CREST Practitioner Security Analyst (CPSA) Practice

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The acronym GLBA refers to which act?

  1. Gramm-Leach-Bliley Act

  2. General Liability Business Act

  3. Government Law and Business Administration Act

  4. Global Loss Business Act

The correct answer is: Gramm-Leach-Bliley Act

The acronym GLBA stands for the Gramm-Leach-Bliley Act, which is significant legislation in the United States that enacted reforms to financial services. Specifically, this act allows financial institutions to share consumer financial information with third parties, provided they offer a privacy notice to consumers. The Gramm-Leach-Bliley Act aims to enhance consumer protection in terms of privacy and data security, and it imposes certain requirements for the handling of a customer’s personal financial information by businesses. Both the context of the GLBA and its importance within the realm of financial privacy regulations underscore why this option is the correct identification of the acronym. Other options provided do not correspond to widely recognized acts or laws, and therefore, they lack the relevance and specificity associated with financial privacy legislation.