Compliance with the Gramm-Leach-Bliley Act (GLBA) has been required of colleges and universities for nearly 20 years. However, audit and enforcement of GLBA requirements for Higher Education hasn’t been a focus of the United States Office of Management and Budget (OMB) until recently. The OMB has included audit objectives for higher educational institutions for compliance with the Safeguards Rule in the Single Audit Compliance Supplement for 2019. The regulation applies to how institutions collect, store, and use student financial records (e.g., records regarding tuition payments and/or financial aid) containing personally identifiable information (PII). The requirements involve protecting this PII by implementing certain preventative, detective, and corrective IT security safeguards.
Please join our higher education industry group and IT compliance team leaders as we share case studies from the field and discuss what GLBA is, why it applies to you, and how to comply.
1 CPE Credit
