Hackers target financial institutions more than higher education institutions, according to the report. In fact, college and university data breaches account for about one-fifth of all U.S. data losses every year.
The country’s economic downturn could be partly to blame for skyrocketing hacker attacks on colleges and universities. Only half of U.S. campuses said they would increase security spending in 2010, according to the report.
“In a world of constantly evolving threats, failure to increase database security will surely result in a higher volume of breaches,” the report said.
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