IAM systems have evolved significantly over the last fifty years. Their range of functions have increased and IAM services now boast numerous advantages. This article defines IAM systems and takes a look at the functions and components of IAM [...]
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GLBA also know as the Financial Services Modernization Act of 1999 applies to the financial sector. GLBA repealed part of the Glass-Steagall Act of 1933 which required financial institutions to be restricted to acting as either an investment bank, a commercial bank, or an insurance company. With the repeal, financial institutions were allowed to merge these activities under one company or financial [...] If asked to identify the point in the information lifecycle in which data is often most vulnerable, most people would not say “Destruction.” Destruction itself is a simple concept. After personal data or technology storing personal data is no longer useful it is discarded. However, completely erasing data from existence is not that easy. Computer files are particularly difficult to destroy. Furthermore, with the increasing use of cloud computing services, more and more personal data is being stored on third party servers, where the information controller has to trust their provider to remove the information when requested. Control over the deletion and destruction of data is taken out of the data controller and the data subject’s hands. The problems associated with proper disposal, make it so that the destruction of data is one of the times personal information is most likely to be at risk for unauthorized access. Because of this, data destruction remains an important privacy issue discussed among professionals in the industry [...] It’s hard to believe that with the multitude of federal, state and local laws, as well as industry regulations, that financial institutions would simply throw out files and equipment with no regard for the private information undoubtedly contained therein. We examine the background, best practices, educational techniques and corporate policies that keep corporations out of the headlines and away from government [...] | ||||
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