Gramm-Leach-Bliley Act Compliance:

Many financial institutions like banks, credit unions, and insurance companies for example must be compliant with the 1999 GLBA.

The GLBA defines “financial institutions” as: …”companies that offer financial products or services to individuals, like loans, financial or investment advice, or insurance. The Federal Trade Commission (FTC) has jurisdiction over financial institutions similar to, and including, these:

• non-bank mortgage lenders,
• loan brokers,
• some financial or investment advisers,
• debt collectors,
• tax return preparers,
• banks, and
• real estate settlement service providers.

These companies must also be considered significantly engaged in the financial service or production that defines them as a “financial institution”.

Insurance has jurisdiction first by the state, provided the state law at minimum complies with the GLBA. State law can require greater compliance, but not less than what is otherwise required by the GLBA.

Key points in regards to how Righteous Continuous Data Protection Products relate to GLBA regulations:
* Righteous CDP products encrypt data (GLBA requires all private consumer data to be protected).
* Backup and retention policies can be automated by Righteous CDP Products to automate backup and disaster recovery compliancy.
* Easy access to disk-based backup ensures auditors have quick access to data and records.
* Access to backup data is password protected.
* All backup and restore activity is logged.

Related Links:

Overview of GLBA
http://www.ftc.gov/privacy/glbact/glbsub1.htm

Disclaimer:
All information presented on this page is an overview of how our software relates to GLBA Compliancy, Righteous Software Inc. and its entities do not intend to give legal advice on this information. Please consult with your legal counsel if you have questions about your specific situation.