Explain the legal issues relating to the use of business information in mortgage financing company.

Business Information and Communication in organizations instructions

Scenario:
The manner in which information is used is dependent on the ethics and beliefs of the people that make up the organization, especially the organization’s leadership. It has become increasingly clear that information is a valuable organizational resource that must be carefully safeguarded and effectively managed just as other organizational resources are managed. Concerns about security and privacy as well as ethical dilemmas dominates our daily lives. As a result of personal concerns and fears and the rapid increase of theft of personal information, organizations have developed and/or revised codes of ethical conducts. Simultaneously our governments’ agencies have enacted laws and legislations that are especially related to ensuring the privacy and security of information and individuals.

Use the Mortgage financing company used in part 1 (attached) for this coursework.

TASK 1 : It is important to understand the issues related to the use of business information. As part of your training, you need to:
1.1 Explain the legal issues relating to the use of business information in mortgage financing company. Your answer should include the following: the relevant data protection legislation eg Data Protection Act 1998 or Freedom of Information Act 2000 and the other relevant legislation, eg Computer Misuse Act 1990.

1.2 Explain the ethical issues relating to the use of business information in the mortgage financing Company. Your answer should include the following: codes of practice, eg on use of email, internet, whistle blowing, the organizational policies and information ownership .

1.3 Obtain the business organization’s policies on ethical issues in relation to business information and explain how the mortgage financing company complies with their legal obligations.

TASK 2: organizations have to store and manage countless pieces of information and ensure that this information is managed appropriately. Therefore a number of policies and procedures have to be introduced to keep the information safe and easily accessible.
Using the same chosen organization explain how the organization ensures their information is secure by providing detailed explanation about:
The operational issues in relation to the use of business information. Include the following:
Security of information, backups, health and safety, organizational policies, business continuance plans, cost of development, cost of additional resources required, impact of increasing sophistication of systems.


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