Gramm-Leach-Bliley Act (GLBA) Privacy Requirements

Federal and state regulatory agencies are focused on the actions of financial institutions and financial technology companies (fintech), with an emphasis on data privacy. Existing laws and regulations generally require institutions to have reasonably designed policies and procedures to protect client information and detect and prevent identity theft and mitigate the risk of information security breaches. Understand your privacy and data security requirements with this practice note.

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Related Content        

• Information Security Policy
  Review this template to aid in the development of a policy to ensure the security and confidentiality of customer information entrusted to the bank and protect against any reasonably anticipated threats or hazards to the security or integrity of information systems.

• Third-Party Disclosure of Personal Data Key Federal Laws
  Access this practice note to gain an overview of federal laws that regulate third-party disclosure of personal information. Practitioners will be aided by these federal laws addressing the disclosure of personal information in the financial industries, as well as the disclosure of personal information by state and federal agencies.

• Records Destruction and Data Retention Policy
  Explore the regulatory recordkeeping obligations for financial services firms to ensure personal and confidential customer information is properly protected and destroyed at such times as appropriate or otherwise required by law.

• Data Breach Avoidance and Response Plan Checklist, Responding to a Data Breach Checklist (Financial Institutions), and Financial Privacy Regulation Compliance Checklist
  Review these key checklists for in-house counsel seeking to develop and maintain a compliant risk management framework, reasonably designed to protect and secure customer nonpublic personal information.

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