What is the GLBA?
The Gramm-Leach-Bliley Act or GLBA is also known as the Financial Modernization Act of 1999. The GLBA requires companies defined under the law as “financial institutions” to ensure the security and confidentiality of consumer’s financial information. As part of its implementation of the GLBA, the Federal Trade Commission (FTC) issued the Safeguards Rule, which requires […]
