CIPP/US: Certified Information Privacy Professional/United StatesDemo

By IAPP · Question Mode

QuestionQ136

Federal Privacy Laws

What is one key way in which the Gramm-Leach-Bliley Act (GLBA) prevents unauthorized access to an individual’s bank account?

  • A By requiring immediate public disclosure after a suspected security breach.
  • B By requiring the amount of customer personal information printed on paper.
  • C By requiring the financial institutions limit the collection of personal information.
  • D By restricting the disclosure of customer account numbers by financial institutions.
Explanation

The GLBA prohibits financial institutions from sharing customer account numbers and similar access numbers or codes with nonaffiliated third parties for marketing purposes. Restricting disclosure of these credentials reduces the risk that they can be used to access or initiate charges against a customer account.

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