Section 501(b) of the 1999 Gramm-Leach-Bliley Act (GLBA) requires financial institutions to protect the security and confidentiality of financial institution customers' non-public personal information effective July 1, 2001. (Refer to FIL-22-2001, dated March 14, 2001.)
The Gramm-Leach-Bliley Act (GLBA) aims to protect consumers’ personal financial information by holding the financial institutions who collect and store that data accountable for its security.
Bancsec enables you to:
- Safeguard your customers’ and your institution’s sensitive information
- Consider known and foreseeable security threats and vulnerabilities
- Take diligent steps to avoid future security or data breaches
Our GLBA review assessments prepare your bank to meet GLBA regulatory mandates.
- Reduce risk of fraud due to unauthorized system access
- Reduce reputational or liability risk associated with breach of customer information