Why Penetration Testing Is Crucial for GLBA Compliance?

Source Link: https://qualysec.com/penetration-testing-for-glba-compliance/ 

In the realm of cybersecurity, GLBA‘s primary role is to ensure that financial institutions protect and maintain the confidentiality of their clients’ nonpublic personal records (NPI). This protective function, which covers any personally identifiable statistics collected from a purchaser while providing a monetary product or service, or such records submitted to the institution via some other business enterprise, instills a sense of security and reassurance among customers.

The GLBA is enforced and regulated using numerous groups, the Federal Trade Commission (FTC) in general but also involving the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS).