What is NPI Glba?
GLBA terms protected information as “nonpublic personal information” or “NPI.” NPI is “personally identifiable financial information: (i) provided by a consumer to a financial institution, (ii) resulting from a transaction or service performed for the consumer, or (iii) otherwise obtained by the financial institution.” …
What does the Gramm-Leach-Bliley Act do quizlet?
Terms in this set (30) ensure that financial institutions, including mortgage brokers and lenders, protect nonpublic personal information of consumers. The law also requires financial institutions to give consumers the opportunity to “opt out” of the sharing of personal information.
What is the main purpose of the Gramm-Leach-Bliley Act?
The Gramm-Leach-Bliley Act 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.
What can you do to help protect NPI?
Avoid using easily available personal information in your passwords such as your mother’s maiden name, your birth date, your Social Security number, or phone number. Change your passwords often. If you shop or bank online, make sure the websites employ encryption to protect your financial information.
Is full name personal data?
Personal data is information that relates to an identified or identifiable individual. What identifies an individual could be as simple as a name or a number or could include other identifiers such as an IP address or a cookie identifier, or other factors.
What is Title V of the Gramm Leach Bliley Act?
Title V, Subtitle A of the Gramm-Leach-Bliley Act (“GLBA”)1 governs the treatment of nonpublic personal information about consumers by financial institutions. Section 503 requires the institution to provide notice of its privacy policies and practices to its customers.
What is considered NPI in relation to the Gramm Leach Bliley Act protect?
The Privacy Rule protects a consumer’s “nonpublic personal information” (NPI). NPI is any “personally identifiable financial information” that a financial institution collects about an individual in connection with providing a financial product or service, unless that information is otherwise “publicly available.”
What are the four types of personal information?
The following are common types of personal information.
- Name. A person’s name.
- Identification. Government issued id numbers such as a passport number or vehicle license plate.
- Address. Physical address and digital addresses such as an IP address.
- Biological Identifiers.
What are the 3 sections of the GLBA?
As part of your GLBA compliance requirement, you are required to meet the three sections of the Act. These sections include The Financial Rule, The Safeguards Rule, and The Pretexting Provisions.
Who is exempt from data protection fee?
Maintaining a public register. Judicial functions. Processing personal information without an automated system such as a computer. Since 1 April 2019, members of the House of Lords, elected representatives and prospective representatives are also exempt.
What is considered personally identifiable financial information?
So, the rule definition of personally-identifiable financial information is any information that a financial institution obtains about a consumer— everything from the value of a consumer’s home obtained in the process of approving a loan, to the fact that an individual even has a loan with a particular institution.
What is not considered personal information?
Non (Personally Identifiable Information) PII Data Non-PII data, is simply data that is anonymous. This data can not be used to distinguish or trace an individual’s identity such as their name, social security number, date and place of birth, bio-metric records etc.
Is a loan number sensitive information?
The most common definition of “personal information” refers to a consumer’s first name and last name linked to any one or more of the following data elements that relate to the consumer, when the data elements are neither encrypted nor redacted: Social Security number; driver’s license number or state identification …
What are examples of Nppi?
This includes, but is not limited to, financial information; medical or health related information; credit history; income; financial benefits; application, loan or claim information; names or lists of individuals derived from nonpublic personally identifiable information or otherwise derived from Ally Financial, Ally …
What are examples of NPI?
Examples of NPI covered by GLBA are: Name, address, income, social security number or other information on an application.
What are three examples of personal information?
Examples of personal information are: a person’s name, address, phone number or email address. a photograph of a person. a video recording of a person, whether CCTV or otherwise, for example, a recording of events in a classroom, at a train station, or at a family barbecue.
What is regarded as personal information?
Personal information includes a broad range of information, or an opinion, that could identify an individual. For example, personal information may include: an individual’s name, signature, address, phone number or date of birth. sensitive information.
What is a GLBA risk assessment?
The Gramm Leach Bliley Act (GLBA) specifies what financial institutions are required to do to protect the privacy of their customers. Our GLBA Risk Assessment involves: Listing each technology and vendor service and categorizing these systems based on the data they process or store.
How does the Gramm-Leach-Bliley Act define a customer?
The Gramm–Leach–Bliley Act defines a “consumer” as. “an individual who obtains, from a financial institution, financial products or services which are to be used primarily for personal, family, or household purposes, and also means the legal representative of such an individual.”