FTC Finalizes Order With Blackbaud Related To Allegations The Firm's Security Failures Led To Data Breach
Portfolio Pulse from Benzinga Newsdesk
The FTC has finalized an order against Blackbaud Inc. for security failures that led to a data breach, requiring the company to implement a comprehensive information security program and notify the FTC of future breaches.
May 20, 2024 | 3:08 pm
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The FTC has finalized an order against Blackbaud Inc. for security failures that led to a data breach. Blackbaud must now implement a comprehensive information security program and notify the FTC of future breaches.
The finalized FTC order against Blackbaud Inc. highlights significant security failures and mandates the company to improve its security measures. This regulatory action is likely to negatively impact investor sentiment and the stock price in the short term.
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