Monday, October 17, 2022

As cybersecurity threat rages, colleges invest in risk prevention and pay higher insurance premiums - Rick Seltzer, Higher Ed Dive

Warnings about cyberattacks targeting colleges come from all sides. Corporate experts suggest ways to stave off breaches. Companies publish research about the sector’s lack of readiness. The FBI has flagged university login credentials being for sale online. Only 13% of institutions with cyber insurance in S&P’s portfolio reported a data breach because of a cyberattack. Cyber insurance policies are getting more expensive for the higher ed sector. Policy renewals are typically increasing prices by between 40% and 60%, with some premium increases hitting the triple digits, S&P said.