SEC Takes No Action on Progress Software for MOVEit Transfer Case

August 9, 2024 | The SEC has decided not to recommend enforcement action against Progress Software for the MOVEit Transfer vulnerability that affected 95 million people. The decision follows Progress’s cooperation and timely disclosure of the breach, which was exploited by the Clop ransomware gang in May 2023. The SEC’s decision signals a focus on companies’ proactive measures rather than punitive actions in cases of zero-day exploits.

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