Identifies ethical issues as they are related to the business environment Ethical Analysis -  incl ...

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Identifies ethical issues as they are related to the business environment Ethical Analysis -  includes concepts, theories, practices, and social responsibility as relating to ethics studied in this class Legal Analysis – includes appropriate legal theories, laws, codes precedent and researched court cases Law v. Ethics – liability versus responsibility  Selected topic: Banking Industry – The Ethics of Protecting Customer Information vs the Cost Thesis Statement: In the realm of banking there is a struggle, between the duty to safeguard customer data and the considerable expenses linked to implementing strong cybersecurity measures. The notable breaches at corporations such as Morgan Stanley, Capital One and Equifax serve as examples of this predicament. These incidents underscore the necessity for banks to navigate a line, between upholding ethical obligations, ensuring customer trust adhering to regulations and managing the substantial costs involved in protecting sensitive information. This discussion will delve into the responsibilities that banks bear in safeguarding customer data encompassing privacy rights and the significance of fostering and preserving trust with customers. Important Information for this Paper Students should review the template for a research paper on the main class page. (LISTED BELOW) Students will be expected to include three (3) to four (4) scholarly resources which will include at least one business journal and two named companies or legal cases that have dealt with the selected topic.  Wikipedia and private law firms are not scholarly sources. Students will be expected to submit their papers in APA format with in-text citations and references