Identity Theft Collaborative Resources

Gramm, Leach, Bliley Safeguard Rule

Eight Federal agencies and any State can enforce this law

Applies to any organization that maintains personal financial information regarding it's clients or customers

Non-public Information (NPI) lost under the wrong set of circumstances may result in:

• Fines up to $1,000,000 per occurrence
• Up to 10 years jail time for executives
• Removal of management
• Executives within an organization can be held accountable for non-compliance both civilly and criminally

Any organization includes:

Financial institutions*
• Schools
• Credit card firms
• Insurance companies
• Lenders
• Brokers
• Car dealers
• Accountants
• Financial planners
• Real estate agents

*The FTC categorizes an impressive list of businesses as FI and these so-called "non-bank" businesses comprise a huge array of firms that may be unaware they are subject to GLB.