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Retail Internet Business
1. Should government regulate website security? If not, who should? What is the relationship between security and ethics in e-commerce?
A few years ago, you may have heard about the Congressional hearings on Equifax’s security breach. The Equifax breach affected 145.5 million Americans and revealed their highly sensitive information including their social security number and entire financial history (Newman, 2017). This security breach has raised many questions around the purpose and access of credit reporting organizations. But the initial delayed public announcement, partial fix, and subsequent lack of information in the Congressional hearings has placed a spotlight on web security responsibility. However, there does not seem to be immediate solutions for the large issue of data breaches on commercial site with sensitive public information.
2. Looking back at history, who typically steps in to help correct these types of issues (when industry in fastmoving technology sectors experiences issues in un- or –under regulated industries). What can history teach us about the future? (Please provide examples)
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