Unit 4 Lab 4 Analysis and Comparison of GLBA and HIPAA 1. Which US government agency acts as the legal enforcement entity for businesses and organizations involved in commerce? a. The FTC Its principal mission is the promotion of consumer protection and the elimination and prevention of anticompetitive business practices, such as coercive monopoly 2. Which US government agency acts as the legal enforcement entity regarding HIPAA compliance and HIPAA violations? b. The “American Recovery and Reinvestment Act of 2009”(ARRA), established a tiered civil penalty structure for HIPAA violations 3. List three (3) similarities between GLBA and HIPAA. c. Both require technical safeguards to protect or guarantee the veracity of critical information. d. GLBA protects personal financial information of an organization's customers. And HIPAA protects and guarantees the privacy of an individual's Personal Health Information (PHI). e. Both have a requirement for specific IT controls. 4. List five (5) examples of privacy data elements for GLBA as defined in the privacy rule. f. Name, Address, City State Zip, Account Number, and Social Security Number are five examples of privacy data elements for GLBA as defined in the privacy rule. 5. List five (5) examples of privacy data elements for HIPAA as defined in the privacy rule. g. Name, Address, City State Zip, Ailments/Conditions, and Social Security Number are five examples of privacy data elements for GLBA as defined in the privacy rule. 6. List three (3) differences between GLBA and HIPAA. h. One difference between GLBA and HIPAA are that GLBA is primarily for financial institutions, and HIPAA is primarily for all types of healthcare services. i. A second difference is that GLBA is sponsored and pushed by the Department of Human Resources, and