Which of the following is covered by the Gramm-Leach-Bliley Act of 1999?
A)financial information stored by the SEC
B)records maintained by the U.S.government
C)consumer financial data stored by financial institutions
D)health data created by doctors and other health-care providers

Question

Quizplus · Accepted Answer

The Gramm-Leach-Bliley Act of 1999 specifically pertains to the protection of consumer financial data stored by financial institutions, such as banks, credit unions, and other financial service providers. It requires these institutions to provide notice to consumers about their privacy practices and provide them with the option to opt-out of sharing their personal information with third parties. The Act also imposes safeguards to protect the security and confidentiality of this information. Financial data stored by the SEC or records maintained by the U.S. government would be subject to other laws and regulations. Health data would be covered by the Health Insurance Portability and Accountability Act (HIPAA).

Which of the Following Is Covered by the Gramm-Leach-Bliley Act