How does MS2 help with Gramm-Leach-Bliley Act (GLBA) compliance?

MS2 helps meet the Safeguards Rule issued by the Federal Trade Commission (FTC) for the Gramm-Leach-Bliley Act (GLBA). GLBA is a consumer privacy law that requires financial institutions to properly safeguard customer information. As part of GLBA implementation, the FTC has issued the Safeguards Rule establishing the administrative, physical, and technical information safeguards that financial institutions under FTC jurisdiction need to maintain to secure customer records and information.

MS2 specifies the controls that an organization has implemented or plans to implement for administrative, physical, and technical security and provides detailed and auditable documentation on the existence of these safeguards.