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I hope you all had a wonderful weekend. As a reminder, we are offering a free webinar at 11am PDT / 2pm EDT today addressing questions on the TPS expansion guideline. I’ll be on with Russ Poulin and Cheryl Dowd - two of the most knowledgeable and helpful people I know. I hope you can join us.
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On to the update.
With all of the frustrating action on the federal regulatory front around EdTech, it’s worth sharing a win where federal agencies and their oversight can help keep markets healthy. OK, a partial win at best, but it’s worth sharing.
In 2020 I covered a data breach that needed more attention.
Blackbaud – a publicly-traded software company providing fundraising, relationship, financial, and education management to academic institutions as well as other “social good organizations” – detected a data breach in May of this year. The incident originated at a managed hosting (company-run data center) environment for the Raiser’s Edge and NetCommunity products that help organizations manage their fund-raising, keeping track of donors and amounts they have contributed over time. Two months later, on July 16th Blackbaud finally notified customers of the breach.
The primary focus of this post was on the lack of transparency to customers and regulators about the breach. The regulatory angle included the US Securities and Exchange Commission (SEC) and Europe’s General Data Privacy Regulations (GDPR).