14, 2020
2 pages (1124 words) — Published Dec 14, 2020
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Abstract:

SAN FRANCISCO (S&P Global Ratings) Dec. 14, 2020--SolarWinds Holdings Inc. filed an 8-K report today in which it said it was made aware of a cyberattack that inserted a vulnerability into its Orion monitoring products, which could allow an attacker to compromise the server on which Orion products run. SolarWinds said the vulnerability was inserted in updates released between March and June 2020. Orion products represent 45% of its total revenues. Of the more than 300,000 SolarWinds customers, 33,000 are active maintenance customers of Orion. The company estimates fewer than 18,000 customers installed the version of Orion that contains the vulnerability. SolarWinds made a hotfix available on its website to address the vulnerability. SolarWinds is also preparing a second hotfix

  
Brief Excerpt:

...December 14, 2020 SAN FRANCISCO (S&P Global Ratings) Dec. 14, 2020--SolarWinds Holdings Inc. filed an 8-K report today in which it said it was made aware of a cyberattack that inserted a vulnerability into its Orion monitoring products, which could allow an attacker to compromise the server on which Orion products run. SolarWinds said the vulnerability was inserted in updates released between March and June 2020. Orion products represent 45% of its total revenues. Of the more than 300,000 SolarWinds customers, 33,000 are active maintenance customers of Orion. The company estimates fewer than 18,000 customers installed the version of Orion that contains the vulnerability. SolarWinds made a hotfix available on its website to address the vulnerability. SolarWinds is also preparing a second hotfix update by Dec. 15. While there are certainly alternatives to SolarWinds' solution, we expect customers will use the patch and continue using the SolarWinds product. At this point, it is too early...

  
Report Type:

Bulletin

Ticker
SWIHOL
Issuer
GICS
Systems Software (45103020)
Sector
Global Issuers
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Breach Tied To SolarWinds Holdings Inc.'s Software Update" Dec 14, 2020. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Breach-Tied-To-SolarWinds-Holdings-Inc-s-Software-Update-2570550>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Breach Tied To SolarWinds Holdings Inc.'s Software Update Dec 14, 2020. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Breach-Tied-To-SolarWinds-Holdings-Inc-s-Software-Update-2570550>
  
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