The Gramm-Leach-Bliley Act (GLBA)
What is GLBA?
Also known as the Financial Services Modernization Act, the Gramm-Leach-Bliley Act (GLBA) was enacted in 1999 to protect private consumer information held by financial institutions.
The GLBA requires banks to develop privacy notices and to provide customers with the option of prohibiting the sharing of their confidential information with non-affiliated third parties. On July 1, 2001, the Act was amended, requiring financial organizations to have a comprehensive, written information security program in place.
Who is affected by GLBA ?
The GLBA applies to virtually every business in the United States engaged in the “financial services” industry: institutions that provide financial products and services to consumers. This applies to all national banks and federal branches of foreign banks that are required to follow US banking regulations.
According to the Act, financial institutions are required to implement a comprehensive, written information security program that includes proper administrative, technical and physical safeguards, the nature of which are dependent upon the size and complexity of the organization. This requirement extends to any subsidiaries of the parent financial organization. The program must be designed to protect consumers’ non-public, personally-identifiable information by ensuring security and confidentiality of data, by preventing potential risks and threats to data, and by protecting against unauthorized access to or use of consumers’ private information.
When using service providers such as an outsourced document destruction company, financial institutions have a duty to safeguard their customers’ information while it is in the possession of the outsourced company. To adhere to this, the financial organization must use due diligence in selecting, managing and monitoring the service provider to ensure consumers’ private information is protected. This includes entering into contracts with an outsourcer when appropriate.
Your Partner in Regulatory Compliance.
By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company in maintaining a document disposal program that meets GLBA regulations. Using state-of-the-art technology, our highly trained and certified security professionals efficiently shred all documents right on your premises. We give you the option to watch the shredding process, and also provide you with a Certificate of Destruction that records each shred. Trust PROSHRED® as your partner in compliance with GLBA shredding requirements for maintaining your document security program.
For more information on the Gramm-Leach-Bliley Act (GLBA), please visit: Federal Trade Commission.
What Are People Saying About PROSHRED®
Very easy to setup an account, very professional and courteous staff, always on time and deliver great service at a great price! Would Recommend... read moreVery easy to setup an account, very professional and courteous staff, always on time and deliver great service at a great price! Would Recommend especially for small businesses! read less
Michael Bohm12/05/2016Our office, Blair | Caravelli | Irmen Law, LLC has been using ProShred regularly. Excellent service!
Alia Caravelli12/05/2016ProShred is a great company to work with! They are very helpful and the people working there are nice people. We have been... read moreProShred is a great company to work with! They are very helpful and the people working there are nice people. We have been a customer for several years and they have never disappointed us. Give them the opportunity to help you!Dawn NowakQuestcor read less
Dawn Nowak12/05/2014Awesome company! I've used Proshred several times for my shredding needs and have never been disappointed with their service. Fast, reliable, and timely!
Tina Stasi12/05/2018I have received nothing but the best service from Proshred. From coming in my business & giving me a quote - to our monthly service.... read moreI have received nothing but the best service from Proshred. From coming in my business & giving me a quote - to our monthly service. Wonderful people!! read less
Michelle Agena12/05/2014A customer-focused professionally-run company that comes to your house and shreds your private papers as you watch for a surprisingly reasonably price!!! Gave... read moreA customer-focused professionally-run company that comes to your house and shreds your private papers as you watch for a surprisingly reasonably price!!! Gave me estimate over the phone which turned out to be accurate for shredding my 15 large garbage bags of personal papers -- $167 to get it all gone. read less
Pat8/02/2017Highly recommended. Fast professional service.
Rose Simone Bradford12/05/2016ProShred does an excellent job with our shedding needs. The person who comes by and picks up is always friendly and makes sure we all... read moreProShred does an excellent job with our shedding needs. The person who comes by and picks up is always friendly and makes sure we all have put our shedding in the container.
Great valve!!!! read lessDon2/12/2016I brought 40 lbs of paper to get shredded during their open door, 3rd Saturday. They weighed my stuff and then I got to watch... read moreI brought 40 lbs of paper to get shredded during their open door, 3rd Saturday. They weighed my stuff and then I got to watch my items get shredded. I just wish they were a bit closer to Chicago proper. read less
Paquita Poindexter12/05/2017Everything with Proshred is easy, peasy, lemon squeezy. They show up, take the stuff off our hands and shred it. Shortly thereafter they... read moreEverything with Proshred is easy, peasy, lemon squeezy. They show up, take the stuff off our hands and shred it. Shortly thereafter they email me an invoice and a Cetificate of Destruction that we can file away digitally for future reference. Their rates are good too - we did a lot of research before choosing Proshred and are very happy with their service. read less
Deborah Meade12/05/2014Yeah! Bravo! Great!
excellent company; excellent work; excellent employer!Robin1/03/2015We have used then the last two years and they are very secure and very professional and they are in and out in no time.
Diana11/09/2017Dropped off four boxes for shredding. Prompt, friendly service at a very reasonable price.
David3/02/2018Had to use them for my company. They were reliable and trustworthy shredding company.
Candee Sheley12/05/2016Wow, a shredding company that answers the phone!! A company that does what they say they are going to do…come to your location, show... read moreWow, a shredding company that answers the phone!! A company that does what they say they are going to do…come to your location, show up on time, professional people, and fast service.I highly recommend Proshred. read less
Donald Trumble12/05/2016
