The Gramm Leach Bliley Act, enforced by eight
federal agencies and states, sets guidelines for protecting
consumer information. This initiative affects companies that are
significantly engaged in financial activities which includes
all non-bank mortgage lenders, some
insurance companies, estate planners, tax advisors and more.
If you have not appointed an internal security
officer and have a security document outlining your policies,
YOU ARE NONCOMPLIANT!
Colada Systems can assist your company with establishing a
compliant security policy along with an effective and more
secure business process.
Outsourcing
Get Help From Professionals
Ensure your process built on clearly
defined and enforceable policies to minimize the threat of a
security breach.
A significant percentage of information
loss can be attributed to
Penalties
The FTC Zealously Enforces GLB
The penalties for noncompliance are severe. GLB fines can
exceed $100,000 and company officers can be fined $10,000
for violations.
In addition, the license
to operate can be revoked or suspended for excessive
compliance violations.
