Blackbaud avoids fine in FTC deal requiring data deletion
By 
Jeff Dale2024-02-02T19:01:00
Software company Blackbaud will be required to delete unnecessary data and boost cybersecurity as part of a proposed settlement with the Federal Trade Commission (FTC) stemming from a 2020 data breach.
The company’s poor data security allowed cybercriminals to steal sensitive data, including Social Security and bank account numbers, the FTC said in a press release Thursday.
In October, Blackbaud agreed to pay $49.5 million in a multistate settlement stemming from the data breach, about which the company allegedly failed to notify customers for two months. The company avoided further monetary penalties in reaching a settlement with the FTC but must abide by certain compliance undertakings as part of a proposed order.
Related articles
-
News BriefAvast to pay $16.5M in FTC case over deceptive data selling
The Federal Trade Commission proposed Avast pay $16.5 million and be prohibited from selling any browser data to settle charges the software provider sold consumer information to third parties after promising it would not.
-
News BriefN.Y. sues Citi for lax data security, failing to reimburse fraud victims
Citibank faces a lawsuit from New York Attorney General Letitia James for allegedly failing to protect and reimburse customers who lost thousands of dollars in fraudulent wire transfers.
-
News BriefBlackbaud settles with states for $49.5M over 2020 data breach
Software company Blackbaud agreed to pay $49.5 million in a multistate settlement addressing charges related to a 2020 cyberattack that exposed the personal data of approximately 13,000 consumers.
More from Regulatory Enforcement
-
Basic Page‘Extraordinary cooperation’ pays off for PFS Investments
As regulators shift toward rewarding transparency, self-regulation and self-reporting, the way PFS Investments handled a longstanding problem serves as an example of how proactive remediation can turn a costly compliance error into a manageable regulatory outcome.
-
ArticleDOJ charges Texas businessmen in alleged bribery scheme over PEMEX oil contracts
The Department of Justice says two Mexican businessmen living in Texas allegedly bribed Mexican officials to secure $2.5 million in contracts with Petróleos Mexicanos, Mexico’s state-owned oil company, and a subsidiary.
-
ArticleMatch.com agrees to pay $14 million in FTC settlement over subscription practices
Match.com, the online dating site, will pay $14 million and make changes to its membership terms to settle allegations that it made cancellations difficult and made misrepresentations to members, the Federal Trade Commission said Tuesday.