Photo credit: www.darkreading.com
Progress Announces SEC’s Decision on MOVEit Vulnerability Investigation
BURLINGTON, Mass., Aug. 07, 2024 (GLOBE NEWSWIRE) — Progress, a reputable provider of AI-driven infrastructure software, has released an important update regarding the investigations surrounding the MOVEit vulnerability. The Securities and Exchange Commission (SEC), through its Division of Enforcement, has completed its fact-finding investigation and has communicated to Progress that it does not plan to pursue any enforcement action against the company at this point. This announcement follows a subpoena issued to Progress on October 2, 2023, which was part of the SEC’s inquiry into the incident.
Understanding the MOVEit Vulnerability
The MOVEit vulnerability has raised considerable concerns regarding cybersecurity, prompting the SEC to seek comprehensive documentation and information from Progress. The investigation was aimed at thoroughly assessing the potential impact of the vulnerability on users and the broader implications for company operations and investor confidence.
Company’s Commitment to Security
Progress remains committed to providing secure and reliable software solutions, reinforcing its dedication to handling customer data with the utmost care and responsibility. The resolution of this inquiry without enforcement actions marks a positive step for Progress, allowing the company to continue its focus on innovation and customer service.
About Progress
Progress empowers organizations to navigate transformative changes in technology and market demands. The company’s software supports the development, deployment, and management of responsible AI-enhanced applications, allowing businesses to operate with agility and efficiency. With a robust client base of over 4 million developers and technologists across numerous enterprises, Progress positions itself as a trusted partner in their technological endeavors.
For more information on Progress and its offerings, visit www.progress.com.
Progress and Progress Software are either trademarks or registered trademarks of Progress Software Corporation and its subsidiaries in the U.S. and other regions. Any other brands mentioned are the property of their respective owners.
Source
www.darkreading.com