Blackbaud, a cloud software company, was fined $675 million after a ransomware attack in 2020 compromised the data of many of its clients. The company paid the ransom to the cybercriminals in order to prevent the exposure of the stolen data.
The ransomware attack on Blackbaud had serious consequences for the company and its clients. The stolen data included sensitive personal information of individuals, such as names, addresses, and financial information. This breach violated data protection regulations, leading to the hefty fine imposed on Blackbaud.
After the ransomware attack, Blackbaud took steps to enhance its cybersecurity measures and notify affected clients about the breach. The company also worked with law enforcement agencies to investigate the attack and track down the cybercriminals responsible for it.
Following the ransomware attack, Blackbaud implemented stronger security protocols, conducted regular security audits, and invested in advanced threat detection software to prevent future attacks.
Blackbaud notified affected clients about the data breach through emails, official statements on its website, and customer support services. The company also provided guidance on how clients could protect themselves from potential identity theft or fraud.
Law enforcement agencies worked closely with Blackbaud to investigate the ransomware attack, identify the perpetrators, and track down the stolen data. The collaboration between the company and law enforcement helped in apprehending the cybercriminals and taking legal action against them.
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Blackbaud fined $6.75M for 2020 ransomware breach.