The Gramm-Leach-Bliley Act GLBA and its implementing regulations present one such tightly-knit set of legal requirements. Passed by Congress due to growing concerns over identity theft and misuse of consumer financial information, the law requires financial institutions to adopt numerous measures concerning use, disclosure and protection of the nonpublic personal...
Identity theft is top of mind for many consumers and regulators, and rightfully so. As a result, improving data security and planning for rapid reaction to security breaches are vital goals for virtually every financial institution. As a result of this focus, sections of the Gramm-Leach-Bliley Act GLBA specifically address...
The National Association of Insurance Commissioners NAIC and the Federal Reserve System FRS joint Troubled Company Subgroup Subgroup was formed in 2000. The Subgroup's objective was to compare insurance and banking regulatory frameworks for identifying and supervising companies in weakened financial condition, and was one of four joint subgroups established...
This paper describes about insurance operations. The Gramm-Leach-Bliley Act (the "Act") includes several provisions of importance to banks and bank holding companies presently engaged in insurance activities or planning to engage in insurance activities. In broad terms, the Act ? Expands the Insurance Powers of banks and bank holding companies,...
The Gramm-Leach-Bliley Act repeals the restrictions on banks affiliating with securities firms contained in sections 20 and 32 of the Depression era Glass-Steagall Act. The Act creates a new "Financial Holding Company" ("FHC") under which affiliations between banks, securities firms, insurance companies, and other financial services organizations may occur. Read...
In announcing a privacy settlement with Chase Manhattan Corp. earlier this year, New York Attorney General Eliot Spitzer said that new technology has put us in an "electronic fishbowl. As banks wait for the final regulations governing the privacy provisions of the sweeping Gramm-Leach-Bliley Act GLBA, state legislators and attorneys...
The Gramm-Leach-Bliley Act, enacted into law on November 12, 1999, and colloquially referred to as the "Financial Services Reform Act of 1999," tears down barriers between the banking, insurance and securities businesses. The legislation also establishes a framework for functional regulation of these financial industries and redefines the relative roles...
Environmental Compliance Management Leader Achieves Industry Standard for Ensuring Sensitive Data Remains Protected and Secured CARLSBAD, Calif. -- Enviance, the leading provider of Internet-based systems for the management and automation of environmental, health and safety EHS compliance activities and greenhouse gas GHG emissions management, today announced that it...
DISC to Showcase Email Compliance Solutions to Financial Industry WESTMINSTER, Colo., May 14 /PRNewswire-FirstCall/ -- Digital Info Security Company (Pink Sheets: DGIF) DISC announced today plans to exhibit at the 2008 FINRA Spring Securities Conference May 21-23 in Hollywood, FL. DISC will feature its PolicyBridgeTM...
Three New Seagate([R]) Data Eraser Products Enable Companies to Better Control Data Privacy and Security; From Erasing a Single Disk to Providing Network-Based Erasing/Recycling of a Large Inventory of Disk Drives SANTA CLARA, Calif. -- Seagate Recovery Services, a Seagate Technology (NYSE:STX) company, today announced the availability of...
[ILLUSTRATION OMITTED] Darwin Professional Underwriters Inc. has enhanced its professional liability coverages for lawyers. Limits of up to $10 million are available for firms ranging in size from one to 100 attorneys. Darwin also has added coverage benefits through two new endorsements. ...
Reconnex , the leader in informationmonitoring and protection appliances , todayannounced that the Advancial FederalCredit Union has purchased the Reconnex iGuard Data LossPrevention DLP solution to prevent customer data from leaving itsnetwork. The Reconnex solution enables Advancial to improve its technologyand data management practices...
The success of CAT bonds could be the prelude to more convergence vehicles Convergence is a topic that continues to gain attention within the insurance industry. It seems that articles for the last 25 to 30 years noted with interest the inevitability of the insurance market and...
Q. Can we require customers to insure their home with our affiliated insurance company in order to receive a special loan offer? A. This appears to be a violation of regulations regarding consumer protections in sales of insurance. Each federal banking regulator was ...
TizorSystems , a leading provider of enterprise data auditing and protectionsolutions for the data center, today announces the Tizor Discovery Service.This service, which includes a risk assessment scorecard, helps enterpriseslocate sensitive data assets, identify risks associated with currentoperating practices and develop plans to mitigate those risks. Theseactivities are key to...
New rules that will implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999 have been approved by the securities and Exchange Commission. The sec worked jointly with the Federal Reserve Board on the rules and the Fed voted on the rules at its meeting on Sept. 24. The...
SPRINGFIELD, Mass. -- C2C, a leading supplier of enterprise email archiving software, announced today that it supports the ProStor Systems, Inc. InfiniVault[TM] Archive Appliance, the world's first removable disk archive system for small and medium enterprises. C2C's Archive One solution helps organizations to enforce email retention policies and...
Every year, employers spend a staggering amount of money to meet growing regulatory mandates required by a host of federal laws and regulations. Although these regulatory requirements will continue to increase in scope and price, organizations can reduce many of these fees by being proactive and efficient. Many...
BUENA PARK, Calif. -- Information Technology Resources, Inc. ITresources today announced that its hosting operation has completed the American Institute of Certified Public Accountants' Statement on Auditing Standards SAS No. 70 type II audit. SAS 70 is an internationally recognized audit for validating the internal controls of service providers and...
Wireless News08-31-2007Cowlitz Bancorporation Leverages Proofpoint Messaging Security Gateway ApplianceWIRELESS NEWS-August 31, 2007-Cowlitz Bancorporation Leverages Proofpoint Messaging Security Gateway Appliance C2007 10Meters - http://www.10meters.com Proofpoint, a provider of integrated email security and data loss prevention solutions, announced that Cowlitz Bancorporation has deployed the Proofpoint Messaging Security Gateway appliance to protect...
Articles 2007-08-31
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