Cyber-attacks have been making headlines after massive data breaches at Fortune 500 companies. According to a recent report by the Business Continuity Institute[1] and the British Standards Institution, nearly nine in 10 businesses worldwide are worried about the threat of cyber-attacks.

Recently, the panic has spread to educational institutions. Unfortunately, schools, colleges and universities are perfect targets, often possessing out-of-date security systems and a wealth of sensitive, monetizable student data. According to the Wall Street Journal[2], cyber attackers have struck more than three dozen schools this year, including recent...

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About the Author:

John Lenckos is senior vice president, Specialized Industries, Bank of America Merrill Lynch.