The ____ requires financial institutions to protect the confidentiality and security of customers' personal information.

Question

Quizplus · Accepted Answer

The Gramm-Leach-Billey Act, also known as the Financial Modernization Act, requires financial institutions to protect the confidentiality and security of customers' personal information by implementing appropriate security measures and complying with privacy regulations. The other acts listed focus on different areas of regulation, such as email spam (CAN-SPAM), corporate governance (Sarbanes-Oxley), and national security (Homeland Security).

The ____ Requires Financial Institutions to Protect the Confidentiality and Security