What happens if you ‘cover up’ a ransomware infection? For Blackbaud, a $3m charge

Blackbaud has agreed to pay $3 million to settle charges that it made misleading disclosures about a 2020 ransomware infection in which crooks stole more than a million files on around 13,000 of the cloud software slinger’s customers.

According to America’s financial watchdog, the SEC, Blackbaud will cough up the cash – without admitting or denying the regulator’s findings – and will cease and desist from committing any further violations.

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Source:  The Register