GLBA Privacy Safeguards

Any organization that collects personal information about a client is subject to the Gramm-Leach-Bliley Act (GLBA).  All companies "significantly engaged in activities that are financial in nature" are subject to GLBA and the attendant Privacy and Safeguards Rules, including auto dealerships, banks, credit unions, insurance companies and investment institutions.
There are three disclosures that must be made to consumers and customers under the GLBA: initial, opt-out and annual. Usually all three are covered in a single privacy policy document.
Use the Compli GLBA Privacy Program to:
  • Help your organization develop an appropriate privacy policy, with initial, opt-out and annual components, and distribute that information to the employees who need to understand what is required and what to do when a customer asks about it
  • Mitigate risk from data security and integrity threats by complying with GLBA rules