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GLBA Compliance

The Gramm-Leach Bliley Act

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GLBA Compliance

The Gramm-Leach-Bliley Act (GLBA, also known as the U.S. Financial Modernization Act, regulates the protection of consumer personal information held by financial institutions.

The law provides consumers with limited control over how their personal data is used and shared by these institutions, and requires companies to establish safeguards that ensure the security and confidentiality of customer records.

Organizations can receive fines of up to $100,000 per incident, fines for officers and directors of $10,000 per person, if found to not be in compliance.

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