Gramm-Leach-Bliley Act

Download Free How To Comply with the Privacy of Consumer Financial Information Rule of The Gramm-Leach-Bliley Act
A Guide for Small Business from the Federal Trade Commission July 2002 The Gramm-Leach-Bliley Act seeks to protect consumer financial privacy. Its provisions limit when a "financial institution" may disclose a consumer's "nonpublic personal information" to nonaffiliated third parties. The law covers a broad range of financial institutions, including many companies not traditionally considered to be financial institutions because they engage in certain "financial activities."

Download Free Gramm-Leach-Bliley Act Information Security Program Templates. This templates covers:

1. Risk Identification and Assessment.
The Institution intends, as part of the Program, to undertake to identify and assess external and internal risks to the security, confidentiality, and integrity of nonpublic financial information that could result in the unauthorized disclosure, misuse, alteration, destruction or other compromise of such information. In implementing the Program, the Program Officer will establish procedures for identifying and assessing such risks in each relevant area of the Institution's operations, including:

The Gramm-Leach-Bliley Act (GLBA) was enacted by the United States government in 1999. GLBA, also known as the Financial Services Modernization Act of 1999, protects the privacy and security of private financial information that financial institutions collect, hold, and process. The privacy component of this act requires financial institutions to provide customers with an annual notice of their privacy practices, and to provide them the option to direct financial institutions not to share such information.

The safeguards component of the regulation requires financial institutions to establish a comprehensive security program to