The Gramm-Leach-Bliley Act:
A) requires financial institutions to ensure the security of customer data.
B) specifies best practices in information systems security and control.
C) imposes responsibility on companies and management to safeguard the accuracy of financial information.
D) outlines medical security and privacy rules.
E) requires that companies retain electronic records for at least 10 years.

Question

Quizplus · Accepted Answer

The Gramm-Leach-Bliley Act requires financial institutions to ensure the security of customer data by implementing measures such as data encryption, access controls, and security monitoring.