Automate and simplify GLBA compliance using DataSecurity Plus
The Gramm-Leach-Bliley Act (GLBA)—also known as the Financial Services Modernization Act—mandates the standards that financial institutions, such as commercial banks, security firms, insurance companies, and credit unions, need to follow to ensure the confidentiality and security of their customers’ financial records and personal information. Failure to comply can result in dire consequence for businesses, including imprisonment of directors and officers for up to five years, penalties up to $100,000 per violation, or both.