The Trump administration’s new higher education rule ties federal student loan eligibility to graduates’ earnings, pressuring college programs whose students fail to meet federal earnings benchmarks.
The Treasury Department has identified approximately $270 million in suspicious financial activity potentially linked to fraud targeting federal student aid programs, the agency told FOX Business exclusively.
Treasury’s Financial Crimes Enforcement Network (FinCEN) has referred the findings to federal investigators for further review. The referrals are part of the Trump administration’s broader effort to combat fraud and protect taxpayer dollars.
“Federal student aid is intended to expand educational opportunities, not line the pockets of fraudsters who steal from students pursuing their education and hardworking taxpayers,” Treasury Secretary Scott Bessent wrote in a statement before…
IT & DATA SECURITY (MITIGATING THE “INSIDER THREAT”)
As seen in the TD Bank case, an employee with too much “access” can sell your customer data to syndicates.
- Principle of Least Privilege (PoLP): Employees should only have access to the specific folders and databases required for their current task.
- Access Revocation: Have a “Termination Checklist” that ensures all digital access (Email, VPN, Banking) is revoked within 60 minutes of an employee resigning or being dismissed.
- System Logs & Audit Trails: Enable “Read/Write Logging” on your server. If a customer’s data is leaked, you need to know exactly which login accessed that record and at what time.
- Encryption at Rest: Ensure that sensitive files (like your customer ID numbers or payroll spreadsheets) are encrypted so that if a staff member copies them to a USB, they cannot be read.