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Back to School Welcome Your Datas Been Breached

Back to School Welcome Your Datas Been Breached Since 2008, higher education institutions have been hit with 158 data breaches. No Title These institutions have been responsible for exposing over 2.3 million records. No Title Considering the current Ponemon Institute figures for the average cost of a data breach-$204 per record-these education breaches have totaled […]

Sep 8, 2010
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1Back to School Welcome Your Datas Been Breached

Since 2008, higher education institutions have been hit with 158 data breaches.

2No Title

These institutions have been responsible for exposing over 2.3 million records.

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Considering the current Ponemon Institute figures for the average cost of a data breach-$204 per record-these education breaches have totaled nearly half a billion dollars in costs for affected organizations.

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In 2009 organizations experienced 57 reported data breaches.

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Through July 2010 there have been 32 reported breaches at higher education institutions, putting 2010 on pace to break last year’s figures.

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Higher education ranks as the second-most prone vertical to data breaches (behind financials), making up 21 percent of all reported breaches.

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Recent analyst reports show that only 50 U.S. universities plan to increase their IT security spending in 2010.

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While database breaches account for 75 percent of total data breaches, less than four percent of education IT budgets are being spent on database security.

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