Part 2
Need to look at all of the media articles in the links below:
1. https://www.theguardian.com/business/2018/jun/01/visa-card-network-failure-what-we-know-so-far
2. https://www.news.com.au/finance/business/banking/commonwealth-bank-credit-cards-and-loans-disappear-in-online-banking-outage/news-story/64c2783a1ed2e4020179469ae9111f63
3. http://www.abc.net.au/news/2018-05-26/nab-outage-atms-eftpos-internet-banking-mobile-banking/9803232
a. Evaluate the issue of bugs and infrastructure problems in the world of personal finance brought up in these articles, and how they may impact the general public and small business operators. What sort of ethical issues are raised for IT employees of banks, and for the managers of these organizations?
b. Provide general recommendations for developers and administrators for addressing these and show how these
recommendations will help.
d. This is a general (not academic) report but any ideas from text or wider reading need to be referenced correctly
using the Harvard system
Approx. 2,000 (+10% max) words total for Part 2.
and any others on the same theme that they might find useful.
Hints
We all are connected to Banks directly or indirectly. There is the direct role of banks in our life. The bank as a financial institution completely customer oriented, whose business is based on the massive deployment of information technologies. In banks, ethics is a set of rules and standards of conduct and morality for its staff both individually and collectively. Internal banking ethics is the set of rules for bank managers, shareholders, and employees. External bank ethics govern the conduct of bank managers and employees with business representatives. external banking ethics is to create a positive image of banking institutions, fostering collaboration, avoidance, and resolution of external conflicts of banks. Ethical issues can be deal by adopting few principles such as; The principle of mutual trust, Principle of good intentions, Principle of business compromise and business tolerance, Principle of mutual benefit and interest the, spirit of cooperation etc.