White Papers for Gramm Leach Bliley Act (GLBA)

Gramm-Leach-Bliley Act and the FTC Safeguards Rule

Clayton State University

The Gramm-Leach-Bliley Act (GLBA) requires "financial institutions" as defined by the Federal Trade Commission (FTC), to protect and secure customer information such as names, social security numbers, addresses, account and credit card information. The GLBA sets forth extensive privacy rules which the University is deemed to be in compliance with because of its adherence to the provisions of the Family Education Rights and Privacy Act (FERPA). The Safeguards Rule requires financial institutions to secure customer information. It requires the University, as a financial institution, to develop a written information security plan that describes its program to protect customer information.

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