Question

Which is NOT a requirement of the Safeguards Rule of the Gramm-Leach-Bliley Act?

a. allow consumers to add their numbers to a list that prohibits unauthorized calls
b. ensures teh security and confidentiality of customer records
c. protect against any anticipated threats of hazards to the security of consumer records
d. protect against the unauthorized access or use of consumer information in ways that could result in substantial harm

Answer 1

The option 'allow consumers to add their numbers to a list that prohibits unauthorized calls' is not a requirement of the Safeguards Rule of the Gramm-Leach-Bliley Act; this is related to the Do-Not-Call Registry. The Safeguards Rule requires businesses to protect the security and privacy of consumer information.

Step-by-step explanation:

The Gramm-Leach-Bliley Act's Safeguards Rule is designed to ensure that businesses and organizations protect the privacy and security of consumers' personal information. The option that is NOT a requirement of the Safeguards Rule is 'allowing consumers to add their numbers to a list that prohibits unauthorized calls.' This option is more relevant to the Do-Not-Call Registry, which is managed by the Federal Trade Commission under the Telemarketing Sales Rule, not the Safeguards Rule of the Gramm-Leach-Bliley Act.

The actual requirements of the Safeguards Rule include ensuring the security and confidentiality of customer records, protecting against anticipated threats or hazards to the security of consumer records, and preventing the unauthorized access or use of consumer information that could result in substantial harm to individuals. These requirements are crucial for maintaining the integrity and trust between consumers, businesses, and organizations.