GLBA

Another compliance law for financial institutions, the Gramm-Leach-Bliley Act (GLBA) requires you to have a comprehensive written security program that incorporates administrative, technical and physical safeguards appropriate to the size and complexity of the bank, and the nature and scope of its activities. How do you know what’s “appropriate?” That’s the benefit of having a knowledgeable team like LBMC Security Services because our experience lends to a better understanding of GLBA and its enforcement.

GLBA also requires financial institutions to go beyond the written page for compliance proof—you must evaluate, adjust, test and monitor to ensure your customer information is secure and confidential, protected against any anticipated security or integrity threats or hazards, and protected against unauthorized access to or use of customer information. Putting that into action requires financial institutions to regularly test your information safeguards, evaluate network and software designs, educate employees and oversee service providers.