Preview
Preview

Impacting Laws, Regulations And Contractual Obligations For Critical Information Assets

No Works Cited
Length: 1293 words (3.7 double-spaced pages)
Rating: Purple      
Open Document
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Two identified critical assets include the social security number and the credit card. The countermeasure for both the assets will be analyzed from companies and customers point of view in this paper by exploring impacting laws, regulations and contractual obligations relative to the same.

Impacting laws , regulations and contractual obligations for SSN
• Privacy ACT 1974
• SSN regulations governing data and security
• Internet privacy policy
• California Civil Code §1798.85
• Fair credit reporting act

Interpretation of the laws, regulations and obligation for the counter measures
Monitoring of SSN by credit bureau

As per the Privacy Act of 1974 all government agencies whether they are federal, state or local they are required to provide a "disclosure" statement on the form which explains whether you are required to provide your SSN or if it’s optional, how the SSN will be used, and under what statutory or other authority the number is requested (5 USC 552a, note). The U.S. Office of Management and Budget, Office of Information and Regulatory Affairs (OIRA) provides guidance and oversight regarding the Privacy Act of 1974 (Privacy rights clearing house, 2008) . In this case of credit bureau this act is applicable to the credit agencies and it is their responsibility to govern the social security number from getting into illegitimate use or to any third party for the purpose of business.

As per the SSN regulations governing the data and information security (2005) any employees who have access to any systems or document containing SSNs have to sign a confidentiality agreement. Governing the use of internet to access the numbers, time of computer screen should be minimized and the monitor should never be left u...


... middle of paper ...


...
• ‘Financial Data Protection Act of 2005’, 2005, Govtrack.us, url: http://www.govtrack.us/congress/bill.xpd?bill=s109-2169&tab=summary accessed 20th May 2008
• ‘Avoiding Credit and Charge Card Fraud’, 1997, Federal Trade Commission, url : http://www.ftc.gov/bcp/conline/pubs/credit/cards.shtm accessed 20th May 2008
• ‘U.S Code collection’, 2008, Cornell University, url: http://www.law.cornell.edu/uscode/47/usc_sec_47_00000222----000-.html accessed 20th May 2008
• Visa U.S.A, 2004, ‘ Payment card Industry : Data security standards’, url http://www.uiowa.edu/%7Efustreas/cisp_PCI_Data_Security_Standard.pdf accessed 20th May 2008
• CCE, 2000, ‘Bank Secrecy Act / Anti money laundering’ url : http://www.occ.treas.gov/handbook/bsa.pdf accessed 20th May 2008
• ‘Fair credit reporting act’, 2004 url : http://www.ftc.gov/os/statutes/031224fcra.pdf accessed 20th May 2008


Click the button above to view the complete essay, speech, term paper, or research paper








This essay is 100% guaranteed.


Title Length Color Rating  
Essay on Private Security and Critical Infrastructure Assets - The private security and law enforcement officer as well the FBI function and responsibilities have tightened after the 9/11 attacked. Private security officers are undergoing more advanced training from latest technology system to protect the nation to terrorism to be prepared and ready in any event that might come along the way like the 9/11 attacked. After the disastrous event of the 9/11 attack numerous companies and group of people obligate themselves a thorough investigation and evaluation....   [tags: National Security ]
:: 1 Works Cited
936 words
(2.7 pages)
Better Essays [preview]
Essay on Investment in Intangible Assets - In this new era where, to create competitive advantage, various firms invest a significant portion of their capital in intangible assets (Goldfigure, 1997) such as the technology and science oriented firms. Investment in intangible assets, for example patents, Human Resource, differs from investment in tangible assets along several aspects related with information asymmetry (Abuja et al, 2005). First, many intangible assets are unique for each firm (Aboody and Lev, 2000), such as brand name, which does not share common characteristics not only across industries but also across firms of same industry....   [tags: Business, Tangible Assests] 1105 words
(3.2 pages)
Good Essays [preview]
Assessment of Critical Thinking Essay - Assessment of learning can be a meaningful tool for teachers and students during a course to provide feedback to the student about the type and quality of work that is being completed in the course and for the instructor to find areas where the student is having difficulties and so additional materials can be provided or the course modified. The aim of this paper is to define assessment and critical thinking skills, and then review a State University course and suggest different assessments that could be used to demonstrate learning....   [tags: Critical Thinking Essays]
:: 4 Works Cited
969 words
(2.8 pages)
Better Essays [preview]
Intangible Assets Essay - INTRODUCTION According to Yale’s School of Management Robert Swieringa (1997), “We come to an age of technology, information, and global competition with a financial accounting model that was fashioned almost 100 years ago.” That same accounting model continues to evolve today. One area in particular is with accounting for intangible assets. In the business sector, assets are important economic resources and are classified as either tangible or intangible. Tangible assets are easily seen as physical objects that include items such as buildings, machinery, vehicles, and fixtures....   [tags: Business, Accounting] 1193 words
(3.4 pages)
Good Essays [preview]
Applying Critical Thinking Essay - Introduction On August 12, 2010, the Governor of Illinois notified the Federal State Employee Union (FSEU) Local 343, of the state’s intent to outsource and privatize the Department of Transportation (DoT) information systems management function (B. Glenn, personal communication, August 20, 2010). In response, Mr. Padilla, the president of the FSEU Local No. 343, requests the FSEU Director of Human Resources, Ms. Glenn to evaluate the notification. The memorandum dated August 20, 2010, includes Ms....   [tags: Critical Thinking Essays]
:: 2 Works Cited
2629 words
(7.5 pages)
Term Papers [preview]
Critical Thinking and Decision Making Essays - The process of critical thinking requires you to ask more questions of both others and of yourself before a decision or determination is made. In order to successfully evaluate data in a critical manner, you must have a system in place to assess information as it is presented. In any situation whether you are having a conversation, observing others, or material you have read, you must be ready to probe deeper and ask the right question at the right time. Browne, Keely, McCall and Kaplan, refers to critical thinking as a "Systematic evaluation of arguments based on explicit rational criteria (1998, p.IX)." The authors go on to state that "critical thinking refers to the following: awareness...   [tags: Critical Thinking Essays] 579 words
(1.7 pages)
Good Essays [preview]
Essay about Critical Thinking: Reasoning and Inference - Truth is the object of thinking. Some truths are obvious; others are difficult to acquire. Some judgments we make are simple; some judgments are complicated. Some arguments, whether made by us or others, may be straightforward and easily understood; other arguments may be complex and consist of a series of smaller arguments, each needing to be critically examined and evaluated. Almost every object of knowledge has a branch of knowledge which studies it. Planets, stars, and galaxies are studied by astronomy....   [tags: Critical Thinking Essays] 2816 words
(8 pages)
Powerful Essays [preview]
Critical Thinking Application Essay example - Critical Thinking Application Teaching higher order thinking skills is not a recent need. It is apparent that students, at all levels of education, are lagging in problem-solving and thinking skills. Fragmentation of thinking skills, however, may be the result of critical thinking courses and texts. Every course, especially in content subjects, students should be taught to think logically, analyze and compare, question and evaluate. Implications for Teaching Thinking must be practiced in each content field at each educational level....   [tags: Education Critical Thinking Analysis] 1046 words
(3 pages)
Good Essays [preview]
Three Strike Laws Essay - Three Strike Laws Mandatory minimums and three strike laws, are they really the answer to the crime problem America has faced for years. Many would say yes, including me, as long as it is for a violent crime such as murder, rape or arson; some feel that even theft, drug trafficking or possession, and burglary are all worthy of the 25-to-life sentence that can be carried under the mandatory minimums for three strike laws. A three-strike law is a law that states that you will be sentenced to 25years to life for three violations and convictions of a law....   [tags: Law Laws Argumentative Persuasive papers]
:: 6 Works Cited
1735 words
(5 pages)
Powerful Essays [preview]
Essay about Contractual Terms - Contractual Terms Works Cited Not Included Contractual terms are statements that form part of a contract. Parties to a contract will normally be bound to perform any promise that they have agreed to, and failure to perform this promises, or a unsatisfactory performance, may lead to an action for breach of contract....   [tags: Papers] 868 words
(2.5 pages)
Good Essays [preview]