Federal frameworks like HIPAA and GLBA set nationwide standards for handling sensitive personal and financial data in the U.S., ensuring privacy, security, and proper use of information.
Key Highlights:
HIPAA (Health Insurance Portability and Accountability Act): Protects healthcare data, requires secure storage, and enforces patient rights to access and control their health records.
GLBA (Gramm-Leach-Bliley Act): Protects financial information, mandates privacy notices, data safeguarding, and limits sharing of nonpublic personal information.
Applicable to healthcare providers, insurers, banks, and financial institutions.
Noncompliance can lead to civil penalties, fines, and reputational damage.
Organizations must implement internal policies, employee training, and secure systems to comply.
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