Which U.S. Federal law requires financial institutions that offer consumers financial products or services to protect their customers' private information?
A.
Payment Card Industry Data Security Standard (PCI DSS)
B.
Federal Information Security Management Act of 2002 (FISMA)
C.
Health insurance Portability and Accountability Act of 1996 (HIPAA)
The Gramm-Leach-Bliley Act (GLB Act or GLBA), also known as the Financial Modernization Act of 1999, is a federal law enacted in the United States to control the ways financial institutions deal with the private information of individuals
According to CHFI V10 pg. 77, Enacted in 1999, Gramm–Leach–Bliley Act (GLBA) requires financial institutions-companies that offer consumers financial products or services such as loans, financial or investment advice, or insurance-to explain their information-sharing practices to their customers and to safeguard sensitive data. The objective of the GLBA is to ease the transfer of financial information between institutions and banks while making the rights of the individual through security requirements more specific.
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