The NSW Auditor-General conducted a review of ten NSW universities and has issued his findings as part of his Volume 2 Report. The audit found that NSW universities are generally in a sound financial position and performed well over the past year.
However there are emerging financial pressures for universities including uncertainty over the impact of Australian government reforms that need to be closely monitored and addressed. The Audit Report recommended that Universities must have strategies to ensure emerging financial pressures are closely monitored and addressed to ensure sustainability. It also recommended that strategies for the quality of financial reporting need to remain high.
Of concern, the Audit found that strategies for information security still continue to remain a challenge. These issues are exposing universities to security attacks, data integrity issues, fraud and identity theft.
Centium has decades of practical experience in assessing and helping to improve the information and IT security and privacy capabilities of universities and other entities in the education sector. In fact members of our security specialist team operated as Information / IT Security Directors and Managers for various higher education entities.
From technical security assessments, to vulnerability scans, to ISO 27001 Information Security Management Systems to PCI DSS compliance reviews, Centium is able to assist universities and higher education institutions with their information security and privacy needs.
Contact us for further information about your information security and privacy needs or to find out how Centium can help you to monitor and manage emerging financial risk; particularly in the higher education sector.