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Stock impact report

Blackbaud must face data breach claims over 2020 ransomware attack [Reuters]

Blackbaud, Inc. (BLKB) 
Last blackbaud, inc. earnings: 2/10 04:10 pm Check Earnings Report
Company Research Source: Reuters
We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. (Reuters) - A South Carolina federal judge is allowing multidistrict data breach litigation against software company Blackbaud Inc to go forward, finding the plaintiffs have sufficiently alleged standing to keep the case on track. The Thursday decision from U.S. District Judge J. Michelle Childs in Columbia comes in litigation against Charleston-based Blackbaud, which was hit with a ransomware attack in early 2020. Cybercriminals allegedly later exfiltrated an "astronomical amount of data," according to a consolidated complaint. "We are pleased with Judge Childs' decision, which we believe may be the first district court case addressing whether the Supreme Court's TransUnion v. Ramirez opinion closes the courthouse doors to consumers demanding accountability from companies when they are careless with their data," co Show less Read more
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