
Understanding Gramm Leach Bliley (GLBA) Compliance and Personally Identifiable Information
What is the Gramm-Leach-Bliley Act? The Gramm-Leach-Bliley Act (GLBA) is a law that requires all financial institutions in the United States to safeguard their consumers’ sensitive data. GLBA applies to financial institutions such as organizations that offer financial or investment advice, provide consumer loans, or process consumer financial information. Regardless of the type of institution, under the Safeguards Rule, GLBA lays out four techniques that all financial institutions must follow in…