LEGAL, ETHICAL AND REGULATORY ISSUES

LEGAL , ETHICAL AND REGULATORY ISSUES

I have selected the following banks for discussion , Bank of America Wamu bank - formally Washington Mutual , Pacific National Bank (a subsidiary of Park National Bank . I will examine how their website handles security , confidentiality and international browsing

Security

All the three Banks have implemented technology to assure you that any sensitive personal information you provide to them is managed safely

They have procedures that ensure that unauthorized users do not access personal information . This is to rule a requirement when to access personal information you

have to put a pass word even the employees of the bank are required to have password to access any information about the customers account

International users are required to common sites available to the public . For safety purposes , this is through monitoring statistic of the number of people who visit the website , the date and time office , the popular sites

When visiting public areas of these banks , some basic information is collected . This information enables the bank to know how many people who are not customers have visited the bank in certain duration

Confidentiality

The bank of America and Wamu bank require the use of cookies when browsing . Cookies are pieces of data assigned by a web server to browse your personal computer . Cookies help website to keep track of your preferences and to recognize return visitors . You can set your browser to reject cookies . However if you choose to reject cookies you will not be able to access the web site of the two banks

The banks require their customers not to disclose their banking information to any body for safety purposes . Also the banks do not share your information with any third party other than as required by law regulation or contractual obligation if you provide the bank with details you will reserve periodical reports every month from the bank

Since the immanency of the internet fraud , the banks have advised their customers to be conscious as regards to disclosing their personal details to third parties in particular .Personal details are not requested to rule websites . The website are designed in a manner that they will check certain personal details . if anyone tries to enter some details ,these are rejected . Details like loan appreciations , credit card appreciation , mortgage appreciation are request for telephone called is required from a bank employee after the bank employee has called you pension information is requested

Other than website cookies Bank of America uses similar s that has the same technologies to store information , for example the bank uses a called Flash Objects in connection with online banking thins ensures security of the customer . As with cookies , similar s also require the user never to store personal s unless encrypted and they don 't truck other websites

Regulatory issues

The banks have put a clause of reliability . The clause of the three banks state that no member or any of its agents or employees access their ability for any lose or...