The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, changed the way in which banks, securities companies, and insurance companies can merge and do business. What it also did was to give businesses a new and greater duty to protect nonpublic information.
If you are involved in the financial services industry, you may be required to send privacy notifications to your customers as well as ensure that their personal data is secure. Another requirement is to have a written plan of action detailing the preparations you have taken to protect your customers’ data, as well as how you plan to continue protecting it. At Guidance Consulting, we can work with you to develop this plan and implement it with the highest level of security procedures. We will also test your system security and help you to monitor it to ensure that the data you hold is protected.
To help you meet your compliance needs, we can:
Automate your notification system Secure your customer data Perform tests on your security to make sure there are no weaknesses Help you plan for your future IT security needs Work with you to formulate a plan of action in the event of a breach Monitor and update your security procedures
Compliance may not be an option, but you can choose the most efficient methods to ensure you are on the right side of the law. We understand the complexities of these regulations, as we can implement the best means to integrate your data and notification requirements with innovative technology and solutions.