April 26, 2024
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Gramm-Leach-Bliley Act Compliance

Securanix™ offers assistance with Gramm Leach Bliley Act compliance for the financial industry.

The Gramm-Leach-Bliley Act (GLBA) of 1999 began a new era of deregulation in the financial services industry. This act permits banks, securities firms, and insurance companies to affiliate within a new financial holding company (FHC) structure and prohibits non-financial companies from owning commercial banks.

With these deregulations, keeping customer financial records confidential and secure is required for all financial institutions regardless of whether or not they form a financial holding company (FHC) structure. All types of financial institutions, whether they are banks, securities firms, or insurance companies are required to keep these customer financial records confidential and not disclose them to another financial institution or FHC.

Securanix delivers excellent value in offering the financial services industry to help identify problems with GLBA compliance and to assist with remediation measures. In addition, Securanix provides ongoing support for GLBA compliance in the realm of network security for the financial services industry.