Payment Card Industry Data Security Standard

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The Family Educational Rights and Privacy Act (FERPA) is a federal law of IT governance in the United States that safeguards the data and privacy of students’ education records. It gives them and parents control over the education records and restricts educational institutes from revealing personally identifiable information in the education records.

Here are the top FERPA IT compliance regulation requirements:

• Perform mandatory FERPA training for administrators, teachers, or other school officials
• Remind students of their rights annually
• Give consent that allows parents or eligible students to view records at any time
• Protect students’ personally identifiable data

Being one of the most targeted industries among hackers, the finance software domain invites stricter restrictions from regulatory compliance compared to what is imposed on other industries. Here is the list of compliance in the finance industry that should be followed by businesses in this sector.

The Gramm-Leach-Bliley Act (GLBA) applies to every financial institution that offers financial or investment advice, insurance, or loans to their clients. This compliance in the insurance industry mandates institutions to reveal how they protect customers’ information and what information-sharing policies have they put in place.

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