Question

5. Which of these things does GLBA not require financial institutions to do?: a. The law requires these institutions to explain how they use and share your personal information. b. The law requires financial institutions to provide customers with their internal security policy. c. The law also allows you to stop or "opt out" of certain information sharing. d. The law requires that financial institutions describe how they will protect the confidentiality and security of your information.

Answer 1

Answer:

B.

Explanation:

The Gramm-Leach Bliley Act (GLMA) is an act authorized by federal law of the United States. GLMA is also known as Financial Modernization Act of 1999 that describes how personal information of customers is protected or shared.

This act set guidelines for financial institutions to share to it's customers how their private or sensitive information is shared, from what informations a customer can 'opt-out' to share, and, how they protect the customer's confidential information.

Thus from the given options, the thing that GLBA does not require financial institutions to do is to provide customers information on how their internal security policy works.

Therefore, the correct answer is option B.