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


  • Agonizing Serpens (Aka Agrius) Targeting the Israeli Higher Education and Tech Sectors

    November 6, 2023

    Unit 42 researchers have investigated a series of destructive cyberattacks beginning in January 2023 and continuing as recently as October 2023, targeting the education and technology sectors in Israel. The attacks are characterized by attempts to steal sensitive data, such as personally identifiable information (PII) and intellectual property. Once the attackers stole the information, they ...

  • Sheffield Hallam cryptocurrency investigation game wins European Commission Award

    October 24, 2023

    A first-of-its kind cryptocurrency-tracing training game co-created by Sheffield Hallam University’s Centre of Excellence in Terrorism, Resilience, Intelligence and Organised Crime Research (CENTRIC) has won a prestigious European Commission Award. Cryptopol was developed and co-created by researchers in CENTRIC and Europol, the law enforcement agency of the EU, in 2019. It simulates a cryptocurrency investigation ...

  • Personal Data Leaked After Cyber Attack on Maryland Schools

    August 28, 2023

    Prince George’s County, Md., Public Schools officials said some of the personal data stolen in a recent cyber attack has leaked online. The Washington, D.C., area school system is one of the 20 largest school districts in the U.S., with 201 schools and centers. The school system discovered an attack on its network on Aug. 14, ...

  • Connecticut city loses $6 million in multiple cyber attacks on public school district, manages to recoup half

    August 11, 2023

    The city of New Haven lost more than $6 million in multiple cyberattacks on its public school district earlier this summer and has so far managed to recoup about half of the money, officials announced Thursday. The thefts, which occurred in June and involved hackers impersonating the city’s chief operating officer and private vendors in emails, ...

  • Major cyber attack at Scottish university as police and government called in

    July 7, 2023

    The University of the West of Scotland (UWS) said it is working with experts from the national cyber security centre, Police Scotland and the Scottish Government after its website was shut down for several days. A message on the site displays a message warning it is “currently down” for maintenance and apologises for any inconvenience. Read more… Source: ...

  • UK: Hacking gang BlackCat says it stole data trove from the Barts Health NHS Trust

    June 30, 2023

    A gang of cybercriminals says it has breached one of the UK’s largest hospital groups and is threatening to publish a trove of its confidential data. The gang, known as ALPHV or BlackCat, posted a statement on Friday claiming it had obtained seven terabytes of internal documents from the Barts Health NHS Trust, which manages five ...