GLBA Compliance Software


Streamline your IT Governance processes with LogicManager’s comprehensive GLBA Compliance solution package.


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Why a Risk-Based Approach to GLBA Compliance is important:

How LogicManager’s GLBA Compliance Solution Helps

  • Personalize LogicManager home screens to help simplify the complex process of GLBA compliance implementation by bringing your risk and/or regulation owners directly to the information they need, such as a GLBA checklist and a centralized GLBA plan.
  • Our Readiness Assessment breaks down the requirements of GLBA into individual responsibilities, distributes tasks to activity owners, and links them to your existing controls to be documented as evidence of compliance along the way.
  • LogicManager’s One-Click Compliance AI searches through your existing library of controls, policies, and procedures and suggests which ones to leverage for demonstrating GLBA compliance, reducing internal labor costs of compliance.
  • Deploy automated testing of the validity and effectiveness of your existing GLBA controls to provide evidence of your compliance over time.
  • LogicManager’s Event Management functionality allows you to stay on top of any manifestations of noncompliance risks (like fines or legal repercussions) by connecting them to the associated people, policies, procedures, or controls to uncover the root cause and prevent repeat occurrences.
  • Use our Reporting & Dashboard tools to visualize control deficiencies, historical results of compliance, readiness summaries, testing calendars, and more to continually improve your program.

Free Download:
GLBA Compliance Checklist

Download your free copy using the form on this page so that your financial institution
can see exactly what’s needed to protect customer data better!


Achieve GLBA Compliance with LogicManager

Work smarter, not harder

Save time and resources by relying on common frameworks that LogicManager already has set up for your organization. The GLBA compliance checklist is ready to load into your LogicManager Readiness Library, and a GLBA IT Risk Assessment is ready to load into your Risk Library. Your organization can build a plan (or plans) to conduct risk and readiness assessments to determine risk and compliance with requirements of GLBA.

Maintain a centralized repository

Having one centralized location that all departments can access is key to organizing your information. Silos are a thing of the past – by utilizing LogicManager, all departments can access the same information in the same plans, and provide evidence of their compliance with the GLBA checklist or contribute to the risk assessment. This prevents the loss of information.

Satisfy examiners

Having a well documented and formalized assessment of GLBA associated risks and of your compliance with GLBA provides examiners with the assurance they need that your program is working properly. Oftentimes when examiners come in, they will ask for information/documentation proving your compliance with GLBA. Instead of spending weeks collecting loose spreadsheets and files of paperwork from various departments, you can easily access all the information in one centralized location, and provide them with reports covering exactly what they’re looking for.

Advantage of an ERM/GRC platform

Your organization’s compliance with GLBA does not exist within a silo. There are many different teams and departments that are involved to prove your organization’s physical, technical and administrative safeguards against noncompliance. Each of the departments within your organization have a hand in your overall compliance and risk management with GLBA, and all departments must work together to meet requirements, satisfy examiners, avoid serious regulatory fees and legal repercussions. And most importantly, protect your clients’ personal and sensitive information. By using a GRC platform, your organization can rest assured that you’re taking all the necessary measures to carefully remain in compliance with and manage the risks associated with GLBA as well as protecting your clients.

What is GLBA Compliance?

The Gramm-Leach-Bliley Act (GLBA) requires financial institutions – companies that offer consumers financial products or services like loans, financial or investment advice, or insurance – to explain their information-sharing practices to their customers and to safeguard sensitive data. GLBA consists of 3 distinct sections:

  • The Financial Privacy Rule, which regulates the collection and disclosure of private financial information.
  • The Safeguards Rule, which stipulates that financial institutions must implement security programs to protect such information.
  • The Pretexting Provisions, which prohibits the practice of pretexting (accessing private information under false pretenses).

But as your organization is well aware, it’s not enough to simply say that you follow these rules.

According to the FDIC, financial institutions must provide an annual notice at least once in any period of 12 consecutive months throughout the duration of a customer relationship. Collecting that information manually would depend on countless hours and resources. 

GLBA Compliance Risks

Failure to comply with GLBA is a serious offense and could result in millions of dollars in fines to your organization. There are severe penalties; imprisonment for up to 5 years, steep fines or both may be issued. A financial institution can be fined up to $100,000 for each violation, while officers and directors can be fined up to $10,000 for each violation. Not to mention, the disastrous reputational consequences that would inevitably follow. Having a comprehensive GLBA compliance plan helps you avoid these consequences in the long run.

Additionally, if your GLBA compliance efforts are informalized and completed on an ad hoc basis, you’re wasting your organization’s time and energy. The manpower to conduct interdepartmental email chains and navigate various teams’ methods of compliance tracking only takes away from striving to reach more strategic goals.

Book a Demo For LogicManager’s
GLBA Compliance Tools

Want to learn how LogicManager’s GLBA Compliance solution package can help transform your IT Governance program? Start by requesting a free demo today.