The Company ( Regulatory Compliance & Policies )

* To maintain clear and accurate records, as well as confidentiality records within the work practice

* Secured against accidental loss, destruction or damage and against unauthorised or unlawful processing - this applies to you even if your business uses a third party to process personal information on your behalf.

The GLB Safeguard Rule requires that financial institutions develop security programs to protect data; they also must provide provisions to protect customer’s information and it requires institutions to give customers a written privacy notices that explain how their information is shared.

As a principal part of the Gramm-Leach-Bliley (GLB) Act, the Financial Privacy Rule (or Privacy Rule) revolves around protecting the privacy of consumer information and sets the standards for privacy notices, opt-out notices, and how nonpublic personal information can be used or disclosed. (FTC)

It gives an assurance that the business information is secured. i.e. users have access to only what they are permitted to use or view

It allows in a case For investigators to and hidden or deleted storage/information and help prevent or catch criminal acts.

Administrative matters, including a claim for payment a matter related to the procurement of property or services, or a document necessary by law, rule, or regulation to be submitted to Congress or any other office or officer within the legislative branch; or

In the world today they are several laws that written to protects both consumers an organization. Having laws and policies in place help minimize breaches and publication of confidential information data. Information data is very important to consumers. These policies also insure that organization give the consumer’s fair option to enroll in a protection plan or opt out. The Gramm-Leach-Bliley Act (GLBA) implement the consumer’s rights against information data breaches.

To conduct work as outlined in the contract between a covered entity and its business associate.

The eighteen identifiers highlighted within the Privacy Rule are names, all geographic subdivisions smaller than a state, all elements of dates (except yea, telephone numbers, facsimile numbers, electronic mail addresses, Social Security numbers, medical record numbers, health plan beneficiary Numbers,

People should have more control over their personal information than a corporation because they will value and safeguard it better than a company out to make a profit. To address this issue, Congress should pass a major law banning the sale of any personal information without an individuals express consent, along the lines of the Federal Do-Not-Call list, but much more restrictive. This law would not prevent companies from sharing necessary information like credit history or criminal convictions, but it would ban selling things like addresses, phone numbers, mother’s maiden names, and other information companies have no good reason to possess. This would assure customers that their information was not being passed around to anyone who wanted it and it would make identity theft impossible unless the individual himself was conned into giving out the information.

a) “to be able to retrieve information whenever it is needed. For example each organisation has to keep accurate records or information of their employees in order to be able to use this information for planning ahead (…)

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 ("Gramm-Leach Bliley Act (GLBA)"). It is a United States federal law that requires financial institutions to explain how they share and protect their customers’ private information. To be GLBA compliant, financial institutions must communicate to their customers how they share the customers’ sensitive data, inform customers of their right to opt-out if they prefer that their personal data not be shared with third parties, and apply specific protections to customers’

Answer: Integrity property as this protection mechanism ensures the output is from the authorized department and protects its information.

Shared governance is important to compliance in order to keep all staff accountable for compliance measures. Shared governance is an organizational model that gives all management and staff control over their actions and practices and extends the influence of administrative areas (Hess, 2004). Giving all managers a voice can help improve governance compliance and operations by promoting teamwork and accountability among staff throughout the entire organization.