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Blackbaud To Pay SEC $3M Over Ransomware Disclosures

Law 360

Blackbaud Inc. Securities and Exchange Commission's allegations that the cloud-computing company crafted misleading disclosures about the massive ransomware attack that affected thousands of its customers in 2020, the SEC announced Thursday. has agreed to pay $3 million to resolve the U.S.

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Blackbaud Beats Health Provider's Ransomware Suit For Now

Law 360

An Indiana federal court has tossed claims brought by Trinity Health and its insurer against Blackbaud Inc. in the wake of the software company's 2020 ransomware attack, finding that the health provider failed to clearly explain how the breach led to it paying for remediation efforts.

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