Data breaches not only hurt the reputations of colleges and universities that become victims to such attacks, they also are very expensive, according to an article by The Chronicle of Higher Education.
In responding to breaches, universities typically must hire forensic experts, notify affected individuals and, in many cases, cover the costs of credit-protection services.
Cyberattacks cost an average of $111 per record, the Ponemon Institute reported in a 2013 study. That adds up quickly in the kinds of attacks that expose records of more than 100,000 students and employees.
