Which jurisdictional data protection controls the ways that financial institutions deal with the private information of individuals?

The Gramm-Leach-Bliley Act (GLBA) is the correct answer because it specifically mandates how financial institutions must handle the private information of individuals. Enacted in 1999, the GLBA requires financial institutions to protect customers' personal financial information and provides guidelines for ensuring the privacy and security of such data. The act includes provisions that obligate institutions to disclose their privacy policies and practices to consumers, allowing individuals to opt-out of having their personal information shared with non-affiliated third parties.

In contrast, the other acts have different focuses and do not pertain directly to financial institutions:

• The Stored Communications Act (SCA) primarily concerns the storage and access of electronic communications and does not target the privacy regulations for financial personal information.

• The Health Insurance Portability and Accountability Act (HIPAA) is specifically designed to protect health information and applies to healthcare providers, insurers, and clearinghouses, making it irrelevant to the financial sector.

• The Sarbanes-Oxley Act (SOX) relates to corporate governance and financial practices within publicly traded companies, aiming to protect shareholders by improving the accuracy and reliability of corporate disclosures, but it does not focus specifically on data protection in a financial context like the GLBA does.

Thus, the