Security News > 2023 > October > Blackbaud agrees to $49.5 million settlement for ransomware data breach

Cloud computing provider Blackbaud reached a $49.5 million agreement with attorneys general from 49 U.S. states to settle a multi-state investigation of a May 2020 ransomware attack and the resulting data breach.

In the breach disclosed by Blackbaud in July 2020, the highly sensitive data belonging to over 13,000 Blackbaud business customers and their clients from the U.S., Canada, the U.K., and the Netherlands was compromised, impacting millions of individuals.

Blackbaud complied with the attackers' demand for ransom after being told that all the stolen data was destroyed.

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News URL

https://www.bleepingcomputer.com/news/security/blackbaud-agrees-to-495-million-settlement-for-ransomware-data-breach/