...design 9 Research method 10 Research format 10 Research technique 10 2.1 Ethics 13 Data protection U.S. banks 15 Banks cash in on big data 16 Privacy vs. Security 17 Predicting with privacy 18 Privacy selling 19 Contrast between consumers privacy expectation versus their own online behavior 20 Expectations for growth internet users 2025 20 2.2Technology 22 Online banking approaches by different banks 22 SaaS business models 23 Why cloud computing for banks? 24 Privacy Trends 2014 – privacy trends in the age of technology 25 In-memory computing 27 2.3 Legislation 30 Europe Union 30 2.4 Future 31 Out in the open 31 Future sharing of finances 32 Changing Online ignorance 34 Cyber security trends for financial services 34 2.4 Results in-depth interviews 36 3.1 Basic needs 38 3.2 Drivers of change 39 3.3 Emerging consumer expectations 41 3.4 Inspiration 43 Target 43 Innovation by other banks 44 Luth Research 44 4.1 Technology 46 4.2 Changing user behaviors 46 4.3 Inconsistency 47 4.4 Legislation 47 5.1 Value proposition regarding SaaS and cloud computing trends 48 5.2 Financial forecast 49 5.3 Conclusion and recommendations 50 6. Bibliography 52 Appendix 1 – in-depth survey of teens aged 15-20 55 Appendix 2 - Interview questions – security 58 Appendix 3 - Innovation Dept. Interview 59 UPDATE Table of content at the end! Chapter 1 Research Proposal 1.1 Introduction to the...
Words: 13422 - Pages: 54
...Balancing between national security and individual privacy is seemingly a daunting task that does not promise an amicable solution in the near future. There are so many controversies surrounding this issue where people with opposing opinions are striving to ensure that their views dominate. The question about which between the two should be prioritized is not relevant compared to the effects either of the alternatives will have in the lives of citizens. The issue is complicated further by the sensitive nature of both national security and individual privacy. There is a close association between the two, thus making it hard for policy makers to alter either of them without touching the other. However, it is a fact that as much as many people want to have full right to individual privacy, they will also be keen to ensure that their security is guaranteed. In other words, the two must be provided without necessarily causing collusion between the two. National security is prioritized compared to individual privacy given the fact that people universally value national security. Legal status of the Individual Privacy vs. National Security issue Controversies surrounding national security and individual privacy came at the limelight after the September 11, 2001 terrorist attacks in the United States. However, this issue has been in existence for a longer time although it has had minimal effect on individual privacy. This paper will focus on recent events since little was heard...
Words: 1286 - Pages: 6
...|[pic] |Syllabus | | |College of Information Systems & Technology | | |CMGT/582 | | |Security & Ethics | Copyright © 2010, 2009 by University of Phoenix. All rights reserved. Course Description The ethical issues examined in the course include information privacy, accessibility, and ownership from an organizational perspective. Information laws, regulations, and compliance requirements are examined in this course as well as the considerations for creating a safe digital environment within the organization. Policies Faculty and students or learners will be held responsible for understanding and adhering to all policies contained within this syllabus and the following two additional documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies...
Words: 2637 - Pages: 11
...every day. To conduct their service, the company continuously collects enormous amounts of personal and non-personal information then distributes it throughout Facebook and Facebook affiliated sites. This is great because it helps individuals in their searching process, creates exposure to ads for products and services that individuals actually want to purchase, allows for people to remain connected and in the know, etc. However, this paper is going to delve deeper into what Facebook’s privacy and security policies include, what kind of user information is being collected, and how it is being used Formally known Privacy Policy: Revised on September 23rd, 2011 and again on March 15th, 2012, the privacy policy is now referred to as the Data Use Policy which supposedly makes it easier for users to understand the terms and condition. Moreover, Facebook is constantly updating the new Data Use Policy with the last update being on May 11th, 2012. The last updates were in reference to the Privacy section of the policy where it better explains “how it uses technologies such as cookies to deliver ads” and how Facebook has “given itself more leeway on how long it keeps information it collects”. What the policy is saying is Facebook and other companies Facebook sells personal user information to will use any technology available to advertise and that Facebook will use personal user information until it is no longer relevant or needed. Moreover, what the change in the policy is also...
Words: 1339 - Pages: 6
...many aspects of the world today. The article that I will be summarizing, discusses certain applications used today. It also briefly points out the ethical and privacy dilemma that society may face today and in the future. This article was written as a reference for Capella University. The tracking uses for Radio frequency identification (RFID) chips are boundless, and there are many possibilities for them to expand in the very near future. They are used for everything from tracking a person’s medical history to finding someone’s lost dog, to tracking shipments and supplies. “Their purpose is to make our world more efficient, to help businesses better track their inventories, to make sure pertinent personal information is quickly available to those who need it.” (Brown, 2005) With the amount of information that is readily available thanks to RFID technology, the issue of people’s private data comes into question. “According to Brown, a balance can be found between the security that RFID chips offer and the privacy they threaten.” (Brown, 2005) This would assist in limiting the amount of information that is retrievable, essentially making the information available on a need to know basis. At the same time, the necessary security can be maintained. This balance has to be established because “anyone can go online and purchase a relatively inexpensive chip reader and start harvesting information from RFID chips wherever they find them.” (Brown, 2005) This was quite an...
Words: 392 - Pages: 2
...October 19, 2014 Geographic Information Systems I chose Geographic Information System (GIS) and Internet Search Engines as my Information Technology related Concept. With all of the controversy surrounding ‘Facebook Messenger’ these past few weeks, I thought, “what better topic to write about” involving such an immense Information System (IS). Apparently, there are quite a few issues with an invasion of privacy that Internet users are not very happy with Facebook at all and have started a movement to delete Messenger from their smartphones. When using Internet Search Engines on smartphones there are agreements that pop up asking for your exact location. I want to take a further look inside Geographic Information Systems and Internet Search Engines. Gathering as much research as possible I am going to figure out just how much of our privacy is in fact being invaded. How much information does a (GIS), how Internet Search Engines sift through our personal information, how they are maintained and controlled, is our information kept in a safe place and just how much do they know? Geographic...
Words: 2460 - Pages: 10
...An anonymous source once said “everybody starts caring when it’s too late”. Through the use of domestic surveillance, our government is able to prevent trouble before an actual threat arises. However, the issue of domestic surveillance is subject to much controversy, as it can ensure security, but only at the cost of our privacy. Domestic surveillance methods such as video surveillance, media surveillance, and drone surveillance are used by the U.S. government in an effort to protect its citizens before it is too late. To begin, video surveillance is a method used to keep citizens safe. A case in which surveillance cameras would have helped, found in a New York Times article by Nick Bilton, is “the case of Mr. Martin, an unarmed black teenager who was fatally shot by George Zimmerman, a neighborhood watch volunteer, [where] the most crucial evidence about how the altercation between the two began- one that ultimately led to Mr. Martin’s death- came down to Mr. Zimmerman’s word”. As one can observe from this situation, if there had only been a surveillance camera in the neighborhood, the trial would not have come down to the convict’s and eyewitnesses’ words and would have had solid...
Words: 650 - Pages: 3
...(Atwood, 2007) (Ippolito, 2010) History Facebook is a popular social networking website for people to communicate. It is founded by a Harvard University student name Mark Zuckerberg and his classmates. His Facebook idea begins when Mark was creating a website call Facemash for his university. His attention was to compile student's photos and allow others to decide the better looking person. However, he accomplish this task in an appropriate way that leads him to trouble. He hacks the Harvard's computer and stole the students ID images. This was found out by the university and press charges to Mark for security breaching, violating individual privacy and stealing. However, the charges were soon drop and he was not expelled from Harvard(Kaplan, 2003). After few days, Mark was visited by 3 Harvard students name Cameron Winklevoss, Tyler Winklevoss and Divya Narendra. They want Mark to participate in their idea call Harvard Connection, an idea that allows Harvard students to communicate among each other similarly like Friendster. However, Mark innovates the idea and created Facebook secretly. After few days when Facebook is launched problems starts to occur. Mark was accused by the Winklevoss brothers and Narendra that Mark had stole their idea of social network by making them to believe that Mark is working with them(O'Brien, 2010). The case has brought to judges and ended around year 2008(Stone, 2008). Today, Facebook has over 500million active users (Facebook, 2010) and...
Words: 2814 - Pages: 12
...Internet Privacy Abstract As more and more people continue to use the Internet and disclose their personal information, privacy concerns are paramount. Marketing companies are fiercely competing for their share of the booming e-commerce industry estimated at 75 billion dollars in 2010. Government agencies after 9/11 are using personal communications such as e-mail and social networking sites to scrutinize and evaluate potential threats to the United States. Legislation including the Patriot Act has empowered a new generation of public officials with information gathering capabilities on demand. In some cases a court order is not needed to inspect all of a person’s electronic communications. Exploitation of highly sensitive personal information is a reality as companies routinely sell this information to third parties without an individual’s consent. Opting out is a disclaimer written into privacy statements on websites that are often buried in the fine print. Many Americans assume that privacy is included in the operating system they purchase. It is the collating of personal information from multiple data sources on the Internet that remains a key point of contention among those who view privacy as fundamental American right implicit in the Constitution. In this sense, privacy is deeply personal to the dignity and respect of our society. Yet, the relevance of security issues must seek a balance and address the notion of the possibility of abuse. One significant...
Words: 4923 - Pages: 20
...process changes ………………………………………………………………. 8 Technology or business practices used to augment the solution ……………………….. 8 Conclusions and overall recommendations …………………………………………….. 10 High-level implementation plan ……………………………………………………….. 11 Summary of project ……………………………………………………………………. 12 Abstract The arrival of information technology some decades ago has contributed to the various developments on how information is being diffused and fluctuated among people, nations and around the world. The controversy of information “theft” and data loss has unfolded all around the world and interests on how to solve this issue are capturing the scrutiny of experts of Information Security. In the present day, with the ongoing reproduction of new invented techniques in cryptanalysis, we can acknowledge that information security is the remedy. In this paper, I propose a panacea that can be used to solve multiple issues that clinics such as New Direction can face when using online storages like Drop Box. This paper will also discuss why New Direction should begin taking action to use back up tools such as DLP on their Cloud Storage. Just like any other user using Cloud Computing, New Direction Mental Health Clinic can be at risk of losing important data, and information theft. Keeping Files Secured when using Cloud Computing at New Direction...
Words: 3536 - Pages: 15
...which offers electronic catalog shopping and ordering for products, which are offered by many suppliers in an industry. d. E-Commerce Exchange - E-commerce exchange is a high-speed platform where buyers and sellers can interact to negotiate prices for products and services. e. E-Commerce Portal E-commerce portals are developed and hosted by third-party market maker companies who serve as infomediaries that bring buyers and sellers together in catalog, exchange, and auction markets. f. E-Commerce Success Factors: Some of the key factors for success in e-commerce include: selection and value, performance and service, look and feel, advertising and incentives, personal attention, community relationships, and security and reliability. g. E-Commerce Technologies: - Electronic commerce can be viewed as depending on six layers of technology: application services, brokerage and data management, interface services, secure messaging, middleware services, and network infrastructure. 2. What are the different types of web hosting alternatives? a. Shared Hosting - Shared hosting is the most popular and the cheapest website hosting method where many sites are hosted by different clients on the same physical...
Words: 1340 - Pages: 6
...Privacy has been a part of society for a very long time but it is not surprising that issues of honesty, deception and fraud all circulate personal privacy on a constant basis. Due to the acceleration of the Internet phenomena, people are finding out more evasive information then they thought existed regarding their private life. Due to the two different approaches to privacy, the aspect of consumer protection and free market privacy has now become a norm for most of society. There are many events out there regarding privacy and the rate at which technology is increasing, is making it just that much harder for us to control the issue. I have decided to elaborate on two current privacy issues that most probably affect everybody in this day and age in one way or the other. The two current event topics I thought would enlighten the reader incorporate the social network phenomena, Facebook and the privacy concerns over the new Google Street View Project. Both these examples involve the consumer protection and the free market. The social network phenomenon, Face book, is a free service that is the go-to place for people to share their likes, and dislikes, photos and dating status. However, Facebook has yet again been put on the chopping block regarding their privacy issues. Facebook has several features that have a significant impact on privacy and security of personal information. These features have raised issues of collecting, distributing, controlling and retaining information...
Words: 1411 - Pages: 6
...computer professional to perform unauthorized activities, at the same time a discussion about the types of attacks can be found. The society response to hacking attacks lacks till this moment the ability to stop or completely prevent attacks from happening because as long as security tools are developed, more sophisticated hacking attacks are invented. That’s why we should start to think about hacker’s psychology as the main way to prevent and stop attacks by understanding their needs or desires. Introduction The Oxford English Dictionary defines hacking as “cut or chop roughly; mangle: cut (one’s way)”… to its present definition as “gain unauthorized access (to data in a computer)”. Banks (1997:11) defines hacking as “something that boring mainframe computer operators did to improve performance and battle boredom.” Here banks focuses on boredom as the reason of hacking. A more technical definition of hacking according to Digital Guards data base (2001) is “unauthorized use, or attempts to circumvent or bypass the security mechanisms of an information system or network.” Darlington (2001) believes hacking is not limited to accessing data or information but also includes an attack on the privacy of all people. Almost all different opinions agree on the illegality of hacking. On the other hand the word...
Words: 4368 - Pages: 18
...social networking sites, there are information security and privacy concerns. The volume and accessibility of personal information available on social networking sites have attracted malicious people who seek to exploit this information. The same technologies that invite user participation also make the sites easier to infect with malware that can shut down an organization’s networks, or keystroke loggers that can steal credentials. Common social networking risks such as spear phishing, social engineering, spoofing, and web application attacks attempt to steal a person’s identity. Such attacks are often successful due to the assumption of being in a trusting environment social networks create. Security and privacy related to social networking sites are fundamentally behavioral issues, not technology issues. The more information a person posts, the more information becomes available for a potential compromise by those with malicious intentions. People who provide private, sensitive or confidential information about themselves or other people, whether wittingly or unwittingly, pose a higher risk to themselves and others. Information such as a person’s social security number, street address, phone number, financial information, or confidential business information should not be published online. Similarly, posting photos, videos or audio files could lead to an organization’s breach of confidentiality or an individual’s breach of privacy. First argument Identity theft[edit] Due...
Words: 3272 - Pages: 14
...White hat hackers are the ethical, legal hackers (2002). Companies pay them to find holes in software or networks and fix the problems. The difference between white hat hackers and black hat hackers is that white hats have permission to carry out their attacks on a company to fix the problems. (2) A majority of company owners say that white hat protection is the only true way to ensue security in their businesses. White hats use the same programs and knowledge as black hats do. They usually stay in the cyber underworld to keep updated on attacks and information. Black hat hackers are the most rare and elite of all the hacker groups. Most are connected with criminal activities, such as espionage. (2001) Not all hackers labeled black hat hackers are connected with criminal activities in real life. There are many "old school" hackers considered black hat. They are the ones that are usually from the 1960's and use the word hacker with honor and freedom. (Quinter 2) Most of these hackers do not have a negative intent they are usually programs from Stanford or MIT. They have good ethics and believe in open source and fixing flaws in programming. Most black hat hackers are criminals and are very powerful. (Glenn 8) Political and personal revenge is a major motivating factor in becoming a true black hat hacker, but the most elite hackers go for the money. Industrial espionage is one of the best paid jobs for a hacker. A typical espionage attacks takes about three weeks and they...
Words: 4683 - Pages: 19
