---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-23-000040"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T03:47:50.414216+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Blackbaud settles 2020 cyber incident with 49 states & DC for $49.5M

## Summary
- Settlement with 49 state AGs and DC resolves multi-state investigation of 2020 data breach that exposed over 1M files across 13,000 customers.
- Blackbaud pays $49.5M in Oct 2023; amount fully accrued as of June 30, 2023, no impact on 2023 guidance.
- Company must comply with consumer protection laws, HIPAA, and enhance cybersecurity programs; no admission of liability.
- California AG investigation remains unresolved; company says no assurance of acceptable terms.
- Settlement does not affect previously provided 2023 financial guidance.

## SEC filing metadata
- accession: 0001280058-23-000040
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005823000040/0001280058-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005823000040/blkb-20231005.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-23-000040
- JSON: https://secwatch.observer/filing/0001280058-23-000040.json
- Plain text: https://secwatch.observer/filing/0001280058-23-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.