Protect customer information from breaches and unwanted exposure
WHAT IS GLBA
GLBA – An Act Protecting Customer Information in the Financial Services Industry
The Gramm-Leach-Bliley Act (GLBA), otherwise known as the Financial Services Modernization Act of 1999, is a federal law that mandates financial institutions to protect the privacy of their customers’ financial information. In this context, the term ‘financial institutions’ also extends to any organization that is ‘significantly engaged’ in financial activities.
If your business collects, stores, or transmits non-public personally identifiable information (PII) such as Social Security numbers or account details, you are likely subject to GLBA. GLBA compliance involves meeting the requirements outlined in the law’s three main sections: The Financial Privacy Rule, The Safeguards Rule, and Pretexting Provisions.
I.S. Partners offers comprehensive GLBA audit services that cover readiness assessments and compliance audits for financial institutions.
Protect customer information and build trust with GLBA compliance. Understand the federal law and its requirements today.
BENEFITS
Secure Information Through Proactive Compliance
A comprehensive GLBA compliance audit and risk assessment go beyond just identifying gaps. They empower you to proactively address weaknesses and build a robust data security posture.
Compliance with GLBA requirements can be complex as it upholds very high standards. Employ the aid of expert auditors from I.S. Partners.
Reduced Regulatory Risk
Meet all GLBA requirements and avoid penalties and regulatory actions.
Enhanced Customer Trust
Demonstrate your commitment to data security and build stronger customer relationships.
Streamlined Compliance Efforts
Get a clear roadmap for remediation and streamline future compliance efforts.
WHAT’S INCLUDED
GLBA Compliance Cybersecurity Process for Consumer Financial Privacy
The key to GLBA compliance is building an approach based on the three main rules of the federal law as established by the Federal Trade Commission. Our compliance audit services covers the critical areas of these laws and ensure that proper security controls are established.
GLBA Gap Analysis & Risk Assessment
With clear risk assessment reports, our clients are also able to identify potential weak points that could compromise system integrity and jeopardize consumer data. This process also includes the comparison of your practices with GLBA compliance requirements to identify gaps
GLBA Auditing
I.S. Partners’ auditors first evaluate current policies, procedures, and internal controls by performing a readiness assessment.
Ongoing GLBA Compliance Support
The goal of our GLBA audit and compliance program is to monitor, spot, and address flaws in a business’s operational procedures. We also run a gap analysis to identify issues and provide recommendations for enhancing GLBA compliance in the future.
PRICING
GLBA Compliance Cost
The Pricing for GLBA Compliance Services and GLBA Audit Services will depend on the size and complexity of your organization and the volume of customer financial data that you collect, store, or transmit.
For a free quote for GLBA Compliance Audit and Assessment, get in touch with us.
TIMEFRAME & FREQUENCY
Considerations for an Effective GLBA Compliance Audit
Timeframe
2-6 weeks (average)
The time needed for a comprehensive GLBA Assessment and Audit depends on the size of the organization, complexity of data security practices, volume of customer data, and availability of necessary documentation.
Frequency
Annual (Recommended)
Maintaining GLBA compliance is an ongoing process. To ensure your organization stays ahead of evolving threats and regulatory changes, we recommend conducting GLBA compliance audits and assessments annually.
Compliance doesn’t have to be complex. Get a simplified GLBA audit with actionable insights.
WHY CHOOSE US
Comprehensive and Trustworthy GLBA Compliance Services
We customize our assessments to fit the specific needs of your business and carry out quick and efficient audits with minimal disruption to your operations.
Full U.S.-based team
Ensures a better understanding of the local business nuances and regulations.
No Outsourcing
Work with the same dedicated team throughout the entire process.
One-stop shop
Saves time and effort by offering all requisite services under one roof.
Nearly 20 years of experience
Gives you access to our deep industry insights and tried-and-tested methods.
Compatibility with your compliance software
Offers the flexibility to integrate with existing software like Drata, Vanta, or any other.
Software Included (FREE!)
Benefit from our proprietary software at no additional cost.
PROCESS
I.S. Partners’ GLBA Compliance Services Process
Our firm works with diverse industries, including financial institutions and their contractors. I.S. Partners has a dedicated team focused on executing GLBA audits. Our streamlined process is designed to be fast, efficient, and tailored to your operations.
Here’s what you can expect:
- Initial Consultation
- Data Gathering & Review
- On-site Assessment
- Risk Assessment & Analysis
- Reporting & Recommendations
- Remediation Support (Optional)
We start with a free consultation to understand your business structure and specific needs. This helps us to customize the audit and assessment to your unique environment.
We work with your team to gather information and documentation related to your data security practices. This may include policies, procedures, access controls, and system configurations.
Depending on the complexity of your organization, an on-site visit may sometimes be needed for an in-depth review of your data security controls. We work with you to schedule a convenient time for the visit.
Our team analyzes the collected information to identify gaps in your GLBA compliance posture and related risks. We assess the likelihood and severity of each risk to prioritize remediation efforts.
You will receive a comprehensive report with the findings of the audit and risk assessment. The report will also include actionable recommendations for addressing the identified compliance gaps.
We offer ongoing support to help you execute the recommended remediation actions and achieve GLBA compliance.
WHO WE SERVE
GLBA Compliance Services Solutions for Every Financial Institution
Gramm-Leach-Bliley Act (GLBA) applies to a wide range of businesses that are considered “financial institutions”. This includes many companies beyond just traditional banks and lenders.
We partner with a wide range of organizations subject to GLBA including:
- Banks
- Credit unions
- Investment firms
- Insurance companies
- Fintech startups
- Mortgage lenders
- Debt collectors
- Educational Institutions that provide financial aid
- Check cashing organizations
- Tax preparation services
… and many more!
TESTIMONIALS
See why our clients are so loyal.
Through the years, I.S. Partners has continued to help us earn and maintain our compliance positions and we are very grateful for the professional standard that they have guided us to achieve. We value their “trusted advisor” partnership they have created with us and would highly recommend them to anyone pursuing these achievements.
Tom Russo
President doeLEGAL, LLC
I.S. Partners helped AvMed to effectively and efficiently implement the Model Audit Rule, while also serving as a true business partner in enabling AvMed to understand and where appropriate implement best practices. I would highly recommend IS Partners for anyone looking to engage a firm that brings and delivers a unique and differentiating service experience.
Randy L. Stuart
Senior Vice President & CFO AvMed
The Audit team provided us a thorough audit guideline prior to the on-site visit. This allowed ePay to successfully prepare for the audit. This onsite visit was conducted in a very timely and professional manner. If your company is looking for outstanding audit and compliance services at a very competitive price, I.S. Partners is a great fit.
Thomas Simoncic
Chief Operating Officer VRS Vericlaim, a Toplis & Harding Company
I have used I.S. Partners for a variety of services and have always found the product of top quality.
Mark Monroe
Director Internal Audit DentaQuest
Secure Your Business with Top-Tier GLBA Compliance Solutions – Join Our List of Satisfied Clients
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