馃攳
GLBA Explained - What you need to know and how to comply - YouTube
Channel: unknown
[0]
What are the top four steps you need to
take to meet the Gramm-Leech-Bliley
[4]
act, also known as the GLBA keep watching to
[7]
find out.
Hi I'm Dustin Phelps with FormAssembly
[19]
we know that compliance can be
complicated
[21]
and with a patchwork of data privacy
laws in the united states
[25]
and around the world there's a lot to
keep track of. FormAssembly is an
[29]
all-in-one webform builder and data
collection platform
[32]
that helps organizations in all
industries do more with their data
[36]
we are constantly on the front lines of
data security and privacy regulations
[41]
and we hope to share some of our insight
into what you need to know
[44]
to protect your data and the data of
your customers
[48]
the Gramm-Leach-Bliley act of 1999 is a
federal law in the united states that
[53]
requires financial service organizations
to clearly communicate how they protect
[59]
customers
sensitive financial data the law
[62]
includes several key rules about how
financial information can be handled for
[66]
financial service organizations
GLBA is one of the most crucial data
[71]
privacy regulations
the GLBA includes rules that protect
[74]
customers sensitive financial
information
[77]
and failure to comply can result in
fines loss of customer trust
[81]
and other negative consequences to stay
updated on data privacy regulations and
[85]
data collection best practices
subscribe to our channel and hit the
[89]
notification icon to receive an alert
when we release a new video alright so
[94]
what are the steps you need to take to
be
[96]
GLBA compliant the first thing you'll
need to do
[99]
is determine whether or not the GLBA
applies to your organization
[103]
the GLBA applies not only to financial
service companies but also to other
[107]
organizations that handle financial
information
[110]
such as colleges or universities that
deal with student
[114]
loans under the GLBA there are specific
regulations for how these organizations
[118]
can handle account information
bank balances and other sensitive
[122]
financial data
under the financial privacy rule of the
[125]
GLBA applicable organizations must
communicate with their customers about
[129]
how
personal information is shared collected
[133]
managed
and disclosed organizations must also
[136]
inform customers of the right to opt out
if they prefer that their personal data
[140]
not be shared with third parties the
financial privacy rule requires
[144]
financial institutions to provide
privacy notices for each consumer as
[148]
soon as they start working with them
including details about how their
[151]
information is used collected
and protected this privacy notice must
[156]
be provided
every year if the policy changes
[159]
consumers must be notified of those
changes
[162]
as well the GLBA also includes a section
called the safeguards rule the
[166]
safeguards rule requires applicable
institutions
[170]
to develop their own comprehensive
written security plans
[174]
and strategies in order to ensure that
the data is protected
[177]
they must also make sure that all of
their vendors and third-party services
[181]
follow the same protocol to protect this
information
[184]
under the safeguards rule organizations
that deal with
[188]
personally identifiable information must
identify a designated employee to manage
[193]
data security and safeguards
conduct regular risk analysis and
[197]
assessments
regularly test security measures and
[200]
policies
maintain security and confidentiality
[204]
and safeguard customers data against
potential threats or breaches
[208]
with this rule organizations that handle
customers private financial information
[212]
must continually make sure that data is
safe and protected
[217]
because threats and requirements are
always evolving in the digital age
[221]
organizations must remain vigilant and
adjust processes as necessary
[226]
as a third-party data collection
platform FormAssembly works with
[229]
financial organizations and higher ed
institutions worldwide to help manage
[234]
data in a secure
streamlined way because we are a service
[237]
provider to organizations that fall
under the GLBA umbrella
[241]
we must also meet these regulations in
order to guarantee
[244]
our customers compliance FormAssembly
is an all-in-one
[248]
web form builder and data collection
platform that helps organizations
[252]
in all industries do more with their
data our platform offers encryption at
[257]
rest and is compliant with gdpr
ccpa and pci dss level 1 regulations on
[263]
all plans
to provide added security for the
[266]
healthcare financial services
and higher ed education industries
[270]
FormAssembly's compliance cloud plan
provides compliance with
[273]
HIPAA and GLBA on top of that
compliance cloud users receive advanced
[279]
security and privacy controls
personalized data security training
[283]
priority support
and other privacy features thousands of
[287]
financial service organizations around
the world
[289]
trust FormAssembly for secure compliant
and simplified data collection
[294]
to learn more about the GLBA and the
steps your business needs to take to
[298]
comply
just follow the link in the description
[300]
below to download our free
GLBA checklist we hope this resource is
[305]
valuable to you
and to your organization and if you like
[309]
this video please give it a thumbs up
and share with others and don't forget
[313]
to subscribe to our channel for more
great content
[316]
thanks for watching and happy forum
[322]
building
[331]
you
Most Recent Videos:
You can go back to the homepage right here: Homepage