Tag Archives: GLBA

Amendment to the Annual Privacy Notice Delivery Obligations of Financial Institutions under the Gramm-Leach-Bliley Act contained in the FAST Act

On December 4, 2015, President Obama signed the Fixing America’s Surface Transportation Act (the ‘‘FAST Act’’) into law. Although the FAST Act’s main focus is on improving the country’s surface transportation infrastructure, the law also contains a provision that modified the annual privacy notice requirement under the Gramm-Leach-Bliley Act (“GLBA”).

Previously under the GLBA privacy regulations, financial institutions (which includes registered investment advisers,… More

Regulators Provide Online Privacy Notice Builder to Help Financial Institutions Comply with Gramm Leach Bliley Act

Last week a number of federal regulatory agencies rolled out an online privacy notice builder for financial institutions subject to one or more of the Gramm Leach Bliley Act (GLBA) regulations.   The agencies involved include the Federal Trade Commission (FTC), Securities and Exchange Commission (SEC), Office of Comptroller of Currency (OCC), Federal Deposit Insurance Corporation (FDIC ),… More

Incident of the Week: Russian Company Proves That WiFi/Wireless Networks No Longer Secure

ElcomSoft Co. Ltd., a Moscow-based software company, has announced that its software can unlock wireless networks using a PC fitted with a high-end consumer graphics cards. This software would appear to allow anyone to intercept internet traffic over wireless networks encrypted using common encryption algorithms. The easy availability of this software may mean that companies using WiFi/wireless networks may need to take additional security steps to comply with information security rules in the U.S. and Europe.

Isn’t There Already A Federal Standard Governing Information Security? — Re-Examining the Gramm-Leach Bliley Act

By Stacy Anderson and Gabriel M. Helmer.

As an ever-increasing number of states enact legislation governing identity theft, customer data and personal information, pressure for clear federal legislation governing information security has mounted. For example, in December 2008, the FTC joined the growing number of voices calling on Congress to enact a legislation to create a single federal standard for the handling of personal information. (See our report here.) As we see movement towards a unifying federal standard,… More