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Blackbaud Fined $3M For ‘Misleading Disclosures’ About 2020 Ransomware Attack “Unlock the Secret of Success: Discover the Proven Strategies to Achieve Your Goals”

Cloud computing vendor Blackbaud has been slapped with a $3 million civil penalty by the Securities and Exchange Commission (SEC) for making misleading disclosures about a 2020 ransomware attack that impacted more than 13,000 customers. The SEC found that Blackbaud was not forthcoming about the extent of the data-extortion malware attack and left out material…