GLBA

What is GLBA

 

The Financial Modernization Act of 1999, also known as the Gramm-Leach-Bliley Act (GLBA), is a US federal law regulating how financial institutions deal with individuals’ confidential information. GLBA is broken down into three main categories:

 

  1. The Financial Privacy Rule, which limits the collection and disclosure of private financial information.
  2. The Safeguards Rule, which requires institutions to implement security programs to protect such information.
  3. The Pretexting provisions, prohibiting the access of confidential information using false pretenses.

 

 

GLBA applies to all ‘financial institutions’; a term broadly used by the Federal Trade Commission to refer to:

 

“...companies that offer financial products or services to individuals, like loans, financial or investment advice, or insurance.”

 

 

SubRosa Cyber Solutions can assist your organization in complying, maintaining existing compliance or enhancing your information security program with GLBA in mind.

 

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Hudson, OH 44236

877-390-3950 Office