The Gramm-Leach-Bliley Act (GLBA) is a crucial federal legislation from 1999 that aims to protect client data in financial institutions. It mandates institutions offering financial services, like loans, investment advice, and insurance, to secure customer information and provide transparency about how their information is used.
GLBA applies to companies offering financial services, with the Federal Trade Commission (FTC) overseeing enforcement and compliance.
Financial institutions handle large amounts of highly confidential files regularly. As they heavily rely on faxing to share documents, the regulatory body of GLBA has established specific requirements to guarantee safe and secure transmissions.
To ensure GLBA compliance, an online faxing service must incorporate various security measures. These include encrypting faxed documents, utilizing secure transmission methods, and implementing safeguards against unauthorized access to faxed documents.
iFax is a cost efficient solution for banks, credit unions, brokerage firms, and insurance companies seeking to ensure compliance with GLBA regulations.
Our online faxing solution incorporates various security features specifically crafted to safeguard the confidentiality and integrity of transmitted information. These features include 256-bit encryption, secure fax transmission, and GLBA-compliant file sharing solutions.
