GLBA Compliance: Why Employee Training Matters
In the regular course of business, organizations collecting consumers’ financial information will often share it with their affiliates and other companies. Doing this legally and responsibly means following GLBA requirements. Achieving GLBA compliance requires employee training.
Safeguarding this sensitive information from cyber and other threats brings us to the Gramm-Leach-Bliley Act (GLBA). Congress passed the GLBA to protect consumers in this equation by requiring companies to safeguard their data. Gramm-Leach-Bliley Act (GLBA) to protect consumers in this equation.. The GBLA requires companies providing financial services to safeguard customer information.
The GLBA is one of the most popular regulatory compliances governing the financial services sector. And if you’re involved in offering customers financial products and utilizing third-party vendors’ services, the GLBA is something you need to be aware of. The key to GLBA compliance is employee training