Shaun S.’s Post

This brief article highlights the rising cyber risks faced by schools as their digital presence grows. The associated costs of insurance to mitigate these risks are likely to influence safety decisions in the present and future. It's crucial for schools to annually evaluate this risk alongside others, seeking guidance from consultants well-versed in insurers' risk assessment methodologies. Stay proactive in safeguarding school digital profiles! #CyberSecurity #RiskManagement #EducationSafety

Higher education’s tech model makes it hard to protect and Moody’s agrees, rating the sector at “high risk” for cyber threats in 2024. Many institutions operate with fragmented systems and diverse user groups, which foster innovation but also create vulnerabilities. It’s clear the status quo isn’t sustainable. Leadership needs to prioritize security, invest strategically, and build awareness across campuses to safeguard institutions and their missions. Cyber risk isn’t just an IT issue...it’s an institutional one. For us in tech trying to secure education....this is the cross we bear. #HigherEd #Cybersecurity #DigitalInnovation https://lnkd.in/gyXWRnYn

#CyberRisk mitigation can take many forms and it is important for institutions and decision-makers to remain flexible when faced with a cyber-attack or developing prevention strategies to ward off cyber threats. Leaders in higher education can begin by developing and implementing a tailored #cybersecurity framework intended to mitigate risk and customized to organizational needs. Guidehouse Financial Services Guidehouse State and Local Government

🚨 Education sector faces 'high' cyber risk in 2024, says Moody's Ratings's The digital transformation of education has a dark side. Moody's just elevated the education sector's cyber risk from moderate to high for 2024. Why? Weak defenses and growing digitization. Key findings: • Education owns $356 billion of the $23.2 trillion high-risk debt across sectors • Ransomware attacks in education are among the highest reported • Cyber incident costs have more than tripled in the past year What does this mean for educational institutions? 1. Urgent need for improved cybersecurity measures 2. Potential financial strain due to cyber incidents 3. Increased vulnerability of student and faculty data The silver lining? The FCC's new $200 million cybersecurity pilot program for schools and libraries. However, with $3.7 billion in requests, the demand far outweighs the support. Read more about this: https://lnkd.in/eiTnvjwM Educational leaders: It's time to prioritize cybersecurity. What steps is your institution taking to protect against these growing threats? #EducationCybersecurity #HigherEdTech #CyberRisk #DigitalTransformation #DataProtection

As cyber-attacks become increasingly prevalent, it’s vital that higher education institutions take preventative actions to prepare against cyber risks. Guidehouse cyber consultants can help these institutions gather #threatintelligence, detect threats, secure your #data, and strengthen identity access management (#IAM) to better mitigate and recover from cyberattacks. Explore more: https://lnkd.in/eAXh_NCd. Guidehouse Financial Services | #HigherEducation #CyberRisks #CyberAttacks #CyberResilience

As cyber-attacks become increasingly prevalent, it’s vital that higher education institutions take preventative actions to prepare against cyber risks. @Guidehouse cyber consultants can help these institutions gather #threatintelligence, detect threats, secure your #data, and strengthen identity access management (#IAM) to better mitigate and recover from cyberattacks. Explore more with the link below. Guidehouse Financial Services | #HigherEducation #CyberRisks #CyberAttacks #CyberResilience

Institutions are facing increasing budget issues, making cybersecurity a more pressing concern than ever. Thankfully, Ferrilli is here to help. Our dedicated cybersecurity team is working tirelessly to reduce security costs for our clients. Reach out to us to discover how to keep your institution safe without breaking the bank. #cybersecurity #budget #securitycosts #Ferrilli

Seemingly another high profile cyber attack, what doesn't get as much headline space are the smaller businesses often hit by these attacks at a much higher frequency. Not only can a sustained cyber attack cost your business in the short term to resolve, the reputational harm can be much more difficult to recover from . IT security is clearly worth investing in but often these attacks succeed because of human error on the part of the affected business, reach out to discuss how cyber insurance can help your business survive such an event [email protected]. #cyber, #irishSME, #business

The impact of stealing students' data extends beyond immediate financial or academic consequences and can have long-lasting effects on individuals and institutions alike. We're dealing with a vast number of students whose credit reports are essentially pristine which makes them the prime target for identity theft. It is important to recognise that the stress of exams, coupled with the added emotional impact of a data breach, can significantly affect students' ability to concentrate on their academic responsibilities. This additional emotional burden may exacerbate existing challenges and hinder their focus on the tasks at hand and be an additional impact on home-life . It crucial to provide support and resources to help students cope with these stressors effectively, ensuring that their educational experience remains as uninterrupted as possible despite the challenges they may face. The University of Winnipeg's current cyber posture, as reflected in the BreachAware® report (https://lnkd.in/eNG9xfp4), highlights an opportunity for proactive measures. While it notes over 4,000 compromised accounts across 146 third-party breaches, addressing this issue presents a manageable task. By thoroughly researching and mitigating this data, the university can effectively assess and minimise potential risks to both students and the institution. This proactive approach aligns with best practices and ensures that the University of Winnipeg maintains a secure cyber environment, comparable to other institutions of similar size. #protectyourprivacy #education #wellbeing #cybersecurity #cybersecurityawareness https://lnkd.in/en_Mqfmt