Continuous Data Protection (CDP)

GLBA Compliance

Many financial institutions like banks, credit unions, and insurance companies must be compliant with the 1999 Gramm-Leach-Bliley Act (GLBA).

The GLBA defines "financial institution" as: "companies that offer financial products or services to individuals, like loans, financial or investment advice, or insurance." The Federal Trade Commission (FTC) has jurisdiction over financial institutions similar to, and including, these:

  • non-bank mortgage lenders
  • loan brokers
  • some financial or investment advisers
  • debt collectors
  • tax return preparers
  • banks
  • real estate settlement service providers

These companies must also be considered significantly engaged in the financial service or production that defines them as a "financial institution".

Insurance has jurisdiction first by the state, provided the state law at minimum complies with the GLBA. State law can require greater compliance, but not less than what is otherwise required by the GLBA.

A few key points as they relate to GLBA regulations:

  • Our CDP product encrypts data (GLBA requires all private consumer data to be protected).
  • Backup and retention policies can be automated by our CDP product to automate backup and disaster recovery compliancy.
  • Easy access to disk-based backup ensures auditors have quick access to data and records.
  • Access to backup data is password protected.
  • All backup and restore activity is logged.

Related Links

Overview of GLBA

All information presented on this page is an overview of how our software relates to GLBA Compliancy. Webiness and its entities do not intend to give legal advice on this information. Please consult with your legal counsel if you have questions about your specific situation.