Analyzing and comparing GLBA and HIPAA

Identify the similarities and differences of GLBA and HIPAA compliance laws, you will explain how the
requirements of GLBA and HIPAA align with information systems security, you will identify privacy data
elements for each, and you will describe security controls and countermeasures that support each.
Research the privacy and security rules for the Gamm-Leach-Blitey Act using your favorite search engine.
Based on your findings, you will address each of the following questions in your Lab Report File:

1.Write a thorough description of GLBA. Be sure to include the following topics in your discussion:

-Who co-sponsored the act?

-Who is protected by the act?

-Who is restricted by the act?

-How are financial institutions defined?

-What does the act allow?

-How would you define the major parts of the privacy requirements: the Financial Privacy Rule, the
Safeguards Rule, and the pretexting provisions? What do each of these spell out in the act? (Write three
paragraphs on each of these.)

2.Write a thorough description of HIPPA

-Which U.S. government agency acts as the legal enforcement entity for HIPAA compliance violations?
-Who is protected by HIPAA?

-Who is restricted by the act?

-Who must comply with HIPAA?

-What is the relevance of health care plans, providers, and clearinghouses?

-How would you define the major parts of the Privacy Rule and the Security Rule? What do each of these
spell out? (Write three paragraphs on each rule.)

  1. Identify the similarities between GLBA and HIPAA compliance laws.

4.ldentify the differences between GLBA and HIPAA compliance laws.