Throughout the first half of 2023, K12 and higher education institutions experienced 85 ransomware attacks, nearly doubling last year's recording, according to a new analysis from Comparitech. Unfortunately for the education sector as a whole, it's a troubling trend that shows no signs of slowing down, and it's costing schools a fortune in downtime.
During the first six months of 2023, the education sector saw a 179% spike in overall attack volume compared to the first half of 2022. The attacks are seemingly regular as well, with 16.6% of victims reported being targeted at least once a month.
A new report by consulting firm Bain & Company is forecasting the majority of higher education to be in a tough financial spot three years from now due to a confluence of operational challenges affecting institutions.
Reports by National Student Clearinghouse Research Center and YouthTruth suggest that male enrollment has declined faster than women for the past five years and only 57% of young men graduating high school in 2023 expect to go to college.
Institutions must reconsider fostering coming-of-age experiences for young adults as its main business model to a knowledge service whose programs are as fluid as tomorrow's students, according to an Ernst & Young report.