Blackbaud settles FTC investigation into 2020 security incident; no fine required

BLACKBAUD INC

Settlement with FTC fully resolves 2020 security incident investigation; no fine or payment required.
Blackbaud neither admits nor denies FTC allegations; agreed to conditions including data deletion and security program.
FTC order mandates comprehensive information security program, third-party assessments, and data retention schedule.
Company also must implement multi-factor authentication, encrypt sensitive data, and conduct penetration testing.

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