Understanding the Data Protection Requirements of the GLBA Assignment Help HIPPA & GLBA SECURITY LAWS
Understanding the Data Protection Requirements of the GLBA
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To be one of the GLBA complaints, financial companies need to communicate to customers on ways of sharing the customers private data, inform customers on the right to opt-out when they prefer that the private data never gets shared with third parties along with applying particular safety to customer’s individual data with regards to written information safety plan developed by the institution (“What’s GLBA Compliance? The Main Components of GLBA, ITperfection”, 2021). The GLBA can also be referred to as Financial Modernization 1999 Act, a US Federal law needing financial institutions to explain ways of sharing and safeguarding the customers classified information (“What is GLBA Compliance? Understanding the Data Protection Requirements of the Gramm-Leach-Bliley Act in 2021”, 2021)
The following section describes the requirements of privacy and security in HIPAA employed in healthcare. The HIPAA Privacy rule has the first requirement that emphasizes one to use policies and procedures restricting entry to and utilization of safeguarded health information based on worker’s roles. It also needs one to get authorization in writing use before the disclosure of their safeguarded health information. The security rule of HIPAA needs one to ensure there is confidentiality, availability, and integrity of each e-PHI they develop, obtain or transmit (Compliance & Standards, 2021)
GLBA and HIPAA have several common elements. The first element emphasizes the need for worker training followed by similar penalties and fines, the need to utilize safe service providers to handle classified information responsibly for compliant entities (“GLBA & HIPAA: How They Overlap”, 2021). The HIPAA and GLBA have three standard security programs that have elements of security provision, ensuring compliance and even safeguard against threats (“GLBA and HIPAA Information Security Program – Secure Purdue – Purdue University”, 2021)
The differences are apparent as HIPAA handles health consumers’ individual information while GLBA handles financial consumers’ private information. The second difference is that HIPAA gets enforced by The Department of HHS while GLBA gets enforced by FTC. The third difference is that GLBA contains pretexting rules to safeguard against the practice of gaining private information via pretenses, while HIPAA lacks this (“Laboratory Manual to Legal Issues in Information Security: Lab 3 Divya Aradhya”, 2021)
HIPAA gives more insights into the information policy as it has more information than GLBA (“Summary of the HIPAA Security Rule”, 2021)
HIPAA doesnt specify the length for training however gives much insights on training than GLBA as it needs claims that each member needs a kind of training (“TeachPrivacy”, 2021)
When using both the GLBA and HIPPA laws, the company needs to give customers information-sharing policies on disclosure concerns of NPIA for third parties.
This is due to customers have the right of opting out of NPI sharing unaffiliated companies (Walrath, 2017)
Compliance, S., & Standards, K. (2021).Key HIPAA Data Security Requirements and Standards. Blog.netwrix.com. Retrieved 12 September 2021, from .
GLBA & HIPAA: How They Overlap. Total HIPAA Compliance. (2021). Retrieved 12 September 2021, from .
GLBA and HIPAA Information Security Program – Secure Purdue – Purdue University. Purdue.edu. (2021). Retrieved 12 September 2021, from .
Laboratory Manual to Legal Issues in Information Security: Lab 3 Divya Aradhya. Divyaaradhya.com. (2021). Retrieved 12 September 2021, from .
Summary of the HIPAA Security Rule. HHS.gov. (2021). Retrieved 12 September 2021, from .
TeachPrivacy. HIPAA TRAINING REQUIREMENTS: FAQ. (2021). Retrieved 12 September 2021, from .
Walrath, D. (2017). Privacy and Information Disclosure: An Economic Analysis of the Gramm-Leach-Bliley Act.Policy Perspectives,24, 55.
What is GLBA Compliance? Understanding the Data Protection Requirements of the Gramm-Leach-Bliley Act in 2021. Digital Guardian. (2021). Retrieved 12 September 2021, from .
What’s GLBA Compliance? The Main Components of GLBA, perfection. perfection – Network Security. (2021). Retrieved 12 September 2021, from .
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