Compliance Services

GLBA Services

GLBA Risk Assessment Services

The Gramm-Leach-Bliley Act (GLBA), also referred to as the Financial Services Modernization Act of 1999, establishes guidelines for the handling of nonpublic personal information about consumers by financial institutions. GLBA applies to all organizations, no matter the size, that are “significantly engaged” in providing financial products or services to consumers. The penalties for non-compliance are severe, including fines and imprisonment. Organizations can be fined up to $100,000 for each violation, and directors can be fined up to $10,000 for each violation.

Compass IT Compliance can perform a risk assessment of your organization’s GLBA program as compared to the inter-agency guidelines which establish information disclosure and safeguarding standards surrounding nonpublic personal information. A Compass GLBA risk assessment will evaluate the following areas:

  • Notice Requirements
  • Opt-Out Provisions
  • Contracts
  • Board Involvement
  • Risk Assessment
  • Risk Management and Controls
  • Service Provider Oversight
  • Training
  • Program Adjustment
  • Implementation of the Standards, including:
    • Physical security at branch locations of servers
    • Equipment
    • Confidential information


  • GLBA Risk Assessment Report - This report will outline the financial institution’s safeguarding standards against the requirements of the Gramm-Leach-Bliley Act. The GLBA Risk Assessment report will outline the findings of the assessment and prioritize these findings according to the level of risk posed to the financial institution
  • Executive Summary Report - This report will provide a high-level overview of the assessment process, methodology used, and overall risk to the organization based on the results of the assessment

Let Compass IT Compliance assist your organization in assessing any risks present through our GLBA Risk Assessment so you can secure your customer data environment, comply with regulatory compliance requirements, and save time, money, and resources in the process. Contact Us today to discuss your unique situation. Secure. Comply. Save.

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