Explain the ethical implications of collecting and maintaining data.

Explanation should include the following methods in

• collecting data (e.g., customer surveys, loyalty programs, wish lists, account registrations)
• processing data (e.g., data triangulation, data reidentification)
• maintaining data (e.g., clouds, servers, databases, data warehousing, data life-cycle)
• safeguarding personal financial information by management.

Process/Skill Questions: 

• Whose responsibility is it to protect data during and after data collection?
• What is an unethical use of information resources?
• What is data triangulation, and why is it used?
• What is the current role of ethics surrounding data collection and use?
• What are the major ethical issues related to data collection and use?
• What ethical issues are associated with allowing data access to third parties?
• What added risk is caused by using alternative payment methods (e.g., prepaid cards, digital wallets, cryptocurrencies, delayed payment, installment options)?
• What are the legal implications for collecting and maintaining data?

Teacher Resource:

• Affirm vs. Afterpay vs. Klarna: Everything You Need to Know Links to an external site.