Select a CURRENT event which has ethical implications. Describe the type of ethical approach
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Course
Financial Management
Institution
Financial Management
Ethical Implications of Facebook's Data Privacy Scandal
The current event that has significant ethical implications is the Facebook data privacy scandal. In 2018, it was revealed that Cambridge Analytica, a political consulting firm, had gained unauthorized access to the personal data of millions ...
Select a CURRENT event which has ethical implications. Describe the type of ethical approach that might
have led to the situation. Apply the Framework for Ethical Decision Making to the problem and discuss
where the process might have failed.
Answer:
Ethical Implications of Facebook's Data Privacy Scandal
The current event that has significant ethical implications is the Facebook data privacy scandal. In 2018,
it was revealed that Cambridge Analytica, a political consulting firm, had gained unauthorized access to
the personal data of millions of Facebook users. This event raised concerns about privacy, data
protection, and the ethical responsibilities of technology companies.
Ethical Approach that Led to the Situation
The ethical approach that might have led to this situation is a utilitarian perspective. Facebook's primary
focus has been on maximizing user engagement and advertising revenue, often at the expense of user
privacy. By collecting and monetizing user data, Facebook aimed to provide targeted advertising and
personalized experiences to its users. However, this approach prioritized the benefits to the company
and advertisers over the potential harm to users' privacy.
Framework for Ethical Decision Making
The Framework for Ethical Decision Making can be applied to analyze this problem:
Identify the problem: The problem is the unauthorized access and misuse of user data by Cambridge
Analytica.
Identify the stakeholders: The stakeholders include Facebook users, advertisers, Facebook employees,
regulators, and society as a whole.
Consider the ethical principles: The ethical principles involved are privacy, transparency, consent, and
fairness.
Evaluate alternative actions: Facebook could have implemented stricter data access controls, provided
clearer privacy settings, and obtained explicit consent from users for data sharing.
Make a decision: Facebook should have prioritized user privacy and taken proactive measures to prevent
unauthorized access to user data.
Implement the decision: Facebook should have implemented stronger data protection measures,
improved transparency, and provided users with more control over their data.
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