News & Analysis as of

Educational Institutions Gramm-Leach-Blilely Act

Orrick, Herrington & Sutcliffe LLP

FTC asks court to approve $43.5M settlement against for-profit school

On July 29, the FTC released its complaint and stipulated order against a for-profit educational institution located in Georgia for allegedly making false or unsubstantiated representations to convince consumers to enroll in...more

Faegre Drinker Biddle & Reath LLP

U.S. Department of Education Announces Updated Data Security Expectation for Postsecondary Institutions

On February 9, 2023, the U.S. Department of Education (Department) published Electronic Announcement General-23-09 (EA) summarizing updated requirements of the “Safeguards Rule” as adopted by the Federal Trade Commission...more

Spilman Thomas & Battle, PLLC

Cybersecurity Rules and Colleges – Approaching Deadline

With only four months left before most changes to the federal Standards for Safeguarding Customer Information (“Safeguards Rule”) – a component of the Gramm-Leach Bliley Act (“GLBA”) that provides for the protection of...more

Troutman Pepper

Department of Education Announces Required Cybersecurity Updates for Postsecondary Institutions to Comply with the Safeguards Rule

Troutman Pepper on

On February 9, the U.S. Department of Education (ED) released an announcement about updates that postsecondary institutions must make to their cybersecurity and data protection policies in order to comply with the Federal...more

Faegre Drinker Biddle & Reath LLP

FTC Updates to “Safeguards Rule” Has Impacts for Higher Education Institutions

On December 9, 2021, the Federal Trade Commission (FTC) published a final rule amending the requirements for safeguarding customer information under the Gramm-Leach-Bliley Act (GLBA) (the Safeguards Rule). The Safeguards Rule...more

Saul Ewing LLP

OMB Introduces New Information Security Audit Objectives for Higher Education Institutions

Saul Ewing LLP on

The United States Office of Management and Budget (“OMB”) recently issued a Compliance Supplement for 2019 that includes, for the first time, audit objectives for colleges and universities concerning compliance with the...more

Carlton Fields

Heal Thyself: Insider Threats to Heed, Especially for Industries with Large Amounts of Personal Information

Carlton Fields on

A recent study by the Ponemon Institute found that insider threats due to malicious or negligent employees are the leading cause of private-sector cybersecurity incidents. Of the over 600 information security professionals...more

Bond Schoeneck & King PLLC

Recent U.S. Department of Education Dear Colleague Letter Raises the Bar on Standards for Protecting Federal Financial Aid Data

On July 1, 2016 the U.S. Department of Education issued a follow-up Dear Colleague Letter to the Dear Colleague Letter of July 29, 2015. This most recent letter reminds institutions of their legal obligation to protect...more

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