VMware Shares Fall: Reports About Its Software Led to SolarWinds Breach

Image Source: Launch Consulting Group
Image Source: Launch Consulting Group

VMware, Inc. a reputable Palo Alto based company that provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces in the United States and internationally, dropped by 5.4% after an article from a cybersecurity expert stating the vulnerabilities in the products were responsible for the SolarWinds data breach.

U.S. National Security Agency was responsible for the discovery of a flaw that VMware’s products reportedly have and Brian Krebs outlined the flaw in an article on Friday, pointing out that their are vulnerabilities in VMware Access and VMware Identity Manager product lineup.

VMware’s response was surprising. They claim that they had received no notifications or indication that its products were used “in conjunction with the SolarWinds supply chain compromise.

The company further clarified in a statement that, “While we have identified limited instances of the vulnerable SolarWinds Orion software in our own internal environment, our own internal investigation has not revealed any indication of exploitation,

Countless number of investigations are in progress to identify the extent of a cyber attack that may make its way into the new administration in no time.

In the meantime, NYSE/NASDAQ sees a slight decline in 2020 (5.9%) in the VMware shares, majority of which are owned by Dell Technologies Inc., declined to a dollar value of $140.14 upon market closing on Friday.