In recent years, there has been increasing amounts of ransomware attacks on colleges and universities due to poor cybersecurity practices, a higher likelihood of ransom payment, and the value of information involved. The entire education sector performs poorly as a whole compared to other sectors when it comes to data security, and hackers are quickly taking notice.
A recent Sophos study examining ransomware attacks in education found that almost 64% of higher education organizations have been affected by ransomware in 2022. This was a major jump from 44% last year in 2021, signifying the poor response to cybercrime by colleges and universities across the world.
This article will discuss how colleges and universities can protect themselves from ransomware attacks in the future, limit potential vulnerabilities, and reduce the rate of successful cyber attacks.
The main reason why colleges and universities are increasingly targeted is that they lack basic security protocols. Many higher education institutions contain multiple divisions, systems, or departments, making it incredibly difficult to maintain security consistency across the board. In addition, historically, the education sector has not prioritized cybersecurity because it requires a significant investment that does not return any direct revenue.
Because colleges and universities often handle extremely sensitive data, the lack of information security practices makes them ideal targets for cybercriminals. Losing or exposing the data could potentially cripple the entire school system, which is why these higher education schools would rather pay the ransom to retrieve the data than possibly lose it forever.
For example, in June 2020, the University of California, San Francisco (UCSF) paid $1.1 million to hackers to regain access to their servers because it was much cheaper than potentially spending over $10 million to retrieve the lost data. Even though the FBI and law enforcement strongly advise against paying ransoms to avoid incentivizing potential hackers, the value of the information was worth more than the ransom demands to the school.
Over the last few years, the main challenges that higher ed schools face can be narrowed down to the following reasons:
Learn which security flaws are increasing the risk of ransowmare attacks >
In order to prevent the likelihood of more ransomware attacks, colleges and universities must begin building cybersecurity awareness. Waiting until an attack happens is putting your organization at risk and at a major disadvantage. In many cases, even paying the ransom does not guarantee the full recovery of data.
Here are the best practices to proactively prevent future ransomware attacks:
Colleges and universities have historically been the slowest to adapt to changing cybersecurity landscapes. They typically prioritize funding for research, academics, and student aid, leaving no room for cybersecurity spending. However, in order to combat the increasing risk of ransomware or malware attacks, these higher education institutions must begin to carve out a budget for cybersecurity.
While Gartner analysts anticipate a massive increase in worldwide cybersecurity spending, security budgets for colleges and universities have largely remained flat, increasing just enough to keep pace with inflation. As hackers double-down their efforts to extort money from schools, universities must maintain an urgency to protect themselves and match the rising cyber threat risk.
Learn how to reduce your organization’s cyber risk >
Many colleges and universities allow every major department to manage its own IT security practices. However, because all departments are often linked to each other and the main university network, this can pose a problem should one department become compromised. Some departments may not invest in information security at all, which opens up an easy entry point for threat actors.
Instead, universities should maintain one central IT security team that oversees all departments and is in charge of cyber protection. A unified, collaborative effort between departments with a standardized cybersecurity policy allows for schools to put a system in place to prevent ransomware attacks from happening.
Providing basic security education and training should be a requirement for all schools. Even with an IT security team managing best cybersecurity practices, one mistake from a staff member, faculty, or student can put the entire network at risk. Security training can be one of the most effective and budget-friendly options, especially for smaller schools.
For example, a short security course can be implemented as part of the onboarding or new student orientation process. Topics can include:
Almost all major corporations and organizations should have cybersecurity insurance in the event of a cyber attack. Cybersecurity insurance will become just as important as health or property insurance as the world moves into the digital age. It’s important to note that insurance doesn’t protect against ransomware; it only helps cover some of the cost.
Some benefits that can come with cyber insurance are:
Insurance premiums will depend greatly on each school’s security profile, and it may cost more to insure if your organization has not invested enough in cybersecurity. Having a cyber defense plan and an incident response plan in place can help insurance underwriters with their risk analysis. An early investment into insurance could potentially help save millions of dollars down the line.
Learn how to perform a cyber risk analysis >
Endpoints are one of the easiest and most common ways hackers gain access to private servers and networks. Human error is the #1 attack vector because many neglect basic security practices. In many cases, users may not even realize that hackers have infiltrated a network through them.
Although cybersecurity teams are responsible for monitoring network traffic, it’s impossible to cover every single endpoint. In the case of colleges and universities, there may be thousands, if not millions, of endpoints to secure.
The best way to cover all the bases is to employ EPP (endpoint protection platform), EDR (endpoint detection & response), or XDR (extended detection & response) solutions. These solutions can help:
The main focus of the IT security team should be to establish university-wide security policies and maintain a strong security posture. Good protocols can limit the attack surface of a ransomware attack and can even discourage hackers from targeting the school.
Some useful strategies that can be implemented in security protocols can include:
Many security solutions like threat detection or incident response only focus on what to do after an attack has happened. However, this may not be an effective strategy to protect against all future ransomware attacks.
Learn how to protect employee credentials from Ransomware attack compromise >