Under the Gramm-Leach-Bliley Act, which is NOT a recommended protocol for a security breach?

The Gramm-Leach-Bliley Act (GLBA) emphasizes the protection of consumer information held by financial institutions and lays out specific protocols for addressing security breaches. Notifying customers of breach risks, law enforcement agencies, and credit bureaus are all recommended practices under the act, aimed at ensuring that affected parties are informed and can take necessary actions to protect themselves.

Specifically, notifying customers is critical to maintaining transparency and allowing them to monitor their accounts for any suspicious activity. Engaging law enforcement helps to investigate the breach and may facilitate criminal prosecution of anyone responsible for the data theft. Informing credit bureaus is vital because it enables them to place alerts on affected consumers’ credit files, helping prevent identity theft and fraud stemming from the breach.

On the other hand, notifying errors and omissions carriers is not typically outlined as a necessary step in the GLBA for a security breach. While it may be relevant in other contexts—such as professional liability insurance—this step does not align with the core expectations outlined in the Gramm-Leach-Bliley Act regarding consumer protection and immediate action in response to data breaches. The focus of the act is primarily on the protection of consumer data rather than on insurance matters related to potential liability for breaches.