The Ransomware Threat: Preparing Schools and Libraries for Ransomware Attacks
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LevelBlue Completes Acquisition of Cybereason. Learn more
Ransomware attacks have emerged as a significant threat to educational institutions. Cybercriminals encrypt sensitive data and demand payment for its release, severely disrupting school operations and leading to exorbitant recovery costs for districts. With ransomware tactics continually evolving, the security of the entire U.S. education system is at risk.
Ransomware attacks have been increasing exponentially for K-12 schools due to their digital assets, vulnerable end users, and under-resourced or nonexistent cybersecurity programs. According to a recent article by Comparitech, there has been a 393% increase in ransomware attacks since 2016, costing an estimated $35.1 billion in downtime from reported incidents. Many incidents remain unreported, making the true financial magnitude difficult to quantify. Ransom demands vary dramatically, ranging from $1,000 to tens of millions in cost. For example, Broward County Public Schools in Florida was targeted in 2021, where the Conti ransomware group demanded $40 million, which the school district refused to pay. As a result, the hackers published 26,000 stolen files impacting over 48,000 people.
Cybersecurity is an ongoing commitment as cyberthreats continue to evolve and prey on the most vulnerable. In Gartner’s report, “ How to Prepare for Ransomware Attacks”, Gartner suggests that security and risk management leaders must first focus on the pre-incident stage of the ransomware attack including the preparation and multilayered prevention of an attack. This strategy should include a backup process, asset management, identity and access management, risk-based vulnerability management, and security awareness training.
Backup Process
Asset Management
Identity and Access Management
Exposure and Vulnerability Management
Security Awareness Training
By partnering with a managed security service provider like LevelBlue, schools and libraries can take the first step in building a resilient security strategy to prevent and mitigate ransomware attacks. LevelBlue simplifies cybersecurity strategy planning and can help implement an incident readiness and response strategy in the face of a complex, evolving threat landscape.
Incident Readiness and Response
Managed Endpoint Security
Exposure and Vulnerability Management
Managed Detection and Response for Government ( MTDR for Gov)
Email Security
DDoS Mitigation
Ransomware attacks will continue to emerge and target schools and libraries with more sophistication and frequency. Watch for Part Two of this blog, “Ransomware Response Plan: What Schools and Libraries Should Do After an Attack” and learn how leveraging incident response services can address and mitigate the impact of a ransomware attack.
Want to learn more about how LevelBlue can help schools and libraries? Contact our security experts today to discuss your specific needs and challenges.
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