Gramm-Leach-Bliley Safeguard Rule

Implement Gramm-Leach-Bliley Compliance for all users of Microsoft Office Documents and Web based applications.

Gramm-Leach-Bliley Act: The Safeguards Rule
The Gramm-Leach-Bliley Safeguard Rule requires financial institutions to have a security plan to protect the confidential integrity of personal consumer and customer information.
1.1.1 Scope
The Standards for Safeguarding Customer Information or the Safeguards Rule is intended to protect the security and confidentiality of customer records and information and to protect against unauthorized access to or use of financial records or information.
1.1.2 Responsibilities
Specifically, 16 CFR 314.4 (b) of the final rule requires financial institutions, and others managing consumer financial information, to "Identify reasonably foreseeable internal and external risks to the security, confidentiality, and integrity of customer information that could result in the unauthorized disclosure, misuse, alteration, destruction or other compromise of such information, and assess the sufficiency of any safeguards in place to control these risks." The act recognizes that the proper disposal of information containing consumer information is central to preventing identity theft and other crimes.
1.1.3 Terms of reference
A term defined in the Bank Holding Company Act of 1956 as an institution that is significantly engaged in financial activities…". (12 U.S.C. 1843(k)). This includes

  • Preparers of income tax returns

  • Consumer credit reporting agencies and credit counseling services

  • Real estate transaction settlement services

  • Debt collection agencies

In addition to the direct providers of those services, any organization that receives data from those providers must also comply with Gramm-Leach-Bliley requirements
 

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Contact us and we will send you the Gramm-Leach-Bliley Safeguards Rule White Paper and Specifications Guidelines.

 

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