The Gramm-Leach-Bliley Act (GLBA) is an act of the United States Congress which allows commercial banks, investment banks, securities firms, and insurance companies to consolidate. The law was passed to legalize mergers on a permanent basis.
Section 501 of the GLBA addresses "Protection of Nonpublic Personal Information". It requires federal banking agencies, the National Credit Union Administration (NCUA), the Securities and Exchange Commission (SEC), the Secretary of the Treasury, and the Federal Trade Commission (FTC) to consult with one another to establish consistent and comparable standards for financial institutions related to administrative, technical and physical safeguards for customer information.
The GLBA Safeguards Rule specifies three kinds of safeguards or controls required by financial institutions when implementing security:
The last and final Safeguard, the Technical Safeguard, applies to the data security process which protects data stored on endpoints through a combination of user authentication, data encryption, data de-identification/data masking and port control.
Grid-Tools specializes in securing financial data when it is used outside of the production environment. Applying masking algorithms to test and development data can help secure this data so it maintains compliance with the GLBA and many other industry regulations. Grid-Tools can offer three methods for provisioning secure, compliant, unidentifiable test data: