The Value of Digital Privacy in an Information Technology Article

The Value of Digital Privacy in an Information Technology - Article Example And finally, the paper will discuss the electronic privacy laws. The VeriChip: An Implantable Chip: this is a simple technology that involves implanting an electronic chip under the skin of an individual. This chip has the capacity of storing up to six lines of text, and can function as a personal ID number. This chip emits a 125-kilohert radio signal that is received by a special receiver that reads the text signal (Hodge, 2003). The chip once implanted, can track the individual from everywhere he/she goes. The wOzNet: A wearable chip: unlike the VeriChip which is an implantable identification device, the wOzNet is a wearable chip which acts as a commercial identification device (Fortt, 2003). The wOzNet is responsible for tracking a group of inexpensive electronic tags from a central station using Global Positioning Satellite information. In this regard, the transmission of location of information from the chip to the base station is via the same 900-megahertz radio spectrum equivalent to the one used by portable phones (Fortt, 2003). In the event the wOzNet user sets the parameter for notification, the later will generate alerts via phone or e-mail that lets the owner know the position of the one being tracked. Networked Computing: Spyware and Adware: Networked computers together with networking computer programs link different millions of users through the internet. Spyware and adware are controversial computer applications that run on networked computers. Spyware for instance is a program that installs itself without the computer user’s permission, and uses the computer resources without your permission. Spyware are responsible for collecting both non-personal and personal information from networked PCs and delivering adware to specific individuals surfing the Web. Compensated Telemarketing: Listening for Dollars: This technology also allows commercialization of personal information (Foley, 2004). The proposal by Funk and Ayres enables

Open Term Paper Example | Topics and Well Written Essays - 3750 words

Open - Term Paper Example Investors are always looking for strategies through which they can generate higher return on their investment whether that particular strategy falls within the domain of any particular theory or not. Through this paper a unique method of increasing the investor’s return is analyzed, i.e. by following the transaction pattern of a director of the corporation. The directors in corporations all around the globe are actively involved in insider trading of their shares, and being on a strategic position they are well aware of the future outlook of their company. It is a general notion that the directors of the company are able to generate profits by selling the shares of the company and this paper tries to provide empirical evidence for it. The paper has two primary objectives: (1) Whether directors are able to generate abnormal gain through insider trading of the shares, as suggested by various economists and financial analyst (based on American Stock Market) (2) Can individual and corporate shareholder can also earn good return by following in the footsteps of the directors. In the world of economics and finance, when it comes to financial malpractices, insider trading tops the list. Insider trading is one of the most notorious financial crimes being practiced by managers, directors and other employees all around the globe. Insider trading can be defined as the buying and selling of a security by an individual who has direct and reliable access to the non-public information about the security. Insider trading is not always considered as a malpractice or illegal and is subjective to the underlying intention to the transaction. The statement can be further elaborated by considering the fact that if the trader is reaping profits on the basis of such information which is not being public yet, then the insider trading transaction is illegal. In addition, insider trading does not always mean that buying and selling of security is taking place. Providing confidenti al information to a third party, in exchange of monetary or any other form of consideration, is also illegal. The practice of insider trading is not confined to Directors of any corporation but the practice also prevails among brokers and even the family members of the directors. Although, once the information is public, the inside transaction is not illegal as the parties involved does not derive any unfair advantage over the general public. Media has made the masses at general knowledgeable with the passage of time and they have also equipped themselves with the technicalities of insider trading especially after the cases of Enron and Martha Stewart. The Securities and Exchange Commission of USA has adopted the practice of enforcing strict and practical guidelines which distinguishes legal and illegal trading of the shares by the inside people. Insider trading is not a recent or a latest money making gimmick which has been exploited by the directors and managers to earn higher ret urn. The history of insider trading dates back to the great depression as well. The securities and exchange commission of the United State has made it compulsory for the key management personnel and other officers of the company. Insider trading creates impact on the share price of the corporation to which the transaction