Modernization Act of 1999, also known as the "Gramm-Leach-Bliley Act"
or GLB Act, includes provisions to protect consumers' personal financial
information held by financial institutions.
The University of
North Florida must comply with GLB's safeguarding regulations, based on GLB's
final rules on Safeguarding Customer Information which do not exempt
educational institutions and require them to adopt an information security
program. Key compliance requirements include designating an employee to
coordinate an information security program, identifying risks to the security
of customer information (including a risk assessment of computer information
systems), and contractually requiring service providers to implement and
Note that colleges
and universities are deemed to be in compliance with the privacy provisions of
the GLB Act if they are in compliance with the Family Educational Rights and
Privacy Act (FERPA). However, higher education institutions are still subject
to the provisions of the GLB Act related to the administrative, technical, and
physical safeguarding of customer information.
To comply with GLB:
Learn more from the Federal Trade Commission website.
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