If you are a financial institution, you are required by law to comply with the Gramm-Leach-Bliley Act (GLBA) and maintain proper security controls to protect consumer financial privacy.
The Gramm-Leach-Bliley Act (GLBA), is also known as the Financial Services Modernization Act of 1999. The Gramm-Leach-Bliley Act allowed commercial banks, investment banks, securities firms and insurance companies to consolidate into a combined industry known as the “financial services” industry. Financial institutions must put in place a policy to protect consumer information from foreseeable threats to security and data integrity, and scrutinize how they manage private data with risk analysis on their current processes. Noncompliance can lead to fines of up to $100,000 per violation and imprisonment.
Intersec Worldwide has been helping financial institutions meet their business objectives and compliance requirements under GLBA for years. Our top-down, comprehensive methodology includes the utilization of business systems that assess IT-related risks to the organization, all business partners, and customers.
If you’re facing challenging compliance regulations or you’re concerned about a data breach, contact us with the information below or fill out the form on this page.
A forensics or compliance expert will get back to you as soon as possible.