Now Available:

line

Featured Resources:

line

Realtime Communities

line

Newsletter

Email Address:


line

Monthly Archives

line

RSS

line

Ask the Expert

Have a question for our resident expert? Email your questions to Rebecca.

« Cybercriminals Threaten To Post Millions Of PII Records For Express Scripts Customers | Main | U.S. Do Not Call Registry Accuracy »

FTC Applies GLBA & FTC Act Sanctions To Mortgage Lender

I anticipate that with the big $700 billion "rescue" plan the government is going to continue the increased compliance activities...

Perhaps it is just coincidental, but a few days ago the FTC settled with Texas-based mortgage lender Premier Capital Lending for failing to protect sensitive customer data.

Under the sanction, Premier Capital Lending must establish a comprehensive information security program and hire an independent third-party security professional to review the program biennially for 20 years. The FTC said Premier violated the Gramm Leach Bliley Act (GLBA) Safeguards Rule by not adequately securing data and breached the GLBA Privacy Rule and Section 5 of the FTC Act by failing to live up to its privacy promises.

Tags:                          
 Email This!  Digg it!  Sphere it!  Del.icio.us  Reddit!  Newsvine

Posted by Rebecca Herold on November 10, 2008 2:55 AM |

TrackBack

TrackBack URL for this entry:
http://www.realtime-itcompliance.com/type/mt-tb.cgi/850

Post a comment

(All comments are approved by site leader before appearing here. Thanks for commenting!)

Search

line

Most Active Posts

line

Library Resources

line
line

Recent Posts

line

Categories

line

Rebecca Herold's Bio:

Rebecca Herold, CISSP, CIPP, CISM, CISA, FLMI, has been providing information security, privacy and regulatory assistance and services to organizations from a wide range of industries for the past two decades. Rebecca was instrumental in building the information security and privacy program while at Principal Financial Group, which was awarded the CSI Information Security Program of the Year Award in 1998. IT Security ranked Rebecca as one of the top 59 IT security influencers, and Computerworld put Rebecca their list of the world's best privacy experts and on their list of the best privacy consulting firms in both 2007 and 2008. Rebecca has been CPO for two consulting organizations, and has had her own information privacy, security and compliance business since 2004. Rebecca has written chapters for several books, dozens of articles, and has been writing a monthly privacy column for the CSI Alert newsletter since the beginning of 2001, and is working on her 13th book. Some of her other books include The Privacy Papers, Managing an Information Security and Privacy Awareness and Training Program, The Definitive Guide to Security Inside the Perimeter (Realtime Publishers), The Shortcut Guide to Improving IT Service Support through ITIL (Realtime Publishers), and The Practical Guide to HIPAA Privacy and Security Compliance. In addition, Rebecca is the leader of The Realtime IT Compliance Community where she posts to her IT Compliance weblog. You can contact Rebecca at: rebecca_herold@realtimepublishers.net.