Blackbaud penalized $3M for not disclosing the full scope of ransomware attack

Software firm Blackbaud has agreed to pay a $3 million penalty for failing to disclose the full scope of the ransomware attack it suffered in 2020, according to the US Securities and Exchange Commission (SEC).

South Carolina headquartered Blackbaud provides donor relationship management software to various non-profit organizations, including charities, higher education institutions, K-12 schools, healthcare organizations, religious organizations, and cultural organizations.

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