News
This week, global credit rating provider Moody’s announced the cybersecurity risk score for the education and nonprofit sectors has jumped from “moderate” to “high” over the past two years.
The education sector’s rising cyber risk rating comes as ongoing calls for K-12 cybersecurity support are amplified at the national and state levels. According to Moody’s, higher cyber risk scores are being driven by growing digitization — which produces an “extensive digital footprint potentially more vulnerable to a cyberattack” — and below-average mitigation of cyber risks.
The report also noted that education sectors have reported one of the highest rates of ransomware attacks and that the costs of cyber incidents have more than tripled in the past year.