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The Gramm-Leach-Bliley Act (GLBA) aims to protect the privacy of individuals' personal financial information held by financial institutions. This law mandates that these institutions establish policies and procedures to ensure the security and confidentiality of customer data. Customer data refers to any information that can identify a consumer, such as social security numbers, bank account details, and credit histories, which are essential for maintaining trust and regulatory compliance in the financial sector.

While employee data, public financial records, and corporate proprietary information are important to manage and protect, they do not fall under the primary scope of the GLBA, which specifically targets customer data. The act emphasizes safeguarding this type of information to prevent unauthorized access and privacy breaches, addressing consumer concerns about how their financial data is used and shared.