Universities may have weaker security controls than companies of the same size but offer troves of student and research info…”Katherine Mayer, associate vice president for information security at the University of Wisconsin, emphasizes, ‘The nature of higher education demands a collaborative, teaching, learning and research environment routinely based on an open, shared technology. This demand is often at odds with tight security controls. Additionally, the threat is becoming more sophisticated and agile, and the frequency of cyber attacks is on the rise. Many institutions of higher education are pursuing coverage for their cyber liability insurance to focus on catastrophic event(s) that might occur.'”
Source: Higher-Ed Cybersecurity Insurance: Are You in Good Hands?