The main focus of the GLBA is to expand and tighten consumer data privacy safeguards and restrictions. The primary concern, related to the GLBA, of IT professionals and financial institutions is to secure and ensure the confidentiality of customers’ private and financial information. Maintaining GLBA compliance is critical for any financial institution, as violations can be both costly and detrimental to continued operations.
Our team has worked with clients on emerging laws and regulations restricting the use and disclosure of personal financial information at virtually all levels: in the legislative arena, the rule making process, and the implementation of company privacy and security policies and practices.
If you provide financial products or services to consumers, you need to comply with the GLBA. We’ve put together this GLBA compliance reports checklist to help you meet the regulatory requirements.