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How do I know if my small company is a “financial institution” subject to GLB’s privacy and data security rules?

April 26, 2017COMPANY Data GLB privacy rules security small Subject

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How do I know if my small company is a “financial institution” subject to GLB’s privacy and data security rules?

2 Answers

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As discussed in Question 2 above, GLB applies to many business types, not just those in regulated financial industries like banking, securities, commodity futures, or insurance. The Federal Trade Commission’s Web site has a great deal of information for businesses that must comply with the privacy and security provisions of GLB. www.ftc.gov/privacy/privacyinitiatives/financial_rule_bus.html The FTC has also developed a guide for small businesses. www.ftc.gov/bcp/conline/pubs/buspubs/getnoticed.

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As discussed in Question 2 above, GLB applies to many business types, not just those in regulated financial industries like banking, securities, commodity futures, or insurance. The Federal Trade Commission’s Web site has a great deal of information for businesses that must comply with the privacy and security provisions of GLB. www.ftc.gov/privacy/privacyinitiatives/financial_rule_bus.html The FTC has also developed a guide for small businesses.