The Cybersecurity Guide to Governance, Risk, and Compliance

CHAPTER 15U.S. Federal Cybersecurity Regulations

“A Cybersecurity Leader must navigate the complex world of U.S. Cybersecurity Regulations and Requirements, unlocking the tools and understanding necessary to ensure compliance and protect sensitive information.”

The complexities of U.S. Cybersecurity Regulations and Requirements can be quite intricate. Key pieces of legislation, guidelines, and standards like the Gramm–Leach–Bliley Act (GLBA), Sarbanes–Oxley Act (SOX), and Payment Card Industry Data Security Standard (PCI DSS) play significant roles. It is essential to understand their historical context, crucial provisions, impacts on privacy and data security, compliance measures, enforcement mechanisms, and interactions with other regulations. Through a detailed exploration, individuals can gain the knowledge necessary to understand and navigate the diverse landscape of cybersecurity regulations and requirements in the United States.

GRAMM–LEACH–BLILEY ACT (GLBA)

The Gramm–Leach–Bliley Act, commonly known as GLBA, is a pivotal piece of legislation in the United States that shapes the financial industry's approach to cybersecurity. Historical context is critical to understanding why the GLBA was enacted. Passed by the U.S. Congress in 1999, GLBA repealed part of the Glass–Steagall Act of 1933, enabling commercial banks, investment banks, securities firms, and insurance companies to consolidate. While the primary motive was to allow banking institutions to compete globally ...