Which term regulates privacy and security of personal information?

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Multiple Choice

Which term regulates privacy and security of personal information?

Gramm-Leach-Bliley Act regulates privacy and security of personal information. This law requires financial institutions to protect nonpublic personal data and to clearly disclose how that information may be shared with others, while also mandating safeguards to safeguard customer data. The Financial Privacy Rule addresses disclosures and opt-out rights, and the Safeguards Rule requires a written information security program to protect data from breaches and misuse. Because it directly tackles both how personal information is handled and how it is protected, GLBA is the specific regulatory term that covers privacy and security in this context. The other options don’t describe a regulatory framework: one is a generic term, another refers to a vendor category, and the last has no relevance to privacy or security regulations.

Gramm-Leach-Bliley Act regulates privacy and security of personal information. This law requires financial institutions to protect nonpublic personal data and to clearly disclose how that information may be shared with others, while also mandating safeguards to safeguard customer data. The Financial Privacy Rule addresses disclosures and opt-out rights, and the Safeguards Rule requires a written information security program to protect data from breaches and misuse. Because it directly tackles both how personal information is handled and how it is protected, GLBA is the specific regulatory term that covers privacy and security in this context. The other options don’t describe a regulatory framework: one is a generic term, another refers to a vendor category, and the last has no relevance to privacy or security regulations.

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