Back to School Welcome Your Datas Been Breached
Since 2008, higher education institutions have been hit with 158 data breaches.
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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.