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DATA4300 Data security and Ethics Report Sample

Part A: Introduction and use on monetisation

- Introduce the idea of monetisation.
- Describe how it is being used in by the company you chose.
- Explain how it is providing benefit for the business you chose.

Part B: Ethical, privacy and legal issues

- Research and highlight possible threats to customer privacy and possible ethical and legal issues arising from the monetisation process.
- Provide one organisation which could provide legal or ethical advice.

Part C: GVV and code of conduct

- Now suppose that you are working for the company you chose as your case study. You observe that one of your colleagues is doing something novel for the company, however at the

same time taking advantage of the monetisation for themself. You want to report the misconduct. Describe how giving voice to values can help you in this situation.

- Research the idea of a code of conduct and explain how it could provide clarity in this situation.

Part D: References and structure

- Include a minimum of five references
- Use the Harvard referencing style
- Use appropriate headings and paragraphs

Solution

Introduction and use of Monetization

Idea of Monetization

According to McKinsey & Co., the most successful and fastest-growing firms have embraced data monetization as well as made it an integral component of their strategy. There are two ways one can sell direct access to the data to 3rd parties through direct data monetization. There are two ways to sell it: one can either sell the accrued data in its raw form, or one can sell it all in the form of analysis as well as insights. Data for assignment help can help one find out how to get in touch with their customers and learn about their habits so that one can increase sales. It is possible to identify where as well as how to cut costs, avoid risk, and increase operational efficiency using data. (For the given case, the chosen industry is Social Media (Faroukhi et al., 2020).

How it is being used in the chosen organization

In order for Facebook to monetize its user data, they must first amass a large number of data points. This includes information on who we communicate with, what we consume and react to, as well as which websites and apps we visit outside of Facebook. Many additional data points are collected by Facebook beyond these (Mehta et al., 2021). Because of the predictive potential of ml algorithms, companies can accomplish that even if users don't explicitly reveal it themselves. The intelligence gathered based on behavioural tracking done is the essence of what is sold to their customers (Child and Starcher, 2016). Facebook generates 98 percent of its income from advertising which is how their data is put to use.

Providing benefits to the organization chosen

Facebook's clients (advertisers and companies, not users) receive a plethora of advantages. Advertising may target certain groups of people based on this information and change the message based about what actually works with them. Over ten million businesses, mostly small ones, make use of Facebook's advertising platform. As a result of the Facebook Ad platform, they are able to present targeted consumers the advertising, as well as provide thorough performance data on how various campaigns including different visuals performed (Gilbert, 2018).

Ethical, Privacy and legal Issues

Threats to consumers

According to reports, Facebook has been well-known for using cookies, social plug-ins, and pixels to monitor users as well as non-users of Fb. Even if users don't have a Facebook account, they aren't safe from this research because there are a slew of other data sources that may be used in place of Facebook. It's also possible to monitor non-members who haven't joined Facebook by visiting any website that features the Facebook logo. In addition to "cookies," web beacons were one of the numerous kinds of internet tracking that may be employed across websites, and then these entries could be sold to relevant stakeholders.As a result, target voters might discover reinforcing messages on a wide range of sites without understanding that they are the only ones receiving such communications, nor are they given cautions that these are political campaign ads.Furthermore, governments throughout Europe and north America are increasingly requesting Facebook to hand up user data to assist them investigate crimes, establish motivations, confirm or refute alibis and uncover conversations. The word "fighting terrorism" has become a catch-all phrase that has lost its meaning over time. According to Facebook, this policy is referred to as, "We may also share information when we have a good faith belief it is necessary to prevent fraud or other illegal activity, [or] to prevent imminent bodily harm [...] This may include sharing information with other companies, lawyers, courts, or other government entities."(Facebook, 2021). In essence, privacy is mandated only on face value whereas the data is exposed to both Facebook, 3rd party advertisers and Government.

IAPP can help with the privacy situation

International Association for the Protection of Personal Information (IAPP) is a global leader in privacy, fostering discussions, debates, and collaboration among major industry stakeholders. They help professionals and organisations understand the intricacies of the growing environment as well as how to identify and handle privacy problems while providing tools for practitioners to improve and progress their careers (CPO, 2021). International Association of Professionals in Personal Information Security provides networking, education, and certification for privacy professionals. The International Association for the Protection of Personal Information (IAPP) can play a role in promoting the need for skilled privacy specialists to satisfy the growing expectations of businesses and organisations that manage data.

GVV and Code of Conduct

Fictional scenario

For the sake of a fictionalised context, I would assume that I was employed by Facebook. Accordingly, my colleague in this same fictionalised setting is invading privacy of businesses in a particular domain and collecting proprietary information based on the data collected and then selling it off to the competitors of that business in the same domain. There are indeed a lot of grey areas to contemplate and traverse when it comes to dealing with these kinds of tricky situations, and managing them professionally and without overreacting is essential. The most critical thing for myself would have been to figure out what is genuine ethical problem what is just something I don't like before I get involved. If my concerns are well-founded and the possible breach is significant, I'd next ask myself two fundamental questions: I can proceed if both of the following questions are answered with a resounding "yes.”

Next, when someone is working for a publicly traded and that being a significantly large company, there should be defined regulations and processes to follow whenever one detects an unlawful or unethical violation. In the internal employee compliance manual, one ought to be able to find these. Further ahead, I'll decide whether to notify their supervisor. If that person is also complicit in the event, then next alternative would be to inform the reporting manager or compliance officer. Also, if I choose note be involved in the investigation or reporting,I can either report anonymously or mention the superiors that I would not like to be named.

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