In a world where financial information is invaluable, understanding and complying with the Gramm–Leach–Bliley Act (GLBA) is crucial for financial institutions. This guide will walk you through the essential aspects of the GLBA, helping you ensure your institution is both [...]
The main legal issue involved the court determining whether the investment company (PSG Wealth Financial Planning) had a contractual obligation to protect their client (Gerber) against financial losses caused by cybercrime, specifically when a fraudster hacked the client's email and [...]
The Cybercrimes Act places strict legal obligations on financial institutions. For example, financial institutions must report cybercrimes to the police, and store evidence about cybercrimes that someone may have committed. The Act imposes steep penalties on financial institutions that do [...]
