Monday, December 9, 2024

Moody’s rates education sector at ‘high’ cyber risk in 2024 - Anna Merod, K-12 Dive

The cybersecurity risk score for the education and nonprofit sectors has jumped from “moderate” to “high” over the past two years. Global cyber risk scores for education and nonprofit organizations bumped up from “moderate” to “high” between 2022 and 2024, Moody’s recently reported in its annual cyber heat map analysis. The highest score is the “very high” level. Sectors including education are seeing their cyber risk scores rise as a steady rate of digitization risks remain coupled with weakened cyberdefenses. 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.