GRAMM-LEACH-BLILEY ACT (GLBA) TRAINING

GRAMM-LEACH-BLILEY ACT (GLBA) TRAINING

This financial privacy training video (~4.5 minutes) discusses the Gramm-Leach-Bliley Act (GLBA) – scope, notice, confidentiality, data sharing, and security. The video also explains why protecting the privacy and security of financial data is important.

Topics covered include:

• Identity Theft: Why Protecting Financial Data Matters
• Background About GLBA
• GLBA’s Scope
• Non-Public Personal Information
• Notice Requirements
• Confidentiality
• Data Sharing
• Safeguards Rule

Training under GLBA is required via its Safeguards Rule, 16 CFR 314.4.  The training requirement is rather vague, but interagency guidance recommends that organizations should: “Train staff to recognize and respond to schemes to commit fraud or identity theft, such as guarding against pretext calling; Provide staff members responsible for building or maintaining computer systems and local and wide-area networks with adequate training, including instruction about computer security; and Train staff to properly dispose of customer information.”