secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0001280058-24-000048
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud settles California AG probe over 2020 data breach for $6.75M
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- Final Judgment with California Attorney General resolves last U.S. state investigation into 2020 security incident.
- Blackbaud agrees to comply with data protection laws, avoid misleading statements, and enhance cybersecurity programs.
- Pays $6.75 million to California; amount fully accrued as contingent liability as of March 31, 2024.
- Denies wrongdoing; settlement terms generally consistent with prior 49-state + DC agreement from October 2023.
- Court-ordered injunctive relief includes incident response plans, information security program, and breach notification procedures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005824000048/0001280058-24-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005824000048/blkb-20240613.htm
  HTML page:      https://secwatch.observer/filing/0001280058-24-000048

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