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By purging outdated files or placing one of our locked security consoles in your office, PROSHRED® can assist your company in maintaining a document disposal program that meets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®
Great service have been very satisfied, thank you!
Walter Sheldon12/05/2016We have been using pro-shred for several years. They are always on time and do a great job. They are also much more cost... read moreWe have been using pro-shred for several years. They are always on time and do a great job. They are also much more cost effective than some of the other services in the area. I highly recommend Proshred! read less
Nate Olson12/05/2016Made my shredding experience as hassle free as possible. Will use them again for my companies shredding needs.
Shannon Kampf12/05/2014Been using their services for over a year and am always impressed by the level of professionalism exhibited. Always prompt, always on-time, always courteous, and... read moreBeen using their services for over a year and am always impressed by the level of professionalism exhibited. Always prompt, always on-time, always courteous, and always fair in pricing. What more can one ask in a service? They are simply the best shredding company one can use - bar none! read less
John G Kaleel12/05/2018-
This company is the best in the business!!! Outstanding prices and customer service!! We will never go back to the nightmare of our old company... read moreThis company is the best in the business!!! Outstanding prices and customer service!! We will never go back to the nightmare of our old company (Shred-it) EVER! Company’s should take note from Proshred on all aspects for how business is suppose to go! Hats off to all the Proshred team!!! read less
Jillian4/11/2019 We 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 kubis12/05/2014Simone and her team are truly dedicated to making it extremely simple for your company to destroy any and all of your documentation. The peace... read moreSimone and her team are truly dedicated to making it extremely simple for your company to destroy any and all of your documentation. The peace of mind you get from knowing it was taken care of properly without any liability concerns is priceless. read less
Brett6/25/2015Pro Shred always takes care of the shredding needs at our place of business. I find Ken and his team to be totally professional,... read morePro Shred always takes care of the shredding needs at our place of business. I find Ken and his team to be totally professional, fairly priced, and easy to work with. I recommend them whenever I can. read less
Kandie9/22/2017Very 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 Bohm12/05/2016Cannot say enough good things about Proshred. Professional, timely service. Excellent customer service. Top-tier security that not only provides peace of mind... read moreCannot say enough good things about Proshred. Professional, timely service. Excellent customer service. Top-tier security that not only provides peace of mind but also helps keep our firm compliant with regulatory requirements. Great pricing and a local company! Highly recommended! read less
Meredith Oliver12/05/2016-
My documents were shredded within a few minutes...very pleasant staff.
Jay10/20/2019 Quick, easy and very reasonable....The place to go!
Bruce12/11/2017Convenient and easy to get rid of your paperwork without having to shred yourself or worry about it falling into the wrong hands. Just call... read moreConvenient and easy to get rid of your paperwork without having to shred yourself or worry about it falling into the wrong hands. Just call ahead to make sure the truck is available and not out on a job. read less
Nancy Kirk12/05/2018Take everything you want to be shredded there and they will do it for you on the spot.
Kevin Bowen7/05/2019
