Gramm-Leach-Bliley Act (GLBA)

Final
Requires financial institutions to explain their information sharing practices to their customers and to safeguard sensitive data. GLBA section 501(b) adds standards for financial institutions in administrative, technical and physical safeguards for the following reasons:

  • To ensure the security and confidentiality of customer records and information 
  • To protect against any anticipated threats or hazards to the security or integrity of records
  • To protect against unauthorized access to or use of such records or information which could result in substantial harm or inconvenience to any customer
Created By: Venminder Inc 08-13-2019
Last Updated By: Venminder Inc 08-13-2019
0 comments
0 Views
0 revisions
 

Permalink

https://www.thirdpartythinktank.com/glossary/gramm-leach-bliley-act-glba

Related Links

No Related Resource entered.