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The GLB Act: Guidelines for Faculty and Staff Relating to Customers' Nonpublic Personal Information
 

Summary: The GLB Act: Guidelines for Faculty and Staff Relating to Customers' Nonpublic Personal
Information
______________________________________________________________________________
1. Introduction:
The Gramm-Leach-Bliley Act ("GLB Act"), also known as the Financial Modernization
Act of 1999, is a federal law that requires organizations that are significantly engaged in
providing financial services to protect the privacy and security of customers' nonpublic
personal information. 15 USCA 6801(a). As directed by the Federal Trade
Commission ("FTC"), universities must develop information security programs that
include administrative, technical and physical safeguards that, in general, will be used to
collect, access, maintain, transmit and dispose of customer information. 16 CFR
314.2(c). Implementation of the GLB Act's safeguarding rules through effective
information security programs is intended to ensure the confidentiality of customer
information, to protect against hazards to the integrity of the information and to protect
against unauthorized access, use or theft of the information. 16 CFR 314.3(b)(1-3).
Customer information is defined as "any record containing nonpublic personal
information as defined in 16 CFR 313.3(n), about a customer of a financial institution,
whether in paper, electronic, or other form, that is handled or maintained by or on behalf
of you or your affiliates." 16 CFR 314.2(b).
Nonpublic personal information is defined as:

  

Source: Azevedo, Ricardo - Department of Biology and Biochemistry, University of Houston

 

Collections: Biology and Medicine; Environmental Sciences and Ecology