The Gramm-Leach-Bliley Act (GLBA) requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data. It includes provisions for the protection of personal information and privacy. For procurement and supply chain professionals in the financial sector, understanding GLBA is essential to managing data privacy and security risks. Compliance with GLBA ensures the protection of customer information, supports regulatory adherence, and builds consumer trust.
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