Free WGU (QCO1) Ethics In Technology Exam Dumps

The Gramm-Leach-Bliley Act (GLBA) is a U.S. federal law that governs the privacy and security of consumer financial information. It contains three key rules:

Financial Privacy Rule -- Regulates how financial institutions collect and disclose personal financial information.

Safeguards Rule -- Requires financial institutions to implement security programs to protect consumer data.

Pretexting Protection Rule -- Prohibits deceptive attempts to obtain personal financial information.

In this case, the Financial Privacy Rule is relevant because it provides consumers with a way to control how their financial data is shared. This rule:

Requires financial institutions to provide privacy notices detailing how they collect, use, and share customer information.

Gives customers the right to opt-out of sharing certain types of financial information with third parties.

Since the customer is concerned about their mortgage details being shared, they can use the Financial Privacy Rule to control such disclosures.

Why Not the Other Options?

B . Pretexting -- Involves identity theft or fraudulent attempts to access financial data, which is not relevant here.

C . Consumer Protection -- A broad concept that does not specifically address financial data privacy.

D . Safeguards -- Focuses on securing customer data from breaches, not on controlling data sharing.

Thus, the correct answer is A. Financial privacy as it directly addresses the customer's concern.

Reference in Ethics in Technology:

Gramm-Leach-Bliley Act (1999), 15 U.S.C. 6801-6809.

Federal Trade Commission (FTC) Guide to the GLBA Financial Privacy Rule.

Solove, D. J. (2020). The Privacy Law Fundamentals. IAPP.