Which of the Following Regulatory Laws Requires Data Protection for Financial

question 55

Multiple Choice

Which of the following regulatory laws requires data protection for financial institutions?

• A) the Family Educational Rights and Privacy Act (FERPA)
• B) the Federal Information Security Management Act (FISMA)
• C) the Gramm-Leach-Bliley Act (GLBA)
• D) the Health Information Portability and Accountability Act (HIPAA)

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Definitions:

Profit-Sharing Plans

A company incentive program where employees receive a portion of the company's profits in addition to their regular salary.

Company's Earnings

Represent the net income a company generates, indicative of its financial performance over a specific period.

Skill-Based Pay Plans

Compensation strategies that pay employees based on the range, depth, or proficiency of their skills and knowledge, rather than their job position or title.

Informal Rewards

Recognition or benefits given in an unofficial capacity within organizations to acknowledge employee efforts or achievements.