Legal Ethical And Regulatory Issues

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Legal, Ethical, and Regulatory Issues for e-Business Websites Introduction From the loss of customer information to ownership rights of pop music, ethical issues about information are cropping up in many unexpected places. The ethical issues involving business intelligence (BI) and data warehousing (DW) are particularly subtle in their complexity and implications, but they share some common characteristics with other IT-related issues (Hackathon, 2005) There are many ethical issues facing IT professionals today. Many issues are hidden, but one issue that is clearly visible is the unintentional disclosure of personal information, which can possibly lead to identity theft. “In the first half of 2005, several major companies—from banks to retailers—have confirmed that data about several million persons (either customers or employees) had been stolen.” (Hackathon, 2005) The information located in this data was full name, addresses, social security number, driver’s license number, credit card information, and family member information. Most of the occurrence of data records exposed was in the hundreds of thousands. The potential for extensive identify theft in the hands of expert criminals is enormous, resulting in the possible loss of billions nationwide. This paper will give an overview of the Legal, Ethical and Regulatory Issues for e-Business. It will explain how and why they are important, and the difference on the B2C website compared to a B2B website. The issue of honesty, integrity and trustworthiness are time tested values known to man. They are probably more important now than ever, with the control of the internet to share information and do business. The regulations in it, in the future has to be global and based on many-sided planning between governments. The values can apply to the consummation of any transaction, and more so in an electronic

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