The _____ Requires All Financial Institutions to Protect and Secure

question 60

Multiple Choice

The _____ requires all financial institutions to protect and secure customers' nonpublic data from unauthorized access or use.

• A) Gramm-Leach-Bliley Act of 1999
• B) E-Government Act of 2002
• C) USA Patriot Act of 2001
• D) Sarbanes-Oxley Act of 2002

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Definitions:

Accumulated Profits

The retained earnings of a company, representing the net income that has not been distributed to shareholders as dividends and is reinvested in the business.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the U.S. to govern financial reporting and ensure consistency.