The Gramm-Leach Bliley Act (GLBA)
The Financial Modernization Act of 1999, also known as the "Gramm-Leach-Bliley Act" or GLB Act, includes provisions to protect consumers’ personal financial information held by financial institutions against 'reasonably forseeable' internal or external threats.
In order to adequately demonstrate regulatory compliance, it is recommended that organisations in the financial sector establish a comprehensive audit and event logging regime across data stores, applications and operating systems.
The Snare Server, from InterSect Alliance, provides a centralised collection, analysis, reporting and archival function for a variety of audit log sources, and is used by several organisations to meet federal guidelines associated with the Gramm-Leach Bliley Act (GLBA).
Related Information
The following links provide more information on the Gramm-Leach Bliley Act (GLBA), as well as other related regulations and standards that are useful for the Financial Services industry.
- Information Regarding the Gramm-Leach-Bliley Act of 1999, from the U.S. Senate Committee on Banking, Housing and Urban Affairs.
- An Overview of the Financial Privacy components of the GLBA, from the Federal Trade Commission (FTC).
- A comsumer guide to the Gramm-Leach-Billey act, from the Federal Deposit Insurance Corporation.