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32 LAB #4 Analyzing and Comparing GLBA and HIPAALab #4 Assessment Worksheet Analyzing and Comparing GLBA and HIPAA Course Name and Number: .

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HIPAA protects a patient's healthcare information, SOX protects financial information of public companies, and GLBA protects the data of financial institution customers. However, they all share a unified goal: keeping sensitive data secure.

GLBA (Gramm-Leach-Bliley Act of 1999), sometimes called the Financial Modernization Act, is a federal law that regulates financial institutions' use and disclosure of their customers' NPI (nonpublic personal information).

The GLBA has three main components with which a financial institution, including a hospital, must comply—a Privacy Rule, a Safeguards Rule, and a Pretexting Rule. The GLBA Privacy Rule generally requires financial institutions to provide notice about their privacy policies and practices to consumers.

Notably, the GLBA and FCRA exemptions do not apply to the CCPA/CPRA's private right of action for damages arising from data breaches.

[2] GLBA also does not apply when a financial institution collects information from an individual that is not applying for a financial product.

The Gramm-Leach-Bliley Act requires financial institutions – companies that offer consumers financial products or services like loans, financial or investment advice, or insurance – to explain their information-sharing practices to their customers and to safeguard sensitive data.

The main distinction between these two sets of compliance guidelines is that each one is concentrated on safeguarding a different kind of data. Healthcare information about a patient is protected by HIPAA, while consumer data about financial institutions are protected under GLBA.

Title V, Subtitle A of the Gramm-Leach-Bliley Act (“GLBA”)1 governs the treatment of nonpublic personal information about consumers by financial institutions.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232