Complete Name: Unit 4 Student Name: Donoho, Leslie ********************************************************************************************************** 1. Case Study: “Don’t Let Crooks Steal Your Identity: How to Protect Yourself-and Your Credit Rating” (p. 225) ********************************************************************************************************** 2. Provide several methods that crooks use to steal your identity. Student Answer: There are several ways that our identity can be stolen without our knowledge until we either start bouncing checks or recognizing charges that we never actually made (Kapoor, Dlabay, L, & Hughes, 2014). Thieves are lurking every where we turn hidden in plain sight.…
This author himself is a highly educated, college professor. Even with that perspective of being a scholar in this field of study for more than 5 years, Herb does not frame this article to be viewed by other highly educated university professors in his similar field of study. As I mentioned before he aims this article at a more general population. The actual audience of this piece would be subscribers to the Washington Post where this article was published. In addition to the subscribers, the ideal audience would include individuals in care about the Equifax hack or cyber space policy and security.…
Ethics are very important in a workplace. According to the Ethics pdf file on google classroom, ethics are the application of moral principles, standards of behavior, or set of values regarding proper conduct in the workplace as individuals in a group setting. Good ethics in a workplace depends on how trustworthy, respectful, responsible, fairness, and caring you are. There are many ways to show or perform bad ethics. Examples of bad ethics are illegal practices, stealing, ignoring procedures, falsifying information, and lying.…
The unethical decision by both parties during this scandal caused great unrest for the public. It wasn’t just the failure of laws and regulations, but also the failures of corporate leaders and attorneys that were supposed to foster an ethical self-policing practice. Enron was the example to many other businesses at the time that exploited large payoffs to accounting firms in return for misrepresented…
From a managerial perspective, there were many errors made in handling the December 2013 Target security breach. The first questionable decision for review deals with the effects of poor communication. Chief Executive Gregg Steinhafel hesitates to publicly communicate the breach to consumers (Kinicki & Williams, 2013). The primary law of business is “being responsive to customers” (Kinicki & Williams, 2013, p.12). Furthermore, when the details were communicated, CEO Steinhafel inflated the amount of affected shoppers (Kinicki & Williams, 2013).…
Equifax suffered a major data breach and exposed personal details such as Social Security numbers, addresses, credit card numbers of about 143 million people. The thing that shocked me the most was that the vulnerability or bug that the hackers attached had a patch long before…
Equifax is a publically traded company who has free access to everyone’s personal information and additionally they make their profits by storing, selling, and membership charges from persons who wish to monitor their respective credit profile and validate its accuracy. Equifax is one of the U.S. Economy’s premier credit report agencies, who also furnish personal financial information to the U.S. Social Security Administration and Medicare/Medicaid services. Additionally Equifax services provide fraud alert services to the public to ensure that their personal information is secure by providing and electronic firewall to each person enrolled in credit monitoring program. In May 2017 Equifax was hacked which disclosed the personal identifiable…
Every organization has their own set of rules, guidelines, values, and procedure on how they want to manage their business. However, organizations question the importance of ethical coding. Are they beneficial to the corporation? Can they help raise and bring in profits? Or does it have the potential to cause risk to the corporation?…
In the case with Equifax the FTC said, “it is investigating the massive date breach at the credit reporting agency Equifax (washingpost).” Since the breach is affecting half of the population, the potential impact and public interest had caused the agency to investigate the date breach at Equifax. The FTC does have the power to go after Equifax if it feels the company mislead consumers with them engaging in unfair business or their public statements. This momentum could cause Congress to act on privacy legislation which officials have long pushed for. Congress has a problem with the lack of speed Equifax implemented by waiting up to six weeks before it even disclosed this matter to the public.…
Bernie Madoff was a well-respected, intelligent, and charitable individual. Having served on a government regulatory board and as Chairman of the NASDAQ from 1990-93, further entrusted individuals to Madoff (Ferrell, Fraedrich, & Ferrell, 2013). Holding increased titles within the community, Bernie Madoff was respected not only for his business savy, but for his philanthropy. The investment firm operated in an “invitation only” approach that added to the air of a high-class, elitist firm, yet being wealthy did not guarantee membership (Gregoriou & Lhabitant, 2009). When only a few can be part of the club, many strive to obtain a membership.…
Did you know that the average cost of a typical data breach is $5.4 million in the United States? A data breach can take a toll on a company of any size and consumers alike, which is why it is so important for both consumers and companies to take necessary precautions to reduce the risk of breaches. Data security breaches have a compound impact on both consumers and businesses. Once data breaches have been detected consumers must find a way to protect their personal information, and businesses have to find a way to recover along with implementing preventative measures and regaining consumer’s trust. Consumers shop with companies under the faith that their personal information will be protected.…
It felt like falsifying the information would never come out and bring consequences. To maintain an ethical environment internally, the company should have constructed a strong internal control to avoid any unethical events leading to fraud. Another flag would be the way how the contracts were created with some miscalculated and false information. There should…
Thus, we often see articles about how companies covered up their soon-to-be scandals, how companies assured citizens but ended up hurting the environment (chemical companies and their wastes), and fraud among executives like the ENRON scandal. The ENRON scandal was a big event in American economy history, because such large energy company was doing illegal practices, from the executives to employees, no one said anything before it was revealed. There must be employees who knew about the executives’ action and were against it, but because of loyalty and they were afraid to be fired, what they could have done was limited, and this is just one example among many. In result, to prevent such big problems from happening, companies must guide their members in an ethically way. As Daryl Koehn, author of the article “Is Business Ethics an Oxymoron?”, wrote: “In more general terms, businesses must care about ethics because businesses are part of a human community.…
In another example of ethics involves a data breech at Red Corp. The customer data was hacked at Red Corp and published online along with the customer data of their largest competitor,…
Applying ethical behaviors and moral beliefs into the business environment is known as business ethics. Recently, in the business world, ethics have been a topic that is acquiring a lot of attention (Lewis, 1985). Furthermore, when a company maintains high standards of ethics, everyone within the company will benefit. Ethical ideas may vary from a company to another. Managers’ ethics and how they are influenced by their morals plays a big role in the company’s decisions.…