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Introduction
Organizations and companies often face difficult ethical and moral issues that affect the overall well-being of the company. Making the right or wrong decision can cause companies to be either successful or failures. Leaders and managers have an obligation to stakeholders, officers, board members, employees, and customers to make the right ethical decisions. Making the wrong decisions can affect not only the lives of the board members but can also adversely affect employees as in the case of identity theft.
Issue Clarification
Identity theft is a major ethical issue facing companies and organizations worldwide. Employers have access to personal employee information such as social security numbers, credit reports, background screening information, healthcare and insurance information, address and phone numbers. These items are collected by employers to establish employment, however with the number of identity theft cases increasing employers have to take precautions to ensure that employee information will be protected. According to Internet Wire magazine, in 2007, identity theft affected 8.4 million people nationwide, costing each an average loss of $5,720 according to a Javelin Strategy & Research Survey. In most instances the information needed to steal someone’s identity is taken from an employer through either an inside source or from a lack of safeguarding information by the company.
Stakeholder Analysis
When personal information is released from a company all stakeholders are affected. A stakeholder is anyone who has an interest in the well being of a company such as employees, customers, board members, and stockholders. When information is ...