GLBAManaged IT Compliance
Gramm Leach Bliley Act Compliance Services
Accordion Title Text Here
If you happen to run into this portion of our webpage, please excuse us! This section is intended for search purposes only 🙂
nashville managed it services managed services msp
If you’re looking for Nashville Managed IT Services near me, then you’ve found the right place!
ImageQuest offers GLBA readiness assessment services to minimize the risk that your organization will be subject to noncompliance penalties. ImageQuest will perform an assessment to determine your organization’s ability to comply with the information protection and security standards as defined in the GLBA. ImageQuest will issue a report following the readiness assessment which will include any gaps identified during the assessment, and recommendation to remediate the gaps identified.
Frequently Asked Questions
WHAT IS GLBA IN BANKING?
Gramm-Leach-Bliley Act. 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 IS GLBA COMPLIANCE?
To be GLBA compliant, financial institutions must communicate to their customers how they share the customers’ sensitive data, inform customers of their right to opt-out if they prefer that their personal data not be shared with third parties, and apply specific protections to customers’ private data in accordance with a written information security plan created by the institution.
GLBA COMPLIANCE CHECKLIST
The GLBA Safeguards Rule requires companies to develop a written information security plan that describes how their program protects customer information. The plan must be appropriate to the company’s size and complexity, the nature and scope of its activities, and the sensitivity of the customer information it handles. As part of its plan, each company must:
1. Designate one or more employees to coordinate its information security program;
2. Identify and assess the risks to customer information in each relevant area of the company’s operation, and evaluate the effectiveness of the current safeguards for controlling these risks;
3. Design and implement a safeguards program, and regularly monitor and test it;
4. Select service providers that can maintain appropriate safeguards, make sure your contract requires them to maintain safeguards, and oversee their handling of customer information; and
5. Evaluate and adjust the program in light of relevant circumstances, including changes in the firm’s business or operations, or the results of security testing and monitoring.