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®
Had 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.8/28/2015I worked with Angel and Freddie. These two were the dream team. All logistics were handled over a few emails (very pleasant emails... read moreI worked with Angel and Freddie. These two were the dream team. All logistics were handled over a few emails (very pleasant emails I might add). Freddie was my onsite shredder and he was prompt, very helpful and easy to work with for the shredding. Angel sent the invoice... right away. What a great service! read less
Jeannette E.4/04/2017The experience was seamless and easy. They were on time and very concise about the security of shredding my business documents.Thank you for your help Proshred!
Anthony A.10/25/2019Guaranteed service, and at a lower cost than at Office Depot. It is, after all, their core business.
Kevin Short7/29/2019Proshred is the best, from the initial call, which was returned about 2 minutes after I completed the online request form and hit "send," to... read moreProshred is the best, from the initial call, which was returned about 2 minutes after I completed the online request form and hit "send," to working with Angel to setup my appt., to the rep, I am so sorry I forget his name because he was so polite and a complete professional, to being able to watch the shredding and see evidence that all sensitive documents were turned into tiny little shreds. Price was incredibly reasonable, he called when he was about 10 minutes away from my house, showed up on time and did a perfect job. Wish all service providers were this awesome. read less
Sally M.7/22/2015Fantastic customer service! They are reliable and professional. They offer great rates and there are never any surprises. Everything is explained thoroughly and with our... read moreFantastic customer service! They are reliable and professional. They offer great rates and there are never any surprises. Everything is explained thoroughly and with our best interests in mind. I highly recommend Proshred to anyone looking for shredding services. read less
Dotty D.6/14/2018The receptionist was awesome, sweet. One of the drivers what there and was helpful by taking the two boxes from my car and putting... read moreThe receptionist was awesome, sweet. One of the drivers what there and was helpful by taking the two boxes from my car and putting them into the truck with the shredder. He showed my how the shedder worked..Quick service and easy, would got there again it shredding was needed... read less
E E.5/26/2016I called to inquire about hard disk drive shredding. Michael answered the phone and said I can come by and it will be taken... read moreI called to inquire about hard disk drive shredding. Michael answered the phone and said I can come by and it will be taken care of.I showed up 30 minutes later. Very nice, clean facility. I even watched as the drives were being shredded and received a certificate. read less
Puzzik f.6/10/2015Was getting prepared to move and realized I had bills dating back to 1999... I was totally stressed about how to shred all this confidential... read moreWas getting prepared to move and realized I had bills dating back to 1999... I was totally stressed about how to shred all this confidential info and how long it would take to do so!! I decided to look up shredding companies and as a fluke came across Pro SHRED.. THANKS GOD I did... they came to my house let me watch the shredding process, sent me a invoice and document confirming the shred.. I worked with Angel and her names fits she was an angel!! I LOVED this company. Everyone has been super friendly courteous prompt and easy to deal with! If everything in life could go as smoothly!! I will for sure recommend you to my clients and friends. read less
Debbie C.2/09/2017It 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 User2/08/2014It couldn't have been easier! Spoke with Angel - she's great. She gave me an appointment time window. The truck arrived a little earlier than... read moreIt couldn't have been easier! Spoke with Angel - she's great. She gave me an appointment time window. The truck arrived a little earlier than the committed time which was perfect and the shredding was done in a flash! I am not sure why I waited so long to get rid of all these old documents. Affordable and very very easy ... read less
Steve G.3/17/2016I just came from Proshred in Pleasanton, was greeted so warmly and kindly by the receptionist, gave me instructions on what to do, drove to... read moreI just came from Proshred in Pleasanton, was greeted so warmly and kindly by the receptionist, gave me instructions on what to do, drove to the back of building, was greeted by the owner, I believe April was her name and she was so kind, informing and professional. She took care of the process and reasonably priced, for sure my go to place from now on. read less
Rodney Figueroa6/04/2019Super awesome company! Used them for first time this last week. Booking was super fast and the owner herself calls you, no-nonsense, no hidden fees.... read moreSuper awesome company! Used them for first time this last week. Booking was super fast and the owner herself calls you, no-nonsense, no hidden fees. Guy came to me today. 22 boxes & a hard drive & seriously a great price! They are green and don't charge by box, charges by the trash bin. I filled 2 & not even a 1/4 of a third. Was on time, done in 20 minutes. Super rad. Left me all my boxes so I can go back and fill them up as I need, but hopefully I won't need them all, as I've gone green in the last 9 years!Fredrick was extremely nice & professional, even at 7 am!! Will definitely use them again. read less
Traci H.10/19/2017Great service. Fast, secure and reasonably priced. Don't deal with the big guys - locally run business.
Joe C.3/30/2016Excellent company to work with. I had a bad fail with another company and I needed same day service. Proshred was the only company in... read moreExcellent company to work with. I had a bad fail with another company and I needed same day service. Proshred was the only company in the Bay Area that was able to accommodate. Easy, helpful, and courteous team. read less
Jen G.3/29/2017
