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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company in maintaining a document disposal program that meets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®
Yeah! Bravo! Great!
excellent company; excellent work; excellent employer!Robin1/03/2015I LOVE Proshred! I have been with them almost a year and I couldn't be happier with the results. Fast, friendly service and no more... read moreI LOVE Proshred! I have been with them almost a year and I couldn't be happier with the results. Fast, friendly service and no more time spent "hanging out" by the shredder for me or my employees. We drop it in the bin and from our minds. read less
Nicole Kleidon12/05/2016I have been using ProShred for the past 3 years in our office and find them to be helpful and prompt when needing their services... read moreI have been using ProShred for the past 3 years in our office and find them to be helpful and prompt when needing their services and I find them to be very reasonable in the pricing. Makes things alot easier around our office when it's time to do a cleanup.Thank you Pro Shred! read less
Peggy Capes12/05/2016Excellent, timely and professional service. But, that's not all: this is a company that GIVES BACK to our communities - by being an active... read moreExcellent, timely and professional service. But, that's not all: this is a company that GIVES BACK to our communities - by being an active and supportive MEMBER of the Midstate Chamber of Commerce AND they also go above and beyond and host special COMMUNITY shredding events throughout the year, and some of those benefit charitable organizations. That deserves more than 5 stars... read less
Rosanne12/19/2016Great service have been very satisfied, thank you!
Walter Sheldon12/05/2016ProShred was really helpful in instruction on how they quote. They were very prompt and reasonable pricing. The person who done our work... read moreProShred was really helpful in instruction on how they quote. They were very prompt and reasonable pricing. The person who done our work order was quick, and very efficient. I would highly recommend them. read less
Diane11/01/2016Always courteous, very flexible. Employees are always in a great mood and respectful.
Renae Hernandez12/05/2016Made my shredding experience as hassle free as possible. Will use them again for my companies shredding needs.
Shannon Kampf12/05/2014Excellent to work with. Scheduling and process was easy, convenient and stress free. Will keep using Proshed and will kindly recommend.
Felicia Shotkoski12/05/2014Thank you so much for all of your help and quality service. We couldn't be happier with the service we have received from you.... read moreThank you so much for all of your help and quality service. We couldn't be happier with the service we have received from you. Our contact Alicia Babin has been outstanding to work with. Highly recommend this company! read less
Kim6/20/2018Dropped off four boxes for shredding. Prompt, friendly service at a very reasonable price.
David3/02/2018Proshred offers peace of mind. Peace of mind is priceless.
Susan4/21/2015Pro-Shred is the best thing since sliced bread, and a must for any work-from-home professional. Stop wasting time and money on those forever-jamming... read morePro-Shred is the best thing since sliced bread, and a must for any work-from-home professional. Stop wasting time and money on those forever-jamming dusty and noisy paper shredders. Let Proshred deal with all. read less
Aaron5/13/2017Proshred is the most trusted, reliable and secure document shredding company. I wouldn't work with any other company, although some have tried to get my... read moreProshred is the most trusted, reliable and secure document shredding company. I wouldn't work with any other company, although some have tried to get my business. The employees are personable and efficient. Never a problem in over 5 years of working with them. Thank you for your service. read less
Michele Zajac12/05/2014Our Company used Proshred in February and Jim called the morning as he said he would do. He was on time and did what... read moreOur Company used Proshred in February and Jim called the morning as he said he would do. He was on time and did what they promised to do. I plan to use them the next time we need this done. I would recommend them for all your shredding needs.J. Johnson read less
Julie Johnson12/05/2014
