In 1999, the Gramm-Leach-Bliley Act (GLBA) was put into effect to protect consumer's financial private information. GLBA updated the practice and policies for individual consumers to control the use of their private information as well as the requirement to secure and protect such data from unauthorized use or access.
GLBA affects a wide range of financial institutions such as banks, thrifts, credit unions, and insurance firms as well as any firm engaged in activities including, but not limited to:
| Mortgage Lending | Credit Card Activities |
| Securities Brokerage Activities | Insurance Sales |
| Tax Planning and Preparation Services | Investment Advice |
All customers of financial institutions who maintain a relationship or obtain products or services such as those listed above are protected under GLBA. A wide range of non-public personal information and personally identifiable financial information is subject to the privacy controls of GLBA.
"Contract Guardian gives organizations confidence that their contract management information is securely stored for as long as necessary, yet quickly accessible when needed."