U.S. FTC Says It Requires Blackbaud To Delete Unnecessary Data, Boost Safeguards To Settle Charges Related To Data Breach
Portfolio Pulse from Benzinga Newsdesk
The U.S. Federal Trade Commission (FTC) has mandated Blackbaud to delete unnecessary data and enhance its data protection measures as a settlement for charges related to a data breach, according to Reuters.
February 01, 2024 | 7:10 pm
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Blackbaud is required by the FTC to delete unnecessary data and strengthen its data security protocols due to a settlement over a data breach.
The FTC's mandate for Blackbaud to delete unnecessary data and improve data safeguards directly impacts the company's operations and could lead to increased operational costs. This regulatory action, stemming from a data breach, could negatively affect investor confidence and the company's reputation, potentially leading to a short-term decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
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