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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-10-16T21:16:00
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.
As part of the agreement including 49 states and the District of Columbia, Indiana will receive the largest share at $3.6 million, Indiana Attorney General Todd Rokita announced in a press release earlier this month. A settlement with the state of California is still pending, according to a public filing.
The settlement resolves allegations Blackbaud violated state consumer protection and breach notification laws and the Health Insurance Portability and Accountability Act by failing to implement reasonable data security and provide its customers with timely, complete, or accurate information regarding the breach.
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News and analysis for the well-informed compliance or audit exec.
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Subscribe now for $365
Our lowest price ($1 per day) for one year.
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2024-02-02T19:01:00Z By Jeff Dale
Software company Blackbaud will be required to delete unnecessary data and boost cybersecurity as part of a proposed settlement with the Federal Trade Commission stemming from a 2020 data breach.
2023-10-19T20:59:00Z By Adrianne Appel
The finance and real estate industries are at higher risk of experiencing a high-cost material cybersecurity incident, compared to other sectors, according to new research from risk modeling firm Kovrr based off data from U.S. Fortune 1,000 companies.
2023-10-13T18:57:00Z By Jeff Dale
The Financial Conduct Authority fined Equifax’s U.K. unit more than £11 million (U.S. $13.3 million) regarding the company’s 2017 data breach that affected approximately 13.8 million U.K. consumers.
2024-07-24T17:54:00Z By Neil Hodge
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
2024-07-15T16:45:00Z By Jeff Dale
The Treasury Department’s Financial Crimes Enforcement Network updated an alert first issued in February warning financial institutions of Israeli extremists fomenting violence in the West Bank.
2024-06-28T19:30:00Z By Jeff Dale
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
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