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This week we’re sharing a conversation from last month’s The PIE webinar, hosted by Beth Kennedy, Editor at The PIE, and featuring the University of Denver’s Janet Burkhardt alongside Convera’s Head of Content Alex Lawrence. They delve into the escalating cyber threats faced by higher education institutions, particularly focusing on the rise of sophisticated fraud tactics such as ghost students and identity theft. They also discuss the vulnerabilities in international payment systems and the importance of robust data protection strategies. They emphasize the need for comprehensive staff training, collaboration across departments, and the role of technology providers in enhancing cybersecurity measures. Lastly, the discussion highlights quick wins that institutions can implement to bolster their defenses and the critical importance of governance in creating resilient institutions. Chapters 00:00 Introduction to Cyber Threats in Higher Education 02:02 Understanding Ghost Students and Identity Theft 07:53 Emerging Vulnerabilities in International Payments 11:11 Underestimating Risks in Higher Education 17:34 Robust Data Protection Strategies for 2025 20:52 Building Secure Payment Ecosystems 25:01 The Role of Staff Training in Fraud Prevention 31:35 The Role of AI in Fraud Detection 36:14 Building Resilient Institutions 40:21 Quick Wins for Cybersecurity 43:28 Trusting Your Instincts in Fraud Prevention 46:17 Prioritizing Cybersecurity Investments 50:48 Communicating Data Privacy to Students 53:10 Evaluating Third-Party Cyber Risks 56:15 Key Takeaways and Final Thoughts Looking for more episodes? Visit convera.com/podcast. Disclaimer: Converge is Convera’s podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.