University Business - July/August 2011 - (Page 82)
Thwarting
What most colleges and universities aren’t doing to avoid identity theft and fraud—but should be.
A
By Kristen Domonell
merican colleges and universities are breeding grounds for innovative ideas and open information sharing. Pair that with a large number of systems on a given network and a vulnerable student population with fresh credit and you’ve got an appealing target for identity thieves. “in my opinion, the college and university crowd is probably at the highest risk of any age population,” says John sileo, an identity theft expert and speaker and founder of the sileo group. His reasoning? students are just coming into their own in terms of having credit, and colleges and universities host “incredibly private” information, like social security numbers and financial records. despite the need for awareness, sileo says, institutions of higher education are generally not his main audience because, “unfortunately, a lot of the universities aren’t there yet. the progressive universities are there; they understand that information is power and that these students are being raised in a world where the main currency now is information. so it’s relatively easy to work for those types of universities that get that. it’s more difficult to get engagements with universities who still sort of have their heads in the sand.” in 2010, 8.1 million u.s. adults were victims of identity fraud, according to the Javelin strategy & research 2011 identity Fraud survey report. that’s 3.5 percent of the u.s. population losing an average of $4,607 and 33 valuable hours. the educause Higher education information security council (Heisc) is one resource that aims to get college and university leaders paying attention to the threats. david g. swartz is an Heisc co-chair and assistant vP and cio at American University (d.c.). Formed in July 2000, the Heisc helps 2,000 cios and information security managers, primarily in north america, address their security concerns, explains swartz, pointing out that colleges and universities are more difficult to protect than, say, a corporation. “We have a very open kind of climate,” says swartz. “one of the challenges is, how do you balance the kind of openness you want with the type of controls you have to put in place to protect your information and your community? it’s a very difficult
82 | January 2011
universitybusiness.com
Table of Contents for the Digital Edition of University Business - July/August 2011
University Business - July/August 2011
Contents
Editor's Note
Ad Index
College Index
Behind the News
Sense of Place
Viewpoint
Financial Success
Money Matters
Community Colleges
Funding Capture
Models of Efficiency
Thwarting ID Thieves
Embezzlement Epidemic
What's New
End Note
University Business - July/August 2011
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