White Papers for Gramm Leach Bliley Act (GLBA)

GLBA Security Breach Response and Notification

Compushare

The FFIEC agencies have jointly issued guidance (FIL-27-2005) for financial institutions to develop and implement a response program designed to further protect customer non-public information through establishing policies and procedures for identifying, controlling, and responding to unauthorized access. The guidance is an interpretation of section 501(b) of the Gramm-Leach-Bliley Act (GLBA) and the Interagency Guidelines Establishing Information Security Standards. FIL-27-2005 has been put in place to set guidance standards and expectations which are effective immediately

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