Veronica R. Glick

Veronica Glick is a partner in Mayer Brown’s Washington, DC office and a member of the firm’s National Security and Cybersecurity & Data Privacy practices. She is also a member of the firm’s Litigation & Dispute Resolution practice and Congressional Investigations & Crisis Management team. Veronica focuses her practice on complex and cutting-edge legal issues regarding national security, cybersecurity and international law, with particular experience responding to multijurisdictional cyber incidents.

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Blackbaud Inc. to Pay $3 Million to SEC for Alleged Misleading Disclosures in 2020 Ransomware Attack

By Rajesh De, Veronica R. Glick, Stephen Lilley, Anna T. Pinedo, David A. Simon, Jeffrey P. Taft & P. Kai Knight on March 23, 2023

Posted in Corporate Governance, Cybersecurity, Disclosure Requirements, Public Companies, SEC News

Public companies should note a recent settlement with the US Securities and Exchange Commission (“SEC”). On March 9, 2023, the SEC announced that Blackbaud Inc. agreed to pay $3 million to settle charges for alleged misleading disclosures about its 2020 ransomware attack and for alleged disclosure control failures. This serves as a reminder for public…