SmartPick Backup for GLBA Compliance

The Gramm-Leach Bliley Act

The Financial Modernization Act of 1999, also known as the "Gramm-Leach-Bliley Act" or GLB Act, includes provisions to protect consumers’ personal financial information held by financial institutions. There are three principal parts to the privacy requirements: the Financial Privacy Rule, Safeguards Rule and pretexting provisions. The Financial Privacy Rule governs the collection and disclosure of customers' personal financial information by financial institutions. It also applies to companies, whether or not they are financial institutions, who receive such information. (click here learn more about GLBA)

Apart from financial institutions (Banks, insurance companies, etc.) the GLBA act affects a broad range of companies including:

- Mortgage Brokers	- Financial advisors
- Security firms	- Real estate brokers
- Insurance agents and brokers	- Collection agencies
- Tax preparation services

Complying with the GLBA act and protecting consumer's financial private information not only requires reliable data backup but also a secure method. Performing un-encrypted data backup on tapes, USB disks, or CDROMS compromise compliance and exposes your business to liability lawsuits due to growing menace of identity thefts.

SmartPick Backup Solution

SmartPick provides secure automated offsite backup that enables GLBA compliance without having to implement elaborate procedures and spending precious IT dollars in expensive hardware and software.

• Automated daily backup with email notification.
• Data is automatically transferred to secure offsite location.
• State of the art security -- 448 bit blowfish algorithm that encrypts your data.
• Data is encrypted on your server, before transmitted to our data center and it remains encrypted on our server.
• Data cannot be read without your secret encryption key which is known only to you.
• Your data will stored in high security, class-A data centers in redundant array storage systems that provide over 99.9% data availability.
• Detail daily log files that provides records for compliance audit.

Peace of Mind

Whether your need GLBA compliance or not, it is always prudent to backup your critical business data that includes your clients' private data. SmartPick offsite backup service ensures that your backup data is always secure and is available to you when you need it the most, while helping you comply with federal regulations for HIPAA compliance.