Question

Match each law with the corresponding descriptions. Wassenaar Arrangement HIPIAA PCI DSS FERPA GLBA SOX A. controls the way financial institutions deal with private information of individuals. B. Provides privacy for educational records C. protects investors from fraudulent accounting activities. D. International agreement that controls the export of encryption technologies. E. Provides data privacy for safeguarding medical information F. Provides safeguards for credit card tr

Answer 1

Answer:

A. controls the way financial institutions deal with private information of individuals.

Answer is: GLBA

B. Provides privacy for educational records.

Answer is:  FERPA

C. protects investors from fraudulent accounting activities.

Answer is: SOX

D. International agreement that controls the export of encryption technologies.

Answer is: Wassenaar Arrangement

E. Provides data privacy for safeguarding medical information.

Answer is: HIPAA

F. Provides safeguards for credit card transactions.

Answer is: PCI DSS

Explanation:

A. Gramm-Leach-Bliley Act (GLBA) is a federal law. This law deals with the financial institutions. These institutions provide financial services like loans. insurance etc and this law controls and deals with how these institutions handle and protect the confidential information of individuals i.e. their customers private data.

B. Family Educational Rights and Privacy Act (FERPA) is a federal law which deals with the privacy of academic records of students. Academic record include the student's transcripts, contact information, reports related to discipline, conduct and exam reports. These records can be viewed by the parents of the children and these records are protected by the institutions and they are not allowed to disclose or release this information to others.

C. Sarbanes-Oxley Act SOX is an act which protects from the fraudulent accounting activities by companies and the companies have to conform to the SOX. It also provides protection for financial records.

D. Wassenaar Arrangement is export control agreement for weapons and critical goods, equipment and technologies. It controls the spread and delivery of such equipment and technologies that can cause destruction of any kind thus considering the international and regional peace and security.

E. Health Insurance Portability and Accountability Act (HIPAA) is an act that deals with the provision of medical data and health information protection. This information can also be in electronic form. So many health care systems and applications which provides security such as by controlling access to the medical information of an individual and at the same time provides facilities and flexibility by adopting new technologies which has improved the patient and health care.

F. The Payment Card Industry Data Security Standard PCI DSS deals with the protection of credit, debit and cash card transactions. PCI DSS have some policies regarding the security. These policies ensure to improve the security of the card transactions and the goal is also to provide the card holder with the protection from the misuse of their sensitive data. So the companies are required to accept or process the data of the cardholder in a secure way. This will protect the card holder against data breaches.