The federal law, the Financial Services Modernization Act, enables banks to affiliate with insurance companies and brokerage firms under one corporate roof. These “financial supermarkets” are said to offer the promise of integrated services, lower costs, and new products. But the law also has significant privacy implications.
These new “financial supermarkets” can easily share customer data [...]
Filed under: Uncategorized | Tagged: Annual Privacy Notice, data security, financial privacy, Jerry sakala, privacy rating, sarbanes-oxley | Leave a Comment »
