Gramm-Leach-Bliley Act, or GLBA, is a federal regulation that requires financial institutions to safeguard sensitive customer information and clearly explain their information-sharing practices. For higher education institutions offering financial aid to students, GLBA means your institution is required to meet compliance standards for the security and protection of financial information, and to provide transparency related to how personal information is used and shared. Failure to meet these standards carries significant risk for institutions, including restrictions or loss of eligibility for Title IV funding.
In this session, we’ll share insights into the current GLBA compliance standards relevant to higher education institutions. Edge’s virtual Chief Information Security Officer will also highlight strategies for safeguarding financial information that every college and university should employ, from assessment and auditing procedures to specific cybersecurity policy to ensure compliance.