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Progress Software facing dozens of class action lawsuits, SEC investigation following MOVEit vulnerability
Oct. 12, 2023, 7:15 p.m. |
The Record by Recorded Future therecord.media
The company behind a popular file transfer tool is facing dozens of lawsuits and investigations by several U.S. agencies following the exploitation of a critical vulnerability in May. Progress Software – the company that owns the MOVEit file transfer tool – reported its quarterly earnings this week and provided a detailed breakdown of the costs
action class class action critical critical vulnerability cybercrime earnings exploitation facing file file transfer government industry investigation investigations lawsuits may moveit moveit vulnerability popular progress progress software quarterly sec software the company tool transfer vulnerability week
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