1. In your Lab Report file, write a thorough description of the Grannn-Leach-Bliley Act's basic components. Be sure to include the following topics:
•Who co-sponsored the act?
•Who is protected by the act?
•Who is restricted by the act?
•How are financial institutions defined?
•What does the act allow?
•How would you define the major parts of the privacy requirements: the Financial Privacy Rule, the Safeguards Rule, and the pretexting provisions? What does each of these spell out in the act? (Write three paragraphs on each of these.)
2. Using your favorite search engine, research the compliance law HIPAA.
3. In your Lab Report file, write a thorough description of HIPAA. Be sure to include the following topics in your discussion:
•Which U.S. government agency acts as the legal enforcement entity for HIPAA compliance violations?
•Who is protected by HIPAA?
•Who must comply with HIPAA?
•What is the relevance of health care plans, providers, and clearinghouses?
• How would you define the major parts of the Privacy Rule and the Security Rule What do each of these spell out? (Write three paragraphs on each rule.)
4. In your Lab Report file, describe what the GLBA and HIPAA privacy rules have in common. Then, discuss how the two are different.
5. In your Lab Report file, describe what the GLBA and HIPAA security rules have in common. Then, discuss how the two are different.
6. In your Lab Report file, discuss how GLBA and HIPAA requirements align with information systems security.
7. In you Lab Report file, list two privacy data elements for GLBA and list two privacy data elements for HIPAA that are under compliance.
8. In your Lab Report file, list two security controls or security countermeasures for GLBA and list two security controls or security countermeasures for HIPAA that support compliance.