secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001140361-24-005318
Event type: regulatory
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000114036124005318/0001140361-24-005318-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000114036124005318/ef20020562_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-005318

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