What are "safeguards" as mandated by the GLBA?

The choice regarding "measures to protect personal financial information" accurately reflects the definition of safeguards under the Gramm-Leach-Bliley Act (GLBA). The GLBA requires financial institutions to implement privacy protection measures to ensure the safety and confidentiality of consumers' personal financial data. This includes the development of policies and procedures to protect customer information from unauthorized access and disclosure.

These safeguards can include technological measures like encryption and secure data storage, alongside administrative actions such as employee training. The primary goal is to prevent breaches of personal financial information and to maintain consumer trust in financial institutions’ handling of sensitive data.

The other choices, while relevant in the context of safeguarding consumers' information, do not encompass the overarching requirement set forth by the GLBA. Regular audits, customer education programs, and insurance against data breaches are all important components of a comprehensive security strategy, but they do not specifically align with the definition of safeguards mandated by this legislation. Instead, safeguards focus directly on the protective measures to secure personal financial information itself.