New Privacy Issues Related to Cyberspace Objective Essay

Select three organizations within the same industry for analysis — 1. Students should pick one industry from the displayed list below, and within that single industry, name 3 organizations for analysis. (BANKS-JP Morgan Chase, Citigroup, and Wells Fargo) 2. Describe the mission of each (from their website), and examine and compare details of each stated privacy policy, then 3. For each organization, recommend policy changes that will enable each organization to (a) use sensitive customer information to increase business advantage and profitability, and (b) also protect customer personal information to avoid possible privacy or liability issues. You may need to use trade journals and newspaper stories in your reference list. However, try to avoid opinion pieces (like blogs) that may not be factual. You may state your own opinions, but these must be strengthened by scholarly references. Table of Contents: 1. Introduction 2. Industries missions and privacy policies a. JP Morgan Chase b. Citigroup c. Wells Fargo 3. Recommended policy changes to increase business advantage and profitability a. Also include the good aspects of current policy that increases business advantages and profitability 4. Recommended policy changes to protect customer personal information to avoid possible privacy or liability issues a. Also include the good aspects of the policy that protect the customers information 5. Conclusion: JP Morgan Chase Mission Statement: JPMorgan Chase & Co. is a leading global financial services firm and one of  the largest banking institution in the United States, with operations worldwide. JPMorgan Chase conducts operations in more than 60 countries and has assets amounting to over $2trillion and its corporate headquarters are located in New York City. Their mission statement is as follows: At JPMorgan Chase, we believe that being profitable and doing good works for the people and the world around us aren’t exclusive of each other; they’re integrated goals. When our business is strong and well governed, we’re in a better position to translate positive financial results into sustainable community and environmental efforts that benefit everyone.