The U.S. Securities and Exchange Commission has sued law firm Covington & Burling for details about nearly 300 of the firm's clients whose information was accessed or stolen by hackers in a previously undisclosed cyberattack, court documents show.
Hackers associated with the Hafnium cyber-espionage group, which has alleged ties to the Chinese government, gained access to Covington’s computer networks around November 2020, accessing private information about the firm’s clients, including 298 publicly traded companies, according to aThe agency asked a federal judge in Washington, D.C.
The law firm told the SEC it is bound by attorney-client privilege and client confidentiality to resist the portion of the subpoena requiring it to name its clients. It said only seven of the affected companies’ files contained information that could be material to investors, a figure the commission said it could not verify, according to the SEC's lawsuit.
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