Blackbaud reaches agreement with Federal Trade Commission on 2020 incident

Blackbaud announced a settlement with the Federal Trade Commission, or FTC, related to its 2020 security incident. When finalized, this settlement will fully resolve the previously disclosed matter with the FTC. Blackbaud has not been fined by the FTC and is not otherwise required to make any payment as part of this settlement. In entering into this settlement, Blackbaud has neither admitted nor denied any of the allegations made by the FTC, whether in the FTC’s complaint or its associated press release.