For example Baylor College of Medicine has a policy for their students and

For example baylor college of medicine has a policy

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For example, Baylor College of Medicine has a policy for their students and employees to read their code of ethics Mission Statement, business conduct, and how to handle financial and medical records. Verizon Company also has a similar policy with the added clause on actions to take in case of data sabotage (Magloff, 2012). Not many companies disclose guidelines in the off-chance of finding another company’s sensitive data in their competitor’s hands. After I conducted my own personal research, I would request a meeting with the CEO or another senior executive of Red Corporation and some senior staff members. The purpose of the meeting is to gain a better understanding of Red Corporation’s business philosophy, business models, and organizational culture. The outcome of the meeting was to gain an appreciation of what the senior leadership values in their employees, customers, and incentives to motivate both population to be loyal to Red Corps. In this same meeting, I verbalize the observation that what the senior leaders said about their business ethical practices is consistent, or not consistent, with the personal observations made. My next objective with the Red Corp senior leadership is to ask them what they are willing to lose, either qualitatively or quantitatively as a risk management analysis. I would
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present them the risk analysis if Red Corp decided to harvest the data from Blue Corps. As the consultant for Red Corps, I would advise my company to disclose to Blue Corps that both Red Corporation and their data were breached, and advise them to remove their data immediately from the internet. My advice to Red Corps’ senior leadership is to draft an official memo, signedby the Red Corp’s CEO that Red Corps’ and their competitor, Blue Corps customer database were breached online and that the company will take proactive measures to remove Red Corps customer database from the web. I would also add in the note that all employees from Red Corporation’s or business partners are forbidden to access Blue Corp’s customer database. As a consultant, I would remind senior leaders to communicate to their employees Red Corporation’s business relies on strong business relationships with their customers and shareholders. Red Corps also has a responsibility to disclose to their competitor that Blue Corps’ customer database is online and exposed to data breach. I would advise the Red Corps staff to draft a memorandum of agreement that neither company from Blue Corps or Red Corps employees and management would exploit the data exposed on the internet. This is to extend thegood faith and ethical business policy even to their competitor. The option to ignore Blue Corporation’s exposed customer database online would be the lesser favorable act, and not consistent with good ethical business practice. As the consultant, I would advise the risks for Red Corp falls just as equally on them as it does on Blue Corp. Not doing anything is associated with long term ramifications maybe not realized in tangible outcomes, but certainly in the perception of negligence. Countless incidences of sexual
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