Compliance: The Gramm-Leach-Bliley Act of 1999

Overview

The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, was enacted in part to protect consumers' private financial information. It allows consumers to control the use of their private information and to secure and protect that information from unauthorized use or access. With identity theft, "phishing," "pharming," and other highly publicized examples of large scale financial information theft and abuse receiving attention, companies of all sizes are under increasing scrutiny regarding their compliance with GLBA.