Data breaches in higher education institutions have led to significant adverse outcomes, such as the loss of funding and student fees and the illegal seizure of intellectual property assets.
The financial implications of data breaches at colleges and universities are also substantial. According to IBM’s 2023 report on the cost of data breaches, the average data breach in the higher education and training sector between March 2022 and March 2023 was $3.65 million.
It is time for a new cybersecurity paradigm to secure sensitive data from cyber criminals. By adopting an open security approach that uses SIEM, and developing data security tools and code in the open, IT teams can see what features are functioning to keep users secure and what code can be improved to protect against emerging threats.
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