The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Modernization Act, is a United States federal law that governs the financial industry’s handling of customers’ personal information. GLBA requires financial institutions to implement measures to protect the privacy and security of consumer data. It sets out guidelines for the collection, use, and disclosure of personal information by financial institutions, including banks, securities firms, insurance companies, and other financial service providers.
In today's digital world, financial institutions must not only maintain the privacy of their customers' personal information but also
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