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Growing Cyberthreats, Surging Insurance Costs

Posted on December 16, 2021 by Dissent

Suzanne Smalley reports:

Higher education institutions seeking cybersecurity insurance today are not unlike homeowners living on the water in a hurricane-prone coastal community: the riskier the environment, the harder it is to get insured.

For both community colleges and four-year institutions, cyberthreats are now very pronounced, and that reality has led to more institutions facing cyberinsurance premium hikes of as much as 400 percent—or even discovering they are uninsurable.

Read more at Inside Higher Ed.


Related:

  • Resource: NY DFS Issues New Cybersecurity Guidance to Address Risks Associated with the Use of Third-Party Service Providers
  • TX: Kaufman County Faces Cybersecurity Attack: Courthouse Computer Operations Disrupted
  • Bombay High Court Orders Department of Telecommunications to Block Medusa Accounts After Generali Insurance Data Breach
  • Cyber-Attack On Bectu’s Parent Union Sparks UK National Security Concerns
  • Attorney General James Announces Settlement with Wojeski & Company Accounting Firm
  • JFL Lost Up to $800,000 Weekly After Cyberattack, CEO Says No Patient or Staff Data Was Compromised
Category: Commentaries and AnalysesEducation SectorMalwareU.S.

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