...Effects of USA PATRIOT Act on Banking Privacy Introduction On September 11, 2001, the United States was attacked by the terrorists and the attack has completely changed the way we live and work. Its impact is so immense that it covers almost every aspect of our life including the privacy protection policy in the banking industry. After the September 11 terrorist attack, the U.S. Congress passed a law, the USA PATRIOT Act that makes it easier for government law enforcement and intelligence agencies to gather and share information related to terror-related investigations and it has changed how the banking industry or financial institutions handle the privacy of their customers’ personal information. The purpose of this research paper is to explore the effects of the USA PATRIOT Act on banking industry’s handling customers’ private personal information. Some Background Information and History of Banking Privacy The USA PATRIOT Act is not an official title of the law. It is the acronym of the very long title of the Act: Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001. It was signed into law by President George W. Bush on October 26, 2001. But, before 2001, do we have any law that provides guidelines for the privacy of banking industry in the United States of America? Surely, there are several laws that are related to the financial institutions and the privacy protection policy...
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...Where is the balance between civil rights and national security? While the Patriot Act allows the US government the ability to monitor terrorists, drug cartels, and attacks on US soil, this law should not give government agencies the right to invade US citizens’ privacy. Did this law that was passed, soon after the 9/11 attacks, go too far in the name of national security? Are the seizures, wiretaps, and physical searches that are required to have probable cause sometimes overlooked? In several cases, outlined in this essay, our government has performed unpatriotic acts in the name of “national security” and has repeatedly challenged the very foundation of our constitutional freedoms. Fundamentalist groups and terrorists within them have been around for decades. Our government has the ability to monitor them, both here and abroad, and determine if there will be another threat against our Nation. Where is the balance between civil rights and national security? On October 26, 2001, President George W. Bush signed into law the Patriot Act with an overwhelming majority from Congress. The law was intended, in Bush’s words, to “enhance the penalties that will fall on terrorists or anyone who helps them.” ("George W. Bush Signs The Patriot Act", n.d. http://www.history.com/this-day-in-history/george-w-bush-signs-the-patriot-act). The bill broadly expanded law enforcements ability to investigate and perform surveillance and altered more than 15 different statues that had...
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...Codi Feuerzeig Economics 104 Professor Robert Pollin TA: Evelyn Kwakye May 7, 2015 Deregulation During the 1970s and 1980s the United States government went through a period of deregulation. Deregulation is a reduction of government involvement and control within an industry. Did this deregulation lead to the 2008 financial crisis? This is a hot button topic that is highly debated and causes a great deal of controversy. The financial crisis of 2008, known as the Great Recession, impacted the entire country and practically every individual citizen. Many politicians, such as Speaker of the House Nancy Pelosi, look for an easy blame or a scapegoat, for example, the deregulation by the Bush Administration. Pelosi has been quoted saying " the Bush Administration's eight long years of failed deregulation policies have resulted in our nation's largest bailout ever, leaving the American taxpayers on the hook potentially for billions of dollars" (Gattuso). The issue with that statement is that the economic deregulation she speaks of did not take place during the Bush Administration, but many years prior and the laws of that time are not controversial in today’s economic situation. Rather more recent regulatory laws are to blame for the financial crisis of 2008. Why did we Regulate in the First Place? The Great Depression is unopposed when it comes to economic downfalls in the United States. The financial h...
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...The Patriot act was created due to a world crisis that happened in September 11, 2001 when terrorist invaded the United States of America and hijacked a couple of planes for the purpose to crash them in important places where they would get as many people as possible. One being the Twin towers or also known as the World Trade Center and also the pentagon which was not achieved due that some heroic civilians in the plane that decided to fight for their lives and the lives of others. Four passenger airliners were hijacked by 19 al-Qaeda terrorists so they could be flown into buildings in suicide attacks. Two of those planes,American Airlines Flight 11 and United Airlines Flight 175, were crashed into the North and South towers, respectively, of the World Trade Center Complex in New York City. Within two hours, both towers collapsed with debris and the resulting fires causing partial or complete collapse of all other buildings in the WTC complex, as well as significant damage to ten other large surrounding structures. A third plane, American Airlines Flight 77, was crashed into the Pentagon leading to a partial collapse in its western side. The fourth plane, United Airlines Flight 93, was targeted at Washington, D.C. but crashed into a field near Shanksville, Pennsylvania, after its passengers tried to overcome the hijackers. In total, almost 3,000 people died in the attacks, including the 227 civilians and 19 hijackers aboard the four planes. It also was the deadliest incident for...
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...USA Patriot Act is an acronym for the official title, “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism.” On October 26, 2001 George W. Bush signed the USA Patriot Act, an act passed in response to the September 11th attack of the Pentagon and World Trade Center. USA Patriot Act bears ten sections and/or titles. The purpose of the USA Patriot Act is to deter and punish terrorist acts in the United States and around the world. The act enhanced the law enforcement investigatory tools and resources. “The law was intended, in Bush’s words, to “enhance the penalties that will fall on terrorists or anyone who helps them.” (Staff, 2009) Even though, the act increased intelligence agencies...
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...supported economic sanctions on Iraq. The attack increased the overall military’s presence, along with leaving the people startled and frightened for what was next to come. Though New York felt the major hit on its economic strength, the attack caused a major dip in tourism and the downfall of more than 18,000 businesses. The effects of 9/11 on U.S. domestic and foreign security policy lead to several expensive wars, as well as the reactions to terrorism playing an important role in shaping support for national security policy. Al-Qaeda was successful in disrupting America’s economy, terrifying the citizens and creating more wars throughout the US. Since 9/11/01, the government has struggled with a lack of money to keep the United States moving forward with domestic initiatives. President George W. Bush increased the size of the government by creating the Department of Homeland Security. Its primary missions are preventing terrorist attacks within the U.S., reducing the exposure of the U.S. to terrorism, and minimizing the damage from potential attacks and natural disasters. The Patriot Act was signed on October 26, 2001 in response to 9/11. This Act strengthened domestic security and expanded the powers of law-enforcement agencies to identify and stop terrorists. Due to the unexpected attack, the U.S. decided it was necessary to increase and strengthen the military to further protect the nation, with many more troops stationed in Afghanistan. Hard economic times, two foreign...
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...The Value of Digital Privacy in an Information Technology Age List and describe at least three technologies that allow an individual to research citizen’s private data. Personal information is collected from a multitude of public and private databases. Among the public collection of databases the following can be found on nearly any U.S. citizen who has included themselves in any of the following: birth, marriage, or death certificates; public court filings, arrest records, and property tax rolls; state issued licenses such as drivers and/or professional licenses. Facebook, Spokeo, and CensusLink are among the many private sector databases of collected information on U.S. citizens. Those whom have had their privacy breeched in most cases freely provided the information and signed or initialed a waiver, which they probably failed to read. Chances are that until a problem becomes evident one will not realize the true consequences of their disclosure of said information. Social Networking sites such as Facebook, Twitter, Instagram, and the myriad of clones which have popped into existence in the last decade are some of the largest purveyors of information about individuals. Facebook is the largest social network service provider in the U.S. Research shows the following facets of Facebook; there are more than 350 million active users; more than 35 million users update their statuses at least once a day; more than 2.5 billion photos are uploaded to the site monthly; they...
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...Industry Analysis- Coal Mining With respect to Duke energy and energy usage. Coal mining in the US continues to show growth even when coal consumption in the US continues to drop. Coal use for energy is decreasing at an increasing rate due to natural gas prices increasing and the country pushing for clean energy. http://mjperry.blogspot.com/ Natural Gas and Coal have come to an even total in use for America’s energy needs, which will continue to diminish this mature coal-mining market. Coal is also diminishing in value because of the greenhouse gasses coal emits when in use. Coal. is an extremely “dirty” energy source. http://greenworldpics.com This graphic shows the disparity in coal usage and coal CO2 emissions. This disparity is another reason many companies are leaving coal and causing the faster decline coal is experiencing. Coal Production • U.S. coal production in 2011 increased slightly from 2010, driven by export demand, to roughly 1.1 billion short tons. • Production in the Western Region, which includes Wyoming, totaled 587.6 million short tons, a 0.7 percent decline from 2010. • In 2011, productive capacity of coal mines increased by 2.5 million short tons to 1.3 billion short tons. • The average number of employees in U.S. coal mines increased 6.3 percent to 91,611. • Domestic coal consumption of metallurgical coal by the coking industry rose 1.6 percent to 21.4 million short tons. The average sales price of coal increased 15...
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...Cybercrime Law, Regulation, Effects on Innovation Human Aspects in Cybersecurity: Ethics, Legal Issues, and Psychology CSEC 620 9024 Summer Semester May 18, 2015 Table of Contents Introduction 1 The Role of the Government in Protecting National Security 1 Acceptance of Government Intervention on Protecting National Security 2 Reaction to the Security Intervention on the Private Sector 3 Impacts/Effects of Government Regulations to Private Industries 4 Compliance Measures to Protect National Security 5 Responsibility to Protect National Security 5 Conclusion 6 Introduction Government has the responsibility to protect its national security and citizen. This could be done by providing policies and procedural guidance to private industries. This relationship between government and private industry are not conflict immune as the balance between protecting the national interest and invading privacy is in question. Senior management from the private industry caught in between making the right decision to protect their customer or investing in cyber security. This research paper covers the impact of government regulations, security laws, and legal concepts on the private sector to protect national security and its interpretation and acceptance by the public. The Role of the Government in Protecting National Security The US government invested a lot to protect its critical infrastructure from cyberattack by creating and implementing policies...
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...“ ObamaCare is like an onion: the more layers you peel back, the worse it smells” (Cost n. pg.). The Affordable Health Care Act (AHCA), also known as ObamaCare, is a government healthcare program that requires citizens to purchase government-funded healthcare. If ObamaCare is not appealed and the program does launch, it will offer health care to those who have previously not been able to afford it before (Werry n. pg.) Although there are a few benefits to Affordable Health Care Act, the negatives outweigh the positives and will hurt America and its people; therefore, Obama care should be revoked. ObamaCare will cost the government more money than they have to spend. With national debt already being at 6 trillion, the U.S. government cannot afford to put this into act. However, some people who support Obamacare claim there will be enough room in the national budget to afford this health care plan, though none of this has been proven. Imagine this program going into effect and having our country in even more in debt than the crisis state it is already in now. The American government simply cannot afford this program. (Avik Roy) Not only is Obamacare going to cost the government more, it is also going to cost the taxpayers more. Obamacare will provide all people with the same health coverage no matter their financial situation. Since Barack Obama considers the average American making $250,000 a year or more, wealthy families will be taxed to help pay for the families who cannot...
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...Principles of Information Security, Fourth Edition Chapter 3 Legal, Ethical, and Professional Issues in Information Security Learning Objectives • Upon completion of this material, you should be able to: – Describe the functions of and relationships among laws, regulations, and professional organizations in information security – Differentiate between laws and ethics – Identify major national laws that affect the practice of information security – Explain the role of culture as it applies to ethics in information security Principles of Information Security, 4th Edition 2 Introduction • You must understand scope of an organization’s legal and ethical responsibilities • To minimize liabilities/reduce risks, the information security practitioner must: – Understand current legal environment – Stay current with laws and regulations – Watch for new issues that emerge Principles of Information Security, 4th Edition 3 Law and Ethics in Information Security • Laws: rules that mandate or prohibit certain societal behavior • Ethics: define socially acceptable behavior • Cultural mores: fixed moral attitudes or customs of a particular group; ethics based on these • Laws carry sanctions of a governing authority; ethics do not Principles of Information Security, 4th Edition 4 Organizational Liability and the Need for Counsel • Liability: legal obligation of an entity extending beyond criminal or contract law; includes legal obligation to make restitution...
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...Ever since the birth of man, tyranny has existed in some way, and so has mans desire to be free from it. Our forefathers in this country fought and died and risked everything they had in this world just to create a place where we could truly, at least for a time, be free of tyranny. They repelled the greatest empire the world had ever known based on their belief that if they could be free they could change the world for the better. We created more wealth, more art, more innovation, more technology than any other nation in history with our freedom. Our freedoms were protected by a document called the Constitution, a document that provided a very specific rules that the federal government could not violate. In recent years however the constitution has been being worked around, and most recently almost entirely ignored. We are in an out of control financial crisis., and out government is working as hard as it can to find ways to violate our basic fundamental freedoms so it can have more control. We are in so many countries with our army that it’s getting hard to count. We are becoming the very empire we fought so hard to escape. If only we would follow our constitution more closely, we wouldn’t be in this mess. The Constitution ensures that the government has a very limited and specific duty: To provide for the common defense of the nation as a whole, and to provide mechanisms to allow trade between the states, and to other countries. The state governments were given powers above...
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...of the simple fact that they have been exploited until customers report the issues to these companies and corporations. Many times, more than thirty days goes by before someone alerts the company of a possible security breech. Cost of an electronic exploit can be greater than a million dollars per incident as reported by the FBI. This information is found in the FBI’s (Federal Bureau of Investigation) report of cyber threats in the United States. In order to help counterbalance this, smaller to midsized companies could spend less than $5,000 to harden their systems and operating systems to put a statefull firewall in place. As stated in this paper, these companies often lack the resources, materials and funds to do so. With the FBI report showing reported incidents, there are thousands of incidents that go unreported. Often these incidents are yet to be discovered. With this number of small to mid-size corporations ignoring or slowly implementing security measures, more and more electronic computer crimes are beginning to take place throughout the U.S. With extortion now moving into the digital age, many corporations do not report intrusions to law enforcement in order to avoid negative publicity. Reports of an intrusion could directly have a negative effect on the company’s sales and position in a global competitive market. Approximately 35% of corporations don’t report electronic intrusions to keep their competitors from gaining any type of advantage. Today’s modern...
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...victims and survivors, and historical expectations were placed upon our government as Americans looked to our leaders for protection, reparations, and justice. In some estimation, our government reacted swiftly, passing legislative measures that would reinforce the strength of the American economy. In other respects, individuals found it necessary to form private groups to advocate for measures and benefits that would not otherwise have become law without their fight. Certainly, in the realm of victim rights, advocacy, and the demand for justice, our post-9/11 nation has endured a dramatic metamorphosis. The September 11th Victim Compensation Fund was created by Congress through the Air Transportation Safety and System Stabilization Act (49 USC 40101), shortly after 9/11 to compensate victims (or their families) of the attack, should they agree not to sue. There was no such government compensation for other tragedies on American soil, such as the bombing of the Alfred P. Murrah building in Oklahoma City or the Katrina hurricane disaster. In this instance, the airlines asked Congress for help, and Congress decided that the airline industry “must remain financially secure; that airline bankruptcies were contrary to the national interest.” A complaint about the fund was that it was a kind of “blood money”, as this was a no-fault government program, and each participant had to agree that they would not sue the airlines, the World Trade Center, and any other companies connected...
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...McDonald's four types of control mechanisms (ways controls are applied) used in the “McDonalds” organization. 1, Administrative rules and policies: Code of Conduct for the Board of Directors at McDonalds; The members of the Board of Directors of McDonald’s Corporation acknowledge and accept the scope and extent of our duties as Directors. We have a responsibility to carry out our oversight responsibility in the interests of all McDonald's shareholders, within the scope of our authority and consistent with our fiduciary duties and our governance documents. The Board of Directors has adopted the following Code of Conduct and our Directors are expected to adhere to the standards of loyalty, good faith, and the avoidance of conflict of interest that follow: Board Members will: Act in the best interests of, and fulfill their fiduciary obligations to, all McDonald’s shareholders; Act honestly, fairly, ethically and with integrity; Conduct themselves in a professional, courteous and respectful manner; Comply with all applicable laws, rules and regulations; Act in good faith, responsibly, with due care, competence and diligence, without allowing their independent judgment to be subordinated; Act in a manner to enhance and maintain the reputation of McDonald’s; Disclose any potential conflicts of interest, including those that they may have regarding any matters that may come before the Board, and abstain from discussion and voting on any matter in which they have or may have a...
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