The Education Sector Reports the Highest Rate of Ransomware Attacks, Sophos Survey Finds
While the Sector Reports One of the Highest Rates of Ransom Payments, Doing So Significantly Increased Recovery Costs and Time
Posted: Thursday, Jul 27
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  • The Education Sector Reports the Highest Rate of Ransomware Attacks, Sophos Survey Finds
The Education Sector Reports the Highest Rate of Ransomware Attacks, Sophos Survey Finds

SYDNEY, AUSย โ€“ July 27, 2023 โ€“ย Sophos, a global leader in innovating and delivering cybersecurity as a service, released a new sectoral survey report, โ€œThe State of Ransomware in Education 2023,โ€ which found that education reported the highest rate of ransomware attacks in 2022. Over the past year, 79% of higher educational organisations surveyed reported being hit by ransomware, while 80% of lower educational organisations surveyed were targetedโ€”an increase from 64% and 56% in 2021, respectively.

Additionally, the sector reported one of the highest rates of ransom payment with more than half (56%) of higher educational organisations paying andย nearly halfย (47%) of lower educational organisations paying the ransom. However, paying the ransom significantly increased recovery costs for both higher and lower educational organisations. Recovery costs (excluding any ransoms paid) for higher educational organisations that paid the ransom were $1.31 million when paying the ransom versus $980,000 when using backups. For lower educational organisations, the average recovery costs were $2.18 million when paying the ransom versus $1.37 million when not paying.

Paying the ransom also lengthened recovery times for victims. For higher educational organisations, 79% of those that used backups recovered within a month, while only 63% of those that paid the ransom recovered within the sameย timeframe. For lower educational organisations, 63% of those that used backups recovered within a month versus just 59% of those that paid the ransom.

โ€œWhile most schools are not cash-rich, they are very highly visible targets with immediate widespread impact in their communities. The pressure to keep the doors open and respond to calls from parents to โ€˜do somethingโ€™ย likely leadsย to pressure to solve the problem as quickly as possible without regard for cost. Unfortunately, the dataย doesnโ€™tย support that paying ransoms resolves these attacks more quickly, but it isย likely aย factor in victim selection for the criminals,โ€ said Chester Wisniewski, field CTO, Sophos.

For the education sector, the root causes of ransomware attacks wereย similar toย those across all sectors, but there was a significantly greater number of ransomware attacks involving compromised credentials for both higher and lower educational organisations (37% and 36% respectively versus 29% for the cross-sector average).

Additional key findings from the report include:

  • Exploits and compromised credentials accounted for more than three-fourths (77%) of ransomware attacks against higher educational organisations; these root causes accounted for more than two-thirds (65%) of attacks against lower educational organisations
  • The rate of encryption stayed about the same for higher educational organisations (74% in 2021 versus 73% in 2022), but increased from 72% to 81% across lower educational organisations during the past year
  • Higher educational organisations reported a lower rate of using backups than the cross-sector average (63% versus 70%). This is the third lowest rate of backup use across all sectors. Lower educational organisations, on the other hand, had a slightly higher rate of using backups than the global average (73%)

โ€œAbuse of stolen credentials is common across sectors for ransomware criminals, but the lack of adoption of multifactor authentication (MFA) technology in the education sector makes them even more at risk of this method of compromise. Like the U.S. federal governmentโ€™s initiative to mandate all agencies use MFA, it is time for schools of all sizes to employ MFA for faculty,ย staffย and students. It sets a good example and isย a simple wayย to avoid many of these attacks from getting in the door,โ€ said Wisniewski.

Sophos recommends the following best practices to help defend against ransomware and other cyberattacks:

  • Strengthen defensive shields with:
    • Security tools that defend against the most common attack vectors, includingย endpoint protectionย with strong anti-exploit capabilities to prevent exploitation of vulnerabilities, andย Zero Trust Network Accessย (ZTNA) to thwart the abuse of compromised credentials
    • Adaptive technologies that respond automatically to attacks, disrupting adversaries and buying defenders time to respond
    • 24/7 threat detection,ย investigationย and response, whether delivered in-house or by a specialistย Managed Detection and Responseย (MDR) provider
  • Optimise attack preparation, including making regular backups, practicing recovering data fromย backupsย and maintaining an up-to-date incident response plan
  • Maintain good security hygiene, including timely patching and regularly reviewing security tool configurations

To learn more about the State of Ransomware in Education 2023, download the full report fromย Sophos.com.

The State of Ransomware 2023 survey polled 3,000 IT/cybersecurity leaders in organisations with between 100 and 5,000 employees, including 400 from the education sector, across 14 countries in the Americas, EMEA and Asia Pacific. This includes 200 from lower education (up to 18 years) and 200 from higher education (above 18 years) and both public and private sector education providers.

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Sophos is a worldwide leader and innovator of advanced cybersecurity solutions, including Managed Detection and Response (MDR) and incident response services and a broad portfolio of endpoint, network,ย email, and cloud security technologies that help organisations defeat cyberattacks. As one of the largest pure-play cybersecurity providers, Sophos defends more than 500,000 organisations and more than 100 million users globally from active adversaries, ransomware, phishing, malware, and more. Sophosโ€™ services and products connect throughย itsย cloud-based Sophos Central management console and are powered byย Sophos X-Ops, the companyโ€™s cross-domain threat intelligence unit. Sophos X-Ops intelligence optimises the entire Sophos Adaptive Cybersecurity Ecosystem, which includes a centralised data lake that leverages a rich set of open APIs available to customers, partners, developers, and other cybersecurity and information technology vendors. Sophos provides cybersecurity-as-a-service to organisations needing fully-managed, turnkey security solutions. Customers can also manage their cybersecurity directly with Sophosโ€™ security operations platform or use a hybrid approach by supplementing their in-house teams with Sophosโ€™ services, including threat hunting and remediation. Sophos sells through reseller partners and managed service providers (MSPs) worldwide. Sophos is headquartered in Oxford, U.K. More information is available atย www.sophos.com.

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