Blackbaud

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SEC-Blackbaud Enforcement Showcases Two Emerging Trends

April 14, 2023

Posted in Regulatory

On March 9, 2023, the Securities and Exchange Commission (SEC) reached a $3 million settlement with Blackbaud–a client relationship management (CRM) service provider–reflecting two trends in SEC’s enforcements which data controllers and data processors should watch. Trend #1: The enforcement action is the most recent in a series of SEC settlements for matters NOT being…