Software firm Blackbaud settles charges for misleading disclosures on ransomware attack -SEC

The U.S. Securities and Exchange Commission said on Thursday that software company Blackbaud Inc agreed to pay $3 million to settle charges for making misleading disclosures about a 2020 ransomware attack that impacted over 13,000 customers.

"Without admitting or denying the SEC’s findings, Blackbaud agreed to cease and desist from committing violations of these provisions and to pay a $3 million civil penalty," the SEC said in a statement.