Which of the laws stipulates how financial institutions are required to protect the privacy of consumers' personal financial information and notify them of their privacy policies annually?
A)the CAN-SPAM Act
B)the State Security Breach Notification Laws
C)the Privacy Act of 1974
D)the Gramm-Leach-Bliley Act

Question

Quizplus · Accepted Answer

The Gramm-Leach-Bliley Act, also known as GLBA or Financial Services Modernization Act, stipulates how financial institutions must protect the privacy of consumers' personal financial information and notify them of their privacy policies annually. It requires financial institutions to develop and implement a written information security program that includes administrative, technical, and physical safeguards for customer information.

Which of the Laws Stipulates How Financial Institutions Are Required