BankNewswatch

Privacy and Information Security – Critical Rules for Bankers

Friday, July 12th, 2024 10:00 am - 12:00 pm Central Time

A BankWebinars.com Program

Click Here to register for program $299.00

Click Here to register for program and receive recording $449.00

Increasingly, privacy has become an important buzzword in banking circles. Customers are concerned about the privacy of their financial and personal information, and financial institutions are worried about how to keep all this information safe from intrusions and outright thefts. But what are the legal and regulatory requirements?

In this webinar, we’ll explore the myriad of federal (and some state) requirements around privacy and information security. You’ll learn what information must be kept “private,” and what that term means.

We’ll discuss “Personally-Identifiable Information,” or PII, and the special category it occupies in privacy regulations. We’ll also go over how to keep this information safe, with regulatory expectations placed on institutions and how they operate.

There isn’t just one privacy law; it is a patchwork quilt of rules, regulations, and guidelines that all operate together to mandate how a financial institution manages its data and information.

What You'll Learn
  • Gramm-Leach-Bliley Act privacy, and Regulation P
  • Personally-Identifiable Information (PII) – what does this mean?
  • What information can I share with third parties, and when must I provide an opt-out?
  • Sharing provisions of the Fair Credit Reporting Act (FCRA) and their interplay with Reg. P
  • Information Security (or InfoSec) provisions – what do these require?
  • Paper vs. electronic information – different rules?
  • Notification to regulators in case of breach
  • The mad rush by the states to implement privacy rules – which ones apply to you?
  • General Data Protection Regulation – the EU’s spin on privacy

Instructors

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country.