What Is GLBA?
The Gramm-Leach-Bliley Act requires financial institutions—companies that offer financial products or services such as loans, financial or investment advice, or insurance—to explain their information-sharing practices to their customers and to safeguard sensitive data.
- Cross-platform monitoring and correlation
- Investigation Center and case management system designed for fraud analysts
- Robust analytics and reporting tools
- Visual replay of application screens (for host and web apps)
- Custom heuristics and rules
- 100% visibility into all user activity
GLBA Compliance Requirements
- Access controls on systems housing customer information.
- Use of encryption.
- Physical access controls.
- Abuse, attack, and intrusion monitoring.
- Incident-response plans.
GLBA Compliance Fraud Prevention Challenges
Enacted more than a decade ago, GLBA continues to vex the financial services industry. The act was originally intended to provide greater protection for an individual’s nonpublic PII (personally identifiable information) and to govern the manner in which that information is gathered, stored, and disclosed. The problem is that the information required to demonstrate compliance with GLBA is difficult to retrieve, correlate, and audit.
The Luminet Solution
Luminet fraud management software is built to capture user activity across multiple applications. It records user activity in real time—screen by screen, keystroke by keystroke—creating an audit trail directly from the network. This audit trail includes both update and read-only actions for both regular and privileged users.
Luminet stores this information in a secure repository, from which you can conduct powerful full-text searches through current or recorded activity. These searches allow you to visually play back every screen and keystroke relevant to your audit.
By providing 100 percent visibility into all user activity, Luminet helps you identify inappropriate access of PII. You can also use Luminet’s risk-based scoring capabilities to identify suspicious or nefarious behavior, and eliminate false positives. Customizable dashboards, graphs, and reports enable your internal auditors to see the big picture at a glance and zero in on activity that puts GLBA compliance at risk.
Built with Substantial Business Process Functionality
Learn how Luminet detects and prevents fraud in the banking industry.
Learn how Luminet detects and prevents fraud in the insurance industry.