Hands-On Steps;1. From your computer workstation, create a new text document called GLBA Lab #5.;2. Review the GLBA using Wikipedia?s summary (http://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%;E2%80%93Bliley_Act). For each of the following areas?many listed in Wikipedia?s outline? note the;most relevant information in your text document;a. Legislative history;b. Changes caused by the act;c. Remaining restrictions;d. Financial Privacy Rule;i. Financial institutions defi ned;ii. Consumer vs. customer defi ned;iii. Consumer/client privacy rights;e. Safeguards Rule;f. Pretexting protection;g. Information Security Safeguards, including Guidelines for Providing Secure Data Transmission and;Guidelines for Secure Disposal of Customer Information;3. Research Financial Activities that are covered by GLBA.;4. Research how to handle non-public personal information (NPI) and the GLBA guidelines regarding the;proper security for this data. Examples of NPI include;? Social Security number (SSN);? Financial account numbers;? Credit card numbers;? Date of birth;? Name, address, and phone numbers when collected with fi nancial data;? Details of any fi nancial transactions;In your text document, discuss the requirements for handling non-public personal information and;the GLBA guidelines regarding the proper security for this data.;5. Research the enforcement of GLBA, including;? The Federal Trade Commission (FTC) may bring an administrative enforcement action against any;fi nancial institution for non-compliance with the Safeguards Rule;? Penalties for violating the Safeguards Rule would likely include equitable damages caused by the;loss of privacy, for example, a breach of security resulting in an identity theft;6. Write an executive summary that summarizes how you would go about gathering and obtaining information;needed to perform a GLBA Financial Privacy and Safeguards rules compliance audit for the;seven domains of a typical IT infrastructure.;7. Submit the text document to your instructor as a deliverable for this lab.
Paper#64728 | Written in 18-Jul-2015Price : $22