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GLBA Overview
GLBA is also known as The Financial Modernization Act of 1999. As per Section 501 of the Gramm-Leach-Bliley Act (GLBA), standards issued by the government regulatory agencies, requires financial institutions to protect the confidentiality, privacy and security of customer records and information. Banks, securities firms, insurance companies that provide financial products and services to consumers, lending firms, loan brokering or servicing firms that provide financial advice or credit counseling, etc., need to comply with GLBA. Regulatory compliance has become the norm for financial institutions to meet the challenges of the burgeoning data security and compliance risks. Tactful operational risk management approach is no longer the best practice, but a legal mandate.
Banks are challenged to manage their risks while providing valuable services to their customers. Already overburdened with staffing and budgetary constraints, these venerable institutions are looking for ways to improve their services, limit their risks, and do so while improving their bottom line. Secure DNA Consulting provides cost-effective solutions by providing knowledge, resources, and managed services to help banks increase their security while improving the quality of their services, and providing greater customer satisfaction. |
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Hawaii Gramm-Leach-Bliley Act - GLBA
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