|
|
|
Date Submitted:
08/05/05
Hits: 55 Rating:  based on 0 votes
The Gramm-Leach-Bliley Act (G-L-B) versus Best Practices in Network SecurityAdded by Papergrl
Description:
The G-L-B act, signed into law by President Clinton on November 12, 1999, is a sweeping piece of legislation containing 7 titles and 740 sections. It affects all financial institutions in areas from fair treatment of women by financial advisors, to the rescission of Glass-Steagall.1 But the section that is currently getting the most attention is Title V, section 502, entitled "Obligations with respect to disclosures of personal information." Most everyone has by now received a notice from your bank, brokerage firm or insurance company explaining their position on privacy as it relates to your personal information. Most people will probably give the notice only a passing glance, and throw it away. I would advise you to read it carefully, though. The law provides that most larger financial institutions allow for an "opt-out" provision to be made available. Often, in order to opt-out of information sharing you must either sign and return something, or call them.
Read the Complete Paper You don't have permission to post replies. Please login or register. |