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What regulation requires the sheltering of private customer information and privacy notices?

a) HIPAA
b) GDPR
c) SOX
d) GLBA

1 Answer

3 votes

Final answer:

The Gramm-Leach-Bliley Act (GLBA) is the correct regulation requiring the protection of private customer information and the issuance of privacy notices, specifically for financial institutions. The correct option is D.

Step-by-step explanation:

The regulation that requires the sheltering of private customer information and privacy notices is the Gramm-Leach-Bliley Act (GLBA).

This act, passed in 1999, pertains specifically to financial institutions and mandates that they must protect the privacy of consumers' personal financial information and provide privacy notices to consumers.

While other options mentioned, such as the Health Insurance Portability and Accountability Act (HIPAA), the General Data Protection Regulation (GDPR), and the Sarbanes-Oxley Act (SOX), also protect private information.

HIPAA is specific to healthcare, GDPR is a comprehensive data protection regulation in the European Union, and SOX addresses financial practices and corporate governance primarily aimed at protecting investors and the public from accounting errors and fraudulent financial practices.

Therefore, the correct answer to which regulation requires the sheltering of private customer information and privacy notices is d) GLBA. The correct option is D.

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