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19 May 2024, 4:28 pm by Class Action Defense
Crowther Duane Morris Takeaways: In a data breach lawsuit entitled In Re Blackbaud, Inc., Customer Data Breach Litigation, MDL No.2972, Case No. 3:20-MN-02972, 2024 WL 2155221 (D.S.C. [read post]
13 Feb 2024, 6:00 am by David Kessler (US) and Susan Ross (US)
  Less than two weeks later, on February 1, the FTC announced a complaint and proposed consent order with software licensor and data provider Blackbaud, Inc. [read post]
2 Jan 2024, 12:56 pm by Kevin LaCroix
The directors’ and officers’ liability environment is always changing, but 2023 was a particularly eventful year, with important consequences for the D&O insurance marketplace. [read post]
15 Nov 2023, 6:26 am by jeffreynewmanadmin
The Securities and Exchange Commission filed 784 total enforcement actions in fiscal year 2023, a 3 percent increase over fiscal year 2022, including 501 original, or “stand-alone,” enforcement actions, an 8 percent increase over the prior fiscal year. [read post]
14 Nov 2023, 9:01 pm by renholding
The Securities and Exchange Commission announced that it filed 784 total enforcement actions in fiscal year 2023, a 3 percent increase over fiscal year 2022, including 501 original, or “stand-alone,” enforcement actions, an 8 percent increase over the prior fiscal year. [read post]
12 Nov 2023, 9:01 pm by renholding
On October 30, 2023, the SEC filed a litigated complaint against SolarWinds, a software development company, and Timothy Brown, its chief information security officer (CISO). [read post]
25 Oct 2023, 6:00 am by Paul L. Singer
We posted just last week about the Blackbaud multistate settlement, and as we have discussed, health privacy remains a hot topic and is already back in the news. [read post]
19 Oct 2023, 8:51 am by Sophie Luskin
For example, in March, Blackbaud Inc., a company that provides donor data management software to non-profit organizations, agreed to pay the SEC $3 million to settle charges for “making misleading disclosures about a 2020 ransomware attack that impacted more than 13,000 customers. [read post]
26 Mar 2023, 9:01 pm by renholding
On March 9, 2023, the Securities and Exchange Commission (the “SEC”) Enforcement Division’s Crypto Assets and Cyber Unit announced a settlement with Blackbaud, Inc. involving allegations of inadequate disclosure controls and procedures and material misstatements and omissions concerning a 2020 cybersecurity incident. [read post]
15 Mar 2023, 12:32 pm by Kevin LaCroix
On March 9, 2023, the SEC announced that it had settled charges that data management software company Blackbaud, Inc. had settled charges that the company’s cybersecurity disclosure policies and procedures violated the agency’s public company disclosure reporting requirements and that the company had made misleading disclosures about a 2020 ransomware attack that impacted more that 13,000 of its customers. [read post]
9 Mar 2023, 1:46 pm by jeffreynewmanadmin
The Securities and Exchange Commission today announced that Blackbaud Inc., a public company that provides donor data management software to non-profit organizations, agreed to pay $3 million to settle charges for making misleading disclosures about a 2020 ransomware attack that impacted more than 13,000 customers. [read post]
9 Mar 2023, 1:40 pm by Mark Astarita
The Securities and Exchange Commission today announced that Blackbaud Inc., a South Carolina-based public company that provides donor data management software to non-profit organizations, agreed to pay $3 million to settle charges for making misleading…Read the Full Press ReleaseHave a securities law question? [read post]
17 Aug 2021, 10:23 am by Rebecca Tushnet
In re Blackbaud, Inc., Customer Data Breach Litig., No. 3:20-mn-02972-JMC, MDL No. 2972, 2021 WL 3568394 (D.S.C. [read post]
16 Aug 2021, 8:05 am by Eric Goldman
Case citation: In re Blackbaud, Inc., Customer Data Breach MDL Litigation, 2021 U.S. [read post]
9 Jul 2020, 7:24 am by Kristian Soltes
Technology giants like Amazon.com Inc. and Google parent Alphabet Inc. are also increasingly offering financial services. [read post]