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
Related:
- Medusa ransomware claims attack on Open University of Cyprus
April 6, 2023
The Medusa ransomware gang has claimed a cyberattack on the Open University of Cyprus (OUC), which caused severe disruptions of the organization’s operations. OUC is an online university based in Nicosia, Cyprus, that provides remote learning. It offers 30 higher-level education programs to 4,200 students and participates in various scientific research activities. Read more… Source: Bleeping Computer
- Hackers attack several Israeli university websites
April 4, 2023
The sites of Tel Aviv University, Hebrew University of Jerusalem, Ben-Gurion University of the Negev, Haifa University, Weizmann Institute of Science, Open University of Israel and Reichman University were among the sites inaccessible due to the cyberattack. The group posted a statement on its Telegram account, listing the attacked websites. “Infrastructure: Universities – Israel’s education sector ...
- University of California targeted in cyber attack
March 31, 2023
The University of California said Wednesday that it was subject to a cyber attack that has compromised the personal information of some individuals in the university community. According to the ten-campus university system, the cyber attack “involves the use of Accellion, a vendor used by many organizations for secure file transfer, in which an unauthorized individual ...
- Wymondham College hit by sophisticated cyber attack
March 14, 2023
Wymondham College said disruption was likely to continue until the Easter holidays due to its IT system being targeted. In a message sent to students, seen by the EDP, the college apologised for disruption but said it believed there had been no data breach. Read more… Source: Wymondham Evening News
- LAUSD says Vice Society ransomware gang stole contractors’ SSNs
January 20, 2023
Los Angeles Unified School District (LAUSD), the second-largest school district in the United States, says the Vice Society ransomware gang has stolen files containing contractors’ personal information, including Social Security Numbers (SSNs). LAUSD also revealed that the threat actors were active in its network for over two months, between July 31, 2022, and September 3, 2022. Read ...
- Iowa’s largest city cancels classes due to cyber attack
January 9, 2023
Iowa’s largest school district cancelled classes for Tuesday after determining there was a cyber attack on its technology network. Des Moines Public Schools announced Monday that classes would be cancelled for its 33,000 students after being “alerted to a cyber security incident on its technology network.” The district said in a news release that it took its ...