Universities Boost Spending to Curb Cyber Attacks


Higher education institutions have increased their cybersecurity budgets as more universities fall prey to cyber attacks, Moody’s Investor Service says in a report.

The bond ratings agency reports that higher education institutions allocating a portion of their budget to cybersecurity increased more than 70 percent from 2019 to 2023. Despite the new spending jump, universities still focus less on cyber spending than other institutions do.

Read more…
Source: Inside Higher Ed


Sign up for our Newsletter


Related:

  • Funksec Ransomware Teams Up with Another Ransomware Group to Double Down on Targets

    February 3, 2025

    FunkSec is a relatively new but highly active ransomware group that, as of this writing, has targeted several dozen victims across industries like government, banking, communications, and education. In a recent blog post, the group announced a partnership with another ransomware outfit, FSociety, aiming to carry out attacks more efficiently. This week, SonicWall Capture Labs research ...

  • Texas medical school says hackers stole sensitive health data of 1.4 million individuals

    December 17, 2024

    The Texas Tech University Health Sciences Center (TTUHSC) confirmed hackers accessed the personal and sensitive health data of over 1.4 million individuals during a September cyberattack. The cyberattack, which also affected TTUHSC’s El Paso campus, saw attackers steal information including Social Security numbers, financial account information, government-issued ID details, and health information — including medical records ...

  • Education under siege: How cybercriminals target our schools​​

    October 10, 2024

    Education is essentially an “industry of industries,” with K-12 and higher education enterprises handling data that could include health records, financial data, and other regulated information. At the same time, their facilities can host payment processing systems, networks that are used as internet service providers (ISPs), and other diverse infrastructure. The cyberthreats that Microsoft observes across ...

  • Education, Health Sectors Facing Challenges as Nigeria Records 586,130 Cyber Threats in 6 Months

    September 14, 2024

    Between January and June 2024, a staggering 586,130 cyber threats were launched against Nigeria, especially the financial institutions and telecoms companies, with other sectors also facing specific challenges. According to the report, various industries face unique cybersecurity challenges. The education sector grappled with maintaining security amidst digital transformation. The healthcare industry struggled to balance handling sensitive ...

  • Ransomware attacks on schools threaten student data nationwide

    August 26, 2024

    Imagine a criminal gaining unrestricted access to your child’s most private information — medical records, Social Security numbers and even details about their daily bus ride to school. This alarming scenario is becoming a reality for a growing number of families as sophisticated cybercriminals increasingly target schools across the United States, holding their computer systems ...

  • Microsoft IT outage linked to cyber security firm Crowdstrike hits airlines, railways, NHS and media outlets globally

    July 19, 2024

    The ‘most serious IT outage the world has ever seen’ sparked global chaos today – with planes and trains grounded, the NHS disrupted, shops closed, football teams unable to sell tickets and banks and TV channels knocked offline. The devastating technical fault caused Windows computers to suddenly shut down, prompting departure boards to immediately turn off ...