What is a key way that the Gramm-Leach-Bliley Act (GLBA) prevents unauthorized access into a person's back account?

Question

Options

• ABy requiring immediate public disclosure after a suspected security breach.
• BBy requiring the amount of customer personal information printed on paper.
• CBy requiring the financial institutions limit the collection of personal information.
• DBy restricting the disclosure of customer account numbers by financial institutions.

• A
  6% (1)
• B
  6% (1)
• C
  19% (3)
• D
  69% (11)

Explanation

The GLBA prohibits financial institutions from disclosing a consumer's account number or similar form of access number or access code to any nonaffiliated third party for use in telemarketing, direct mail marketing, or other marketing through electronic mail to the consumer. This restriction is intended to prevent unauthorized access to a person's bank account by third parties who may use the account number to initiate fraudulent transactions or identity theft. The GLBA also requires financial institutions to implement safeguards to protect the security, confidentiality, and integrity of customer information, and to notify customers and regulators in the event of a security breach involving such information.

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