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Largest Cyber Attack in University of Colorado History Exposes Personal Health Information and Social Security Numbers

April 2021 by APOORV AGARWAL, CO-FOUNDER AND CEO AT TEXT IQ

The University of Colorado released new information about the
Accellion data breach that compromised more than 310,000 university
records [1]. Data exposed in the breach included grades and transcript
data, visa and disability status, medical and prescription information
and in limited cases, Social Security numbers and university financial
account information.

Ransomware attacks represent the number one cybersecurity threat for
universities. [2] In 2020, attacks against higher education were up 100%
compared to 2019 with the average ransom demand being $447,000.

According to APOORV AGARWAL, CO-FOUNDER AND CEO AT TEXT IQ, an
artificial intelligence platform for sensitive data:

“Ransomware attacks on universities are problematic since schools
collect and store personal information for all parties. This can include
bank or credit card information, health records, social security
numbers, and birth certificates. Cybercriminals prefer to target
entities like universities, especially with less in-person instruction,
because of the wealth of data they possess and the fact that
universities, unlike enterprises, may not spend tens of millions of
dollars each year on cybersecurity.

Cyberattacks are a painful reminder for higher education institutions to
better understand what sensitive data they hold, and to invest in
protocols and technologies to automate the process of determining whose
data has been breached. Investing in secure automation platforms that
accurately identify sensitive information using AI may be the only
feasible way for these institutions to enable response teams to make
quicker, more informed and more accurate decisions on who to notify
based on applicable regulations.”


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