BobWScott

BobWScott

2020 RANSOMWARE COSTING B'BAUD

 Blackbaud expects to pay $25 million to $35 million for costs stemming from a May 2020 ransomware attack. The nonprofit software company, which paid the ransom, faces hundreds of customers claims and 19 consumer class action cases in courts in the United States and Canada.

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AVIDXCHANGE FIXING INTERNAL CONTROLS

 Payments software vendor AvidXchange is beefing up its accounting resources to develop more effective controls and procedures for financial reporting. In its Form 10-Q for the first quarter ended March 31, the company said its executives conclude more work was needed, but also concluded the report conformed to U.S. GAAP.

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RANDOM THOUGHTS: BEZOS & MUSK

We just purchased an electric car.  But I think the builders got carried away with some of the technology.

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