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SecureWave Sanctuary & GLBA

GLBA: The Basics

• What: Requires U.S. financial institutions to ensure for the security and confidentiality of customers records and related information
• Who: Financial institutions and organizations that work with OPM (Other People’s Money), including Colleges and Universities
• Why: Protect the security, integrity, and confidentiality of consumer information
• How: Implement and maintain appropriate administrative, physical, and technical safeguards to protect against threats or hazards to the security or integrity of customer information

Sanctuary® and GLBA Title V - Privacy

Section 501 Protection of nonpublic personal information

“(a) Privacy Obligation Policy.—It is the policy of the Congress that each financial institution has an affirmative and continuing obligation to respect the privacy of its customers and to protect the security and confidentiality of those customers’ nonpublic personal information.”

Section 501 Protection of nonpublic personal information

“(b) Financial Institutions Safeguards.—In furtherance of the policy in subsection (a), each agency or authority described in subsection 505(a) shall establish appropriate standards for the financial institutions subject to their jurisdiction relating to administrative, technical, and physical safeguards—

1. to insure the security and confidentiality of customers records and information;
2. to protect against any anticipated threats or hazards to the security or integrity of such records; and
3. to protect against unauthorized access to or use of such records or information which could result in substantial harm or inconvenience to any customer.”

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Tel: +44 (0) 1622 812333
Email: consult@bii-compliance.com