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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company in maintaining a document disposal program that meets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®
This was a great experience. It was quick and I saw my documents being shredded
Pam3/23/2017Proshred of Houston was a great experience. Travis Price, the driver was courteous and completed the job quickly.
Judy9/12/2018These are the guys to use!!! I would definitely recommend...
Brock12/20/2016ProShred was great! Very prompt and very affordable! Harold was very nice and helped in so many ways! Would definitely recommend them and use... read moreProShred was great! Very prompt and very affordable! Harold was very nice and helped in so many ways! Would definitely recommend them and use them again! Thanks guys!!! read less
Craig3/03/2017I recently signed up my company, The Leukemia & Lymphoma Society, to receive monthly service from Proshred. I could not have made a better decision.... read moreI recently signed up my company, The Leukemia & Lymphoma Society, to receive monthly service from Proshred. I could not have made a better decision. They are always timely and secure and, most importantly for a nonprofit, are incredibly well priced. I used to put off cleaning out my locked file cabinet due to the amount of time I would spend sitting by the shredder. With Proshred, I can ensure that all of our constituent's sensitive information is treated with care and security, and I don't even have to think twice about it. Thank you, Proshred! read less
Ashleigh Ross12/05/2014This process was very time consuming and even after we spent hours shredding documents we worried if the information was securely disposed off when we... read moreThis process was very time consuming and even after we spent hours shredding documents we worried if the information was securely disposed off when we threw it in the recycling. Now we have no worries and all we do is fill their box and they take care of all our problems. read less
Victor Solarte12/05/2014The team is always friendly and efficient.
Carol McGury6/05/2019Good, Professional Service. We will continue to use them for our future shredding needs!
Mike Mackaluso12/05/2014Thank you for taking care of my client's documents on site. Easy to schedule, on time and courteous!
Gabrielle2/08/2017Highly recommended. Fast professional service.
Rose Simone Bradford12/05/2016Made my shredding experience as hassle free as possible. Will use them again for my companies shredding needs.
Shannon Kampf12/05/2014Awesome service! I would certainly highly recommend using Proshred for your business, they are very efficient and always a pleasure to work with.
Pearl Chitava12/05/2016We do an annual Shred Event for our real estate business, and this Pro Shred operation is the perfect business partner. Locally owned, Mike and... read moreWe do an annual Shred Event for our real estate business, and this Pro Shred operation is the perfect business partner. Locally owned, Mike and his crew run a top notch business. Professional, the best trucks and equipment, always on time, everyone is so friendly - this is why we love and support local businesses. Keep up the great work! read less
Carol5/23/2017Awesome company! I've used Proshred several times for my shredding needs and have never been disappointed with their service. Fast, reliable, and timely!
Tina Stasi12/05/2018We have love working with Proshred. This is our 3rd year with them and have been thrilled with their service. We really appreciate that they... read moreWe have love working with Proshred. This is our 3rd year with them and have been thrilled with their service. We really appreciate that they shred onsite, so we never have to worry that any confidential records have left our location. Their prices are reasonable and their employees are professional. I would recommend Proshred to any size company, read less
ande kubis12/05/2014
