It seems to me that the main problem with Solar Winds was that that the financers behind Solar Winds (aka Bane Capital) was buying up security firms with the goal of creating a category killer.
Bane used this model in other industries and have creates a great deal of harm.
The industry consolidation created an environment where a failure of the "category killer" company led to a more serious data breach.
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Well, if executives are forthcoming with material details of their company to current/potential investors, then such deceit is a crime of fraud.
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