How GLBA and Hipaa requirements align with Information Systems Security?
Provide administrative, physical, and technical safeguards to ensure compliance with the HIPAA Security Rule. Safeguard against anticipated threats to the security or integrity of protected electronic data.
What does Glba have to do with information security Glba?
The Gramm-Leach-Bliley Act requires financial institutions – companies that offer consumers financial products or services like loans, financial or investment advice, or insurance – to explain their information-sharing practices to their customers and to safeguard sensitive data.
What the GLBA and Hipaa privacy rules have in common?
HIPAA protects a patient’s healthcare information, SOX protects financial information of public companies, and GLBA protects the data of financial institution customers. However, they all share a unified goal: keeping sensitive data secure.
Why are mortgage brokers regulated under the GLB Act?
The stated purpose of the G-L-B Act and the FTC’s Final Rule is to ensure that financial institutions respect the privacy of their customers and protect the security and confidentiality of “nonpublic personal information.” The definition of a financial institution has been broadly interpreted and will, in most cases.
What is SPF referring to under GLB?
Think SPF… Safeguarding. Pretexting. Financial privacy.
What type of information is protected by GLBA?
nonpublic personal information
What is the Financial Privacy Rule?
Under the law, agencies enforce the Financial Privacy Rule, which governs how financial institutions can collect and disclose customers’ personal financial information; the Safeguards Rule, which requires all financial institutions to maintain safeguards to protect customer information; and another provision designed …
Who does the red flag rule apply to?
The Red Flags Rule requires that each “financial institution” or “creditor”—which includes most securities firms—implement a written program to detect, prevent and mitigate identity theft in connection with the opening or maintenance of “covered accounts.” These include consumer accounts that permit multiple payments …
What if a bank violates your privacy?
What if you think your privacy rights were violated? You can make a complaint under the California law to the California Attorney General or to a state or federal agency that regulates financial companies. The agency may investigate your complaint and may take action against the financial company.
Who must comply with the Privacy Act?
The Privacy Act applies only to U.S. citizens and aliens who are lawfully admitted for permanent residence in the United States. It applies only to personal information maintained by agencies in the Executive Branch of the Federal Government.