December 7, 2023 – The Wall Avenue Journal has an attention-grabbing perspective on Ok-12 Public faculties struggling ransomware assaults. The quantity doubles between 2021 and 2022 to virtually 2,000 a yr. Listed here are a couple of paragraphs with a hyperlink to the complete article:
“Hacks are on the rise throughout all industries, however the public sector’s weak protections make it an more and more engaging goal for cybercriminals. Cybercrime has left faculties, hospitals and utilities from Baltimore to Los Angeles struggling to pay ransom, restore providers and increase safety. Funds have suffered, threatening credit score scores.
The variety of Ok-12 public faculties struggling ransomware assaults virtually doubled between 2021 and 2022 to virtually 2,000 a yr, in response to a report by Emsisoft, a cybersecurity firm. The rising use of know-how in training, which was accelerated by the Covid-19 pandemic, in addition to healthcare’s reliance on IT infrastructure, has made faculties and hospitals significantly susceptible, in response to analysts.
“This yr alone, we’ve seen much more of those assaults in comparison with prior years, and it’s a priority that has come up in virtually each dialogue that we have now with issuers,” mentioned Li Yang, lead analyst at S&P World Scores.
Cyberattacks on the Los Angeles Unified College District, the nation’s second-largest faculty system, induced issues together with the discharge of confidential scholar information. Superintendent Alberto M. Carvalho mentioned officers convened a job drive of cybersecurity consultants to start modernizing the district’s know-how. This yr the college district offered hundred of thousands and thousands of {dollars} of debt and plans to make use of $72 million to safe its know-how infrastructure, in response to a spokesperson.” Finish quote.
Learn the complete article right here and ahead this to your individual community:
https://www.wsj.com/finance/investing/a-hidden-risk-in-the-municipal-bond-market-hackers-d0ff1de2