Gramm-Leach-Bliley Act (GLBA)
In-Kind Grant

Prepare for the most significant cybersecurity change in 20 years
to the Gramm-Leach-Bliley Act (GLBA) Safeguards Rule.

 

Eligible Award Amount: Up To $50,000
Application Deadline: June 30, 2022

What

Congress enacted the Gramm-Leach-Bliley Act (‘‘GLB’’ or ‘‘GLBA’’) in 1999. The Act is intended to provide strong privacy and security requirements for all institutions that deal with financial information, with the ultimate goal of protecting the customers and their data. This regulation has been the driver of information security policy at most financial institutions for the last 20 years. The most recent amendment brings major changes to the regulation that must be instituted by December 2022.

Why

The GLBA applies to all U.S. financial institutions and impacts all types of organizations that handle the personal financial information of their customers, including educational institutions. The GLBA amendment was issued as a Final Rule by the Federal Trade Commission (FTC) on December 9th, 2021, and the new provisions in part 314.5 will be applicable December 9th, 2022. Schools without prescribed GLBA safeguards may be found administratively incapable (unable to properly administer Title IV funds) by the Department of Higher Education.

How

Campus Consortium offers an In-Kind Grant to qualified educational institutions for a “GLBA Compliance Assessment and GLBA Mitigation.” The consortium has partnered with OculusIT, an EdTech company with a long history of providing secure technology solutions and services for the education sector. The intent of this In-Kind Grant from the consortium is to subsidize the cost for services that provide assessment, intervention, and corrective action that bring the educational institution into GLBA compliance.

WHO CAN APPLY?

  • Accredited Higher Education institutions are eligible to apply.
  • Applicants should indicate the challenges the solution aims to solve and why the grant would be helpful to the institution.
  • Institutions are eligible to apply for multiple grants. Separate applications are required for each grant pursued.


GRANT APPLICATION DATES AND DEADLINES

  • Grant Application Submission – Applications will be accepted until – June 30, 2022
  • Campus Consortium intends to announce Grant Awardees by July 7, 2022
  • (For Shortlisted Applicants) Grant Assessment & Technical Due Diligence Interview – July 14,15,18 2022
  • (For Awardees) Grant Award Package Walkthrough – July 25,26,27 2022
  • (For Awardees) Grant Award Master License and Services Agreement – August 1,2,3 2022
  • (For Awardees) Grant Award Statement of Work/SOW – August 8,9,10 2022
  • Grant Project Kickoff – August, September 2022

(Find out more about Campus Consortium In-Kind Grants or email info@campusconsortium.org)

Gramm-Leach-Bliley Act (GLBA)
In-Kind Grant

 Prepare for the most significant cybersecurity change in 20 years to the Gramm-Leach-Bliley Act (GLBA) Safeguards Rule.

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