SEC v. Unisys Corporation (2024)

Settled

Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (sec-unisys-corporation-2024) by email

In October 2024 the Securities and Exchange Commission settled with Unisys over materially misleading statements about cybersecurity risks and events arising from the SolarWinds compromise discovered in December 2020, and over disclosure-controls failures. Unisys agreed to a cease-and-desist order and a $4 million penalty. The order concerns disclosure, not insider trading.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	3-22272
Date filed	2024-10-22
Date resolved	2024-10-22
Status	settled
Asset class	equities
Venue	NYSE
Criminal parallel	No
Defendants	Unisys Corporation (entity)
Cited as charged or alleged	Exchange Act s.13(a) ; Securities Act s.17(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: $4m
Disgorgement: —
Prejudgment interest: —
Total relief: $4m
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission issued this settled order on October 22, 2024 (Securities Act Release No. 11323).

The order finds the company negligently described its cyber risk and incidents and violated disclosure-controls rules, citing Sections 17(a)(2) and 17(a)(3) of the Securities Act and Section 13(a) of the Exchange Act.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

2024-10-22 Administrative proceeding instituted (cease-and-desist)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC order

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.