Roughly two months after disclosing the SolarWinds Orion cyberattack, the IT management software company is scheduled to disclose quarterly results on February 25, and SolarWinds CEO Sudhakar Ramakrishna this week is expected to testify amid Washington, D.C., hearings about the cyberattack.
Among the information that hasn’t been publicly discussed in detail:
Cleanup Costs: How much will the cyberattack cost SolarWinds to clean up?
Revenue Impact?: Did the attack and associated SolarWinds disclosure trigger potential buyer concerns, lost revenue at the software company, or any type of revenue pressure in the SolarWinds MSP business division?
Answers to those two questions could surface during the SolarWinds Q4 2020 earnings call on February 25, MSSP Alert believes. And the overall scope and impact of the attack will surely take the spotlight during hearings in Washington, D.C.
New SolarWinds CEO Expected to Testify
Sudhakar Ramakrishna, CEO, SolarWinds
Indeed, the Senate Intelligence Committee will hold a hearing on the hack on February 23, The Hill reports. Plus, the U.S. House of Representatives’ Oversight and Homeland Security Committees will hold a joint hearing about the cyberattack on Friday, February 26, Reuters reports. Testimony from new SolarWinds CEO Sudhakar Ramakrishna is expected at both hearings, the reports say.
Ramakrishna joined the software company less than two months ago as part of a CEO transition plan that was announced in mid-2020 — before the hack was discovered in December 2020.
Ramakrishna officially started as CEO on January 4, 2021. Only a few days later, he became the public face of SolarWinds and the hack investigation. By January 8, 2021, Ramakrishna published a blog explaining the hack investigation and SolarWinds’ top three security priorities.
Customer Inquiries About the SolarWinds Hack: What Should MSPs, MSSPs Say?
No doubt, MSPs and MSSPs should expect a flood of media headlines about the SolarWinds earnings plus the hearings in Washington, D.C., this week. If customers read those headlines and raise questions, what exactly should MSPs and MSSPs say?