GLBA Compliance Requirements Made...
GLBA compliance violations carry hefty penalties. Organizations can face fines up to $100,000 for each violation. Individual penalties include fines up to $10,000 and possible jail time of 5 years. The Gramm-Leach-Bliley Act came into effect in 1999. This law requires financial institutions to protect their customers’ information through complete security programs and clear privacy practices.
