Analyst Note| Mark Cash |
A host of U.S. companies and government agencies were recently breached in perhaps the most sophisticated cyberattack ever executed. Victims include the U.S. Dept. of Defense, State, Homeland Security, and Treasury, and private companies like Microsoft. Hackers were able to inject malicious code and compromise IT management software provided by SolarWinds between March and June 2020, creating a backdoor for malicious actors to spy on networks and pilfer data.