GLBA Compliance 

Is your company regulated by GLBA Compliance Requirements?
Are you under a deadline to meet compliance requirements?
Are you uncertain how to start this complex and confusing project? 
—No problem. 

OUR TEAM OF EXPERTS CAN HELP YOU TO ACHIEVE COMPLIANCE.

We assist clients in meeting many regulatory compliance standards, including but not limited to SOX, PCI DSS, PCI- PA-DSS, PCI- PIN- Transaction Security, HIPAA, FISMA, GLBA, SAS 70, FDA, NIST, and ISO 17799 Security Standards, and recommend guidelines to meet client-specific security requirements in a timely manner.

Our security professionals and IT Auditors can help your organization to plan, develop, deploy, and integrate all the necessary security protocols, controls, and check points, and key business processes, procedures, and best practices required to reduce, control, transfer, and eliminate all potential security threats and vulnerabilities and keep your business operations in compliance.

We can be the Internal Auditor or Third-Party Auditor that validates your specific security requirements. Our certified, qualified, and experienced IT Auditors can assess your organization to evaluate its security posture and provide an unbiased Attestation and Certification letter, along with an IT Audit Summary Report, to comply with specific regulatory standards.

As our IT Auditors are certified, accredited, and recognized by ISACA, an audit governing body, our audit reports are recognized and accepted by most governmental and international agencies.


What is GLBA Compliance?

The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (Pub.L. 106-102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999-2001) signed into law by President Bill Clinton which repealed part of the Glass-Steagall Act of 1933, opening up the market among banking companies,securities companies and insurance companies. The Glass-Steagall Act prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company.

The Gramm-Leach-Bliley Act allowed commercial banks, investment  banks, securities firms, and insurance companies to consolidate. For  example, Citicorp (a commercial bank holding company) merged with Travelers Group (an insurance company) in 1998 to form the conglomerate Citigroup, a corporation combining banking, securities and insurance services under a house of brands that included Citibank, Smith Barney, Primerica, and Travelers. This combination, announced in 1998, would have violated the Glass-Steagall Act and the Bank Holding Company Act of 1956 by combining securities, insurance, and banking, if not for a temporary waiver process.[1] The law was passed to legalize these mergers on a permanent basis. Historically, the combined industry has been known as the "financial services industry".[citation needed]