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Gramm-Leach-Bliley Act
Gain customer confidence through safeguarding data Title V–Privacy of the Gramm-Leach-Bliley Act of 1999 (GLBA) requires banks, insurance companies, brokerages, credit card companies and other financial businesses to establish safeguards to ensure the confidentiality and integrity of personal customer information and financial data. Also known as the Financial Services Modernization Act, GLBA, establishes the regulatory response to the security risks associated with the growth and reliance of electronic records, online banking, and e-commerce. Failure to comply with GLBA can result in the forced shutdown of operations until adequate compliance procedures have been implemented. Alternatively, companies that fail to comply with the GLBA can face regulatory agency fines, and/or suspension of an institution's charter. Amper professionals are experienced in assisting clients in designing controls that enable them to comply with the provisions of GLBA and any other related regulatory requirement pertinent to your company's specific regulatory environment. Contact: Scott Mahoney and Ron Murad |
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