01:51 PM EDT, 05/20/2024 (MT Newswires) -- The US Federal Trade Commission said Monday it has finalized an order to settle allegations against Blackbaud ( BLKB ) following a data breach in 2020.

The commission said it voted 3-0-2 to give final approval to the settlement, which requires Blackbaud ( BLKB ) to delete data that it no longer needs to provide its products and services as well as develop a comprehensive information security program addressing the issues raised by the FTC.

The order also prohibits Blackbaud ( BLKB ) from misrepresenting its data security and data retention policies, according to the FTC.

Blackbaud ( BLKB ) did not immediately respond to a request for comment from MT Newswires.

The company's stock was little changed in recent trading Monday.

Price: 79.65, Change: +0.35, Percent Change: +0.44