What aspect of personal information sharing led to public concern before the GLBA was enacted?

The choice regarding the loss of control over personal information is correct because prior to the enactment of the Gramm-Leach-Bliley Act (GLBA), there was significant public concern regarding how financial institutions were handling personal information. Consumers felt that their private data was being shared among various entities without their consent or knowledge, leading to anxiety over privacy violations and potential misuse of their personal information. This concern was compounded by the rise of technology, which enabled easier data sharing but also increased the risks of unauthorized access and exploitation of sensitive information.

In this context, individuals desired more transparency and control over who could access their personal data, which ultimately prompted legislative action to ensure that financial institutions would adhere to specific privacy standards. This public outcry was a major driving force behind the GLBA, reflecting the need for consumers to maintain autonomy over their personal financial information.