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Compliance with GLBA (Gramm-Leach-Bliley)


Financial institutions and firms dealing with activities involving banking, investment, tax planning, insurance, and others must comply with the GLBA, or the Gramm Leach Bliley Act. GLBA is relevant for numerous financial institutions such as banks, thrifts, credit unions, as well as insurance firms.


Any firm dealing with financial activities such as mortgage lending, credit card activities, insurance sales involving underwriters and agents, tax planning and preparation services, investment advice, and securities brokerage activities, come under the GLBA protection. Compliance to the GLBA ensures that these transactions and financial dealings remain secure and there are no illegal activities registered.


The privacy controls of GLBA incorporate within its purview a wide range of non-public personal information and personally identifiable financial information. Using our remote back up system helps institutions comply with the GLBA protection and secure the personal financial data that they deal with. Our service alleviates security concerns by encrypting and storing the data off-site or even off-continent.


For more information regarding the Gramm-Leach-Bliley act see the Federal Trade Commission and the Wikipedia entry on it.


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