Elizabeth Taylor's fortune may approach $1B. This 1983 photo shows actress Elizabeth Taylor during the run of the Broadway play Private Lives in New York. Elizabeth Taylor left more than her historic Hollywood legacy when she died Wednesday at 79. It's believed she was worth between $600 million and $1 billion, most of it, according to Bloomberg Businessweek Senior Editor Diane Brady, from the side of her few fans realized had grown so big - Liz Taylor, businesswoman.
One safeguard protecting customers is the Gramm-Leach-Bliley Act (GLBA). Instituted in 1999, the GLBA established measures to hold financial institutions responsible for the privacy of their clientsâ data. This guide will brief you on the basics of GLBA compliance, from security best practices to the consequences of GLBA violations.
The Gramm-Leach-Bliley Act required the Federal Trade Commission (FTC) and other government agencies that regulate financial institutions to implement regulations to carry out the Act's financial privacy provisions (GLB Act). The regulations required all covered businesses to be in full compliance by July 1, 2001.he Privacy Rule applies to businesses that are significantly engaged in financial activities as described in section 4(k) of the Bank Holding Company Act. Your activities determine whether you are a financial institution under the Privacy Rule.