Gramm-Leach-Bliley Act of 1999

The GLB Act mandates that financial institutions that obtain nonpublic personal information through the normal course of their business must develop precautions to ensure the security and confidentiality of customer records and information, and to protect against unauthorized access to or use of such records. This includes secure storage, disposal, and sharing of confidential information. Who must comply with the Gramm-Leach-Bliley Act? Banking and credit issuing agencies, the insurance industry, stocks, bonds, and investment companies, financial service providers and more.

Click on the link below for more information.

http://www.ftc.gov/privacy/privacyinitiatives/financial_rule.html