The CFO of a Texas school district recommends safer ways to request sensitive employee data and stronger password and verification policies.
Over the last five years, global ransomware attacks against K-12 and higher education institutions — breaching more than 6.7 million personal records — were estimated to cost over $53 billion in downtime, according to Comparitech, a cybersecurity and online privacy product review website. Comparitech researched 561 attacks between 2018 and mid-September 2023.
And per a July report by U.K.-based cybersecurity firm Sophos, 47% of surveyed public and private K-12 institutions worldwide hit by a ransomware attack ultimately paid to recover their stolen data.
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