Gramm – Leach Bliley Act - GLBA
Summary
The Gramm – Leach Bliley Act or GLBA was signed in 1999 and became fully effective
on July 1, 2001. The law applies to banks, brokerage firms, tax preparation companies,
insurance companies, consumer credit reporting agencies and a wide variety of other
financial services firms.
Violations of the GLBA may result in a fine of up to $100,000 dollars and 5 years
in jail. The primary focus of the GLBA is the protection of customer’s personal
financial information.
Key regulatory requirements include:
- Section 6801 - Regulated organizations must insure the security and
confidentiality of customer records and information.
- Section 6801 requires that access to all customer records
be carefully controlled to prevent substantial harm or inconvenience to any customer.
- Any storage location that contains sensitive customer information
must be protected by strong access control and secure passwords.
- In Section 6801 (b)(1) companies must ensure that email messages
are kept secure and encrypted when being transmitted over a link.
- Sensitive customer information must be protected in case of physical
disaster or technological failure.
MobileMandate Key Benefits
MobileMandate is designed to support the the flow of text messaging, pin to pin,
and BlackBerry® Messenger througout your organization. Our intuitive user interface and advanced reporting capabilities provides yor team
with the ability to get the job done quickly, effectiviely, and efficiently.
Effective Management
- Ensure every SMS message passing through your organization is archived
and readily available
Collaboration
- Create roles and responsibilities for managing mobile messaging
Proactive Platform
- Build reports to find policy breaching events like wall crossing
and receive alerts when those breaches happen
Evidence Supervision
- Provide complete workflow audit trails of who has acted upon any
message
Automation
- Automate email and reports engaging users to assist with supervision
Security
- Secure hosted content with full disaster recovery