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Since universities were some of the first movers to the internet, there's a lot of legacy stuff holding them back. When you add in the sheer size and the lack of centralized power (which the author has talked about[1]), I'm definitely not surprised.

[1]: https://utcc.utoronto.ca/~cks/space/blog/tech/UniversityMone...

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This is changing rapidly and in significant ways, at least in the US

There's a lot of requirements that apply to institutions as a whole to clean up their acts and mature a lot of their security processes to even be eligible for grants. A lot of the wild west days are coming to an end, and I've seen a push in several institutions to wrangle unit-level IT groups into one massive IT organization for their entire campuses. Not only is there a lot of security vulnerability there, but it's also a huge cost center that can be squeezed to flatten the curve of tuition, but not have to reduce the salary of three dozen associate deans

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