Gramm-Leach-Bliley Act (GLBA)
What is the Gramm-Leach-Bliley Act (GLBA)
GLBA is the Gramm-Leach-Bliley Act and is and act that specifically designed for financial institutions in the State of California but GLBA also applies to any business or company that handles customer information. The purpose of this act is to protect the financial information of customers, and penalize any business or bank that fails to do so.
Who is subject to GLBA Compliance?
All financial institutions and businesses are required design, implement and maintain safeguards to protect customer information from the hands of identity thieves. The GLB Act mandates that organizations provide consumers with privacy notices that outline the institutions’ information-sharing processes. Likewise, consumers have the right to withhold some – but not all – information for sharing.
What are my Rights Under GLBA?
Consumers and customers are able to say no to, or opt out of having their sensitive information shared with some third party sources. The privacy notice needs to outline that this can be done, with reasonable solutions for doing so. For instance, offering a toll-free telephone number or a detachable form with a pre-printed address is a sensible method for consumers or customers to opt out. Requiring a signed letter by an individual as a means of opting out on the other hand, is not a reasonable solution. The privacy notice needs to also explain that consumers have the ability to say no to the sharing of certain details, such as credit report or application information with the financial institution’s partners.
Who does GLBA Protect?
The GLBA secures any consumer’s financial information, specifically in association with online banking, e-commerce and the transfer of electronic records. The information security requirements of GLBA outlines that all regulatory agencies and authorities are to design administrative, technical and physical precautionary measures in an effort to create adequate security, keep information protected against threats, and protect against unauthorized access of private information.
Why is GLBA Important?
The success of any financial institution centers around a customers’ readiness to place their personal finances in that institution’s trusted hands. For many years, bank vaults, safety deposit boxes, security systems, and guards offered clear visible signs of safety and protection to a financial institution’s clients. Today though, these assets are more difficult to see. Banking and financing primarily operates electronically, which means clients’ financial and other private information is being hosted and shared on servers and work stations across the globe. Guaranteeing the security of this confidential information was the motivation behind the Gramm-Leach-Bliley Act (GLBA), which became a law on November 12, 1999.
The Gramm–Leach–Bliley Act of 1999 was the Congressional act that abolished sections of the Glass-Steagall Act of 1933. Today, the Glass-Steagall Act is recognized for maintaining a separation between commercial banking and investment banking.
Where can I find more information about GLBA?
To learn more, visit this link: https://www.ftc.gov/tips-advice/business-center/privacy-and-security/gramm-leach-bliley-act
What People Are Saying About PROSHRED®
My office had over 33 banker's boxes of paper and we felt it was time to move on. We looked into a few other shredding... read moreMy office had over 33 banker's boxes of paper and we felt it was time to move on. We looked into a few other shredding companies, but nothing stood out. Pro shred simply had the best services and price points. Michael, the CEO, was very friendly and professional. He was able to get us scheduled for the week after we called! Romero, one of the employees, came in a few hours earlier than expected but it was at a time that worked better for us. Romero was also very friendly and helpful in terms of explaining the shredding process. I was able to watch the documents get shredded via a TV screen on the side of their truck. Overall, this is a very well run business. We will recommend them to all of our connections. read less
Andrew C.9/02/2015We 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
Carol5/23/2017Had 3 boxes of old personal docs to get rid of. Called around Livermore, and Proshred had the best deal (by a factor of... read moreHad 3 boxes of old personal docs to get rid of. Called around Livermore, and Proshred had the best deal (by a factor of 2!). Went there, and it took about 2 minutes to offload, pay, and leave. Angel was great! read less
Gary D.8/28/2015Pro shred pleasanton fantastic company Pro shred employee great Worker fast and efficiency. Super job well maintained
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A... read morePro shred pleasanton fantastic company Pro shred employee great Worker fast and efficiency. Super job well maintained
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A try you will like.the guy that serviced us did very nice job
Hard worker seem dedicated clean cut and fast and friendly ! read lessJim Feaster4/22/2019Pro shred pleasanton ca
Fantastic company
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A try you will... read morePro shred pleasanton ca
Fantastic company
Pro shred employee great
Worker fast and efficiency.
Super job well maintained
Equiptment real nice job
Today !
I highly reccomend.give them
A try you will like.the guy that
Serviced us did very nice jobk
Hard worker seem dedicated
Clean cut and fast and friendly ! read lessA Google User4/22/2019I have to arrange shredding for clients who are serviced in many locations. Proshred San Francisco Bay Area gives them amazing service at great value... read moreI have to arrange shredding for clients who are serviced in many locations. Proshred San Francisco Bay Area gives them amazing service at great value which gives me peace of mind. I have no hesitation recommending them to any of my clients. read less
S D Bryerman1/31/2016So... for the last 15 years have been collecting taxes, documents, paperwork, utilities, bank statements, my life in short which in bags needed to be... read moreSo... for the last 15 years have been collecting taxes, documents, paperwork, utilities, bank statements, my life in short which in bags needed to be shredded! I was so worked about fraud/safety etc, but upon calling, Mike the owner, took my call and within a week, his crew were there, reliable, safe quick and so professional; they essentially require nothing but for you to have the paperwork there for them to shred, safely, at your site, until it is further compressed at their site. Angel at their office, was extremely sweet ensuring that the visit went well and between Mike, who could not be kinder and more professional and Angel, you are provided with a team of expertise and graces! They also illicit confidence for those out there, worried about safety of Identify etc. They are the BEST in the west, and I would encourage anyone out there seeking to have their documents shredded to use them. PLUS you don't even need to own a cumbersome shredder... with their great prices and quick efficient timely service, nothing could be easier than this. Peace of mind and great ppl! Thank you so much Mike and Angel!! You are both phenomenal and provide an amazing service, that feels SO good to all who are needing this in their lives! read less
Valerie G.1/08/2016It is very rare to find a company that actually does what it says it is going to do. To feel like your presence is... read moreIt is very rare to find a company that actually does what it says it is going to do. To feel like your presence is welcome and not just your money. When I contacted Proshred, I just wanted better security protocols for my company but what I got was someone who cared about our company. I got the president of the company to contact me directly. He was the one who sent me the estimate, scheduled the time and showed up at my door. He was so cheerful and passionate about his business. And; that is so rare to find. He gave me a brief overview of the protection that my company should have, delivery details and a quick contract. If I have any issues? I have the direct contact information for the President of the company. That is beautiful!!! It is a small business, but it is definitely worth looking into. I love, love, love the fact that I got a response so quickly and my company feels valued.
Thank you!!!!
From your friends at Stella & Dot, San Bruno, CA. read lessD N2/08/2014The service was excellent and at a very fair price!
Mary Ann Crudo3/25/2021What an amazing locally owned company! I was looking for a place to take tons of paper and I was lucky enough to see that... read moreWhat an amazing locally owned company! I was looking for a place to take tons of paper and I was lucky enough to see that Proshred San Francisco is based in Pleasanton! I went in and met a helpful and sweet receptionist. I drove my car to the back where owner Mike took over. He was so kind and thoughtful. He was able to shred all my papers and give me a great price also. I highly recommend Proshred for all your paper shredding needs. read less
Shari N.11/23/2015It is very rare to find a company that actually does what it says it is going to do. To feel like your presence is... read moreIt is very rare to find a company that actually does what it says it is going to do. To feel like your presence is welcome and not just your money. When I contacted Proshred, I just wanted better security protocols for my company but what I got was someone who cared about our company. I got the president of the company to contact me directly. He was the one who sent me the estimate, scheduled the time and showed up at my door. He was so cheerful and passionate about his business. And; that is so rare to find. He gave me a brief overview of the protection that my company should have, delivery details and a quick contract. If I have any issues? I have the direct contact information for the President of the company. That is beautiful!!! It is a small business, but it is definitely worth looking into. I love, love, love the fact that I got a response so quickly and my company feels valued.
Thank you!!!!
From your friends at Stella & Dot, San Bruno, CA. read lessA Google User2/08/2014This is a great local business! I visited this business for the first time this morning. I met the owner Michael and his wife... read moreThis is a great local business! I visited this business for the first time this morning. I met the owner Michael and his wife Angel who were very accommodating to my needs. They were able to properly take and shred my sensitive documents that have been lurking in my garage for several years. This business is not open on weekends but Michael was still open to taking in my documents to help me out. The actual facility is meticulously clean. I have been to several shredding businesses and every time I walked into one of them I was greeted with a plume of dust which is not great for allergies! This business is spotless and very orderly. Their prices are very reasonable at $30 for 4 banker boxes. If you compare this to Office Depot, they charge you by the pound with a single banker box potentially costing you $30+! Michael, the owner, didn't even weigh my documents and he charged me the minimum fee which I greatly appreciate. There is something to be said about a good local small business ran by a young family. It is definitely refreshing and I highly recommend ProShred for anyone's document shredding needs big or small! read less
Michael W.2/01/2016Super easy and affordable. Came in with two boxes that needed to be shred and they took them right away for $30.00. They even helped... read moreSuper easy and affordable. Came in with two boxes that needed to be shred and they took them right away for $30.00. They even helped me bring in the second box. I have already recommended them to family in the area. Thanks Proshred. read less
Playful Learning Coop Preschool M.12/02/2015Guaranteed service, and at a lower cost than at Office Depot. It is, after all, their core business.
Kevin Short7/29/2019Drove up and the guy took my bags of paper right from my car. Minimum charge of $30, which I believe includes 5 bankers boxes.... read moreDrove up and the guy took my bags of paper right from my car. Minimum charge of $30, which I believe includes 5 bankers boxes. I only had 2 half filled Target paper bags so it was a little pricey for a small amount, but I was willing to pay the $30 instead of standing over my shredder trying to shred a few hundred pieces of paper, having it get too warm to continue and stop working on me, and having to go back later to finish the job. Would use again. read less
Danville B.1/30/2016
