The Gramm-Leach-Bliley Act requires financial institutions such as banks, broker-dealers, insurers, and asset managers to protect the privacy and security of customer and consumer PII. Firms must implement comprehensive information security programs to prevent unauthorized access, use, or disclosure of sensitive data. GLBA also mandates that organizations clearly inform customers about how their data is collected, used, and shared. To comply, financial institutions must maintain strong safeguards, ensure secure handling of personal information, and continuously monitor risks to uphold consumer trust and regulatory expectations.

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