Blackbaud Comments on FTC Settlement, Continues to Strengthen Cybersecurity
By Josh Beckerman
Software company Blackbaud said it is "pleased to resolve" a Federal Trade Commission investigation related to a 2020 ransomware attack and said it continues strengthen its cybersecurity and compliance programs.
Blackbaud said Friday that it has neither admitted nor denied any of the FTC's allegations. The company said it hasn't been fined by the FTC and isn't otherwise required to make any payment as part of the settlement.
The FTC, which announced the settlement Thursday, alleged that "lax security allowed a hacker to breach the company's network" and access personal data.
Blackbaud, which focuses on nonprofit and education sectors, previously reached settlements with the Securities and Exchange Commission and with 49 states and the District of Columbia.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
February 02, 2024 13:23 ET (18:23 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks