Financial privacy refers to the right of individuals to keep their financial information confidential. This includes details about bank accounts, transactions, and personal financial data. Protecting this information helps prevent identity theft and fraud, ensuring that individuals have control over who can access their financial records. In many countries, laws and regulations, such as the Gramm-Leach-Bliley Act in the United States, are designed to safeguard financial privacy. These laws require financial institutions to implement measures that protect customer information and provide transparency about how data is collected and used.