EC-Council Certified Security Analyst (ECSA v8) — Question 19

Which of the following is the objective of Gramm-Leach-Bliley Act?

Answer options

• A. To ease the transfer of financial information between institutions and banks
• B. To protect the confidentiality, integrity, and availability of data
• C. To set a new or enhanced standards for all U.S. public company boards, management and public accounting firms
• D. To certify the accuracy of the reported financial statement

Correct answer: A

Explanation

The correct answer is A because the Gramm-Leach-Bliley Act primarily aims to simplify the sharing of financial information among financial institutions. Options B, C, and D pertain to different regulations and standards that do not align with the main purpose of the Gramm-Leach-Bliley Act.