Colorado Politics

SolarWinds breach could leave Colorado firms vulnerable

Colorado investment advisers are being warned by the state’s Division of Securities to watch out for potential data breaches from the SolarWinds Orion software after a large-scale breach of software company’s data last month.

The Division, part of the state’s Department of Regulatory Affairs, sent the advisory Thursday morning.

No data was immediately available about Colorado companies or advisers being hacked because of the SolarWinds breach.

“We sent this alert out because this is really big hack of SolarWinds and IT administrators at a lot of firms should be aware,” said Tung Chan, Colorado’s commissioner of securities.

SolarWinds Orion software is used by many Fortune 500 companies, every branch of the U.S. military, large U.S. telecommunications companies, and many other government branches such as the Department of Justice and National Security Agency.

“Malicious actors are exploiting SolarWinds Orion products containing SUNBURST malware to gain access to network traffic management systems,” the FBI said.

Malware attacks are when a victim’s computer data is taken over by hackers, “including achieving full privileged persistent access through trusted legitimate credentials, accounts, and applications,” the FBI said.

Chan said Colorado securities firms are required to have cybersecurity plans and policies in place.

“We are all online more, using the internet more with all this remote working,” Chan said. “It’s a bigger issue than just one industry like securities.”

The state release provided links to the FBI’s advisory on the SolarWinds hack with guidance on addressing it, as well as an information link from SolarWinds.

“Any firm with known malicious versions of the SolarWinds Orion software should contact its primary regulator,” the release said.

State-registered investment advisers and intrastate broker dealers in Colorado should contact the division at 303-894-2320 or email at dora_SecuritiesWebsite@state.co.us.

POV cyber hacker attacks
LagartoFilm, iStock photo
Tags

PREV

PREVIOUS

Governor Citizenship Medal: VF Corporation and VF Foundation help Coloradans enjoy the outdoors

Nature and the great outdoors are very important to the Denver-based VF Corporation. Along with manufacturing popular outdoor clothing brands like The North Face, Timberland and Altra, the company has donated $4.5 million to 65 nonprofit organizations across Colorado to promote access to the outdoors and even give underprivileged children the chance to go skiing […]

NEXT

NEXT UP

Senate wraps up day two of 2021 session, with focus on per diem and business deductions

On day two of a planned three-day beginning to the 2021 General Assembly, the Senate quickly moved through final votes on their three bills – passing all on a 34-0 vote and sending them to the House – as well as working on the four House bills sent over Thursday morning. They also dealt with […]


Welcome Back.

Streak: 9 days i

Stories you've missed since your last login:

Stories you've saved for later:

Recommended stories based on your interests:

Edit my interests