Defendant Name:
Blackbaud, Inc.
Defendant Type:
Public Company
SIC Code:
7372
CUSIP:
09227Q10
Document Reference:
33-11165
Document Details
Legal Case Name
In the Matter of Blackbaud, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
09-Mar-2023
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On March 9, 2023, the SEC instituted settled cease-and-desist proceedings against Blackbaud, stating: "This matter concerns materially misleading disclosures by Blackbaud regarding a ransomware attack that resulted in the unauthorized access and exfiltration of sensitive customer information."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$3,000,000.00
Shared:
