Gramm Leach Bliley Safeguards Compliance | Transcend Data Privacy Infrastructure

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Gramm Leach Bliley Act compliance

Get the visibility you need to comply with the Gramm Leach Bliley Act (GLBA) and the Safeguards Rule using Transcend’s simple data governance solutions. Transcend’s automatic data discovery and mapping capabilities help companies meet GLBA requirements with ease.

NEW TO GLBA COMPLIANCE?

What businesses need to know

GLBA, originally passed in 1999, has long set the standard for how the financial industry handles nonpublic personal information (NPI) about finances. Recent updates to the Safeguards Rule requires additional data governance protections.

New Safeguards Rule

With this rule, the FTC added additional requirements for businesses to track data retention periods, ensure secure disposal of data, and to report to their board of directors on data footprint and information security.

Definition of financial institution

With the new Safeguards Rule the FTC expanded the definition of financial institution to include those engage in activities “incidental to financial activities,” such as “finders” who bring together buyers and sellers of a service.

GLBA and other privacy laws

While state privacy laws provide some exemptions for specific data covered by the GLBA, companies should not conflate this with a blanket exception. Any information collected for purposes other than financial ones (e.g. advertising, tracking, etc.) is subject to state privacy law requirements.

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DATA GOVERNANCE REQUIREMENTS

Find sensitive data, wherever it lives

Managing and securing your company’s data to comply with GLBA and the new Safeguards Rule starts with visibility.
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Transcend Data Mapping natively connects across your tech stack to find and classify structured and unstructured data to give you complete visibility. Easy-to-use reporting interfaces let you assign data owners, document purposes of processing and retention periods, and much more.

SECURE BY DESIGN

Data governance without infrastructure exposure

We use a zero trust framework-you keep your API keys and sensitive data fully end-to-end encrypted and Transcend never sees it. We’re committed to providing the strongest security controls in the industry to help keep you in compliance with the requirements of PCI DSS, PSD2, SOX, as well as GLBA’s Safeguards Rule.

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PRECISION DATA OPERATIONS

Seamless regulation-specific governance

The personal and financial data you collect is nuanced and subject to different requirements. Transcend’s advanced configurability provides detailed precision to manage nuanced use cases. For example, specify a workflow to honor Do Not Sell for California residents within the guardrails of GLBA data.

COMPLIANCE WITHOUT COMPLEXITY

Engineered for simplicity, efficiency, and seamless compliance.

Privacy Requests

A fully automated, easy-to-use operating system for privacy request compliance. From access to opt out requests, and more. Secure infrastructure governs user data anywhere it's stored, without human intervention.

Data Mapping

Through powerful, automated scans, Transcend discovers your company’s data silos and organizes data schemas and objects. Enjoy singular visibility, all in a collaborative platform where you can delegate tasks, see system owners, and generate audit logs or compliance reports.

Full-stack Consent

The only solution that governs both client-side and backend user consent. Enjoy fully customizable consent experiences that handle any region, any device, and any domain.

Leaders say Transcend makes privacy easy

We're proud to be recognized as a Leader by G2 based on reviews from our customers. Transcend has also been recognized as Easiest to Do Business With, Easiest Setup, and more.