SMB Nation Blog

SMB Nation has been serving the Bainbridge Island area since 2001, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Compliance in the Cloud: What you Need to Know about the Graham-Leach-Bliley Act

Danielle Sheer newBy Danielle Sheer, VP and General Counsel, Carbonite; and Alan Guichard, Northeastern University School of Law

In this month’s edition of “Compliance in the Cloud” we take a look at the Gramm–Leach–Bliley Act and the downstream compliance requirements on cloud service providers. The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, focused on reforming the financial services industry, in part by removing regulations that prevented the merger of banks, stock brokerage companies and insurance companies.  As a result of permitting these types of mergers, however, financial institutions have access to an incredible amount of personal information.

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