Business today retains a variety of problems, a major one of these problems are breaches in information and consequently society has come up with Information security to help secure peoples privacy. In order to understand why we have information security, one has to first apprehend the value of information. Typical information stored by different businesses and individuals will consist of an assortment of hypersensitive information that revolves around their employees, financial status, earnings, plans for the future, personal information etc. Naturally the more information we store and process in cyber space, the more of the risk of unauthorised entry occurs. Thus, protecting our information has become a number one priority, as information security helps protect lives and businesses.
In today’s day and age it is vital for various companies and institutions throughout the world, to practise information security. Various collections of information need to be securitized in order to help protect the privacy of both clients and customers. Information security refers to the act of protecting information and information systems from unauthorized access, use, disclosure, disruption modification or destruction (Laura Schneider, 2012). Data held on various IT systems could be of value and critical to the business, thus it is essential to maintain that the information security is most up-to-date. The three main goals or in other words the main purposes of information security is to help preserve companies’ confidentiality, integrity and the availability of information.
The Practise of information security differs from country to country as different countries prioritise their needs dissimilarly. In this paper, whilst examining the diverse legal, ethical and professional implications of information security, we will compare the United States of America to Sweden and identify and differentiate between the two countries major national laws, regulations and ethics.
Identification of Major National American Laws and regulations affecting the practise of information security
The objective of having information security is to guarantee an effective policy which is imposed through various security protocols, that apply to both suppliers, employees and any other person connected with that business or organization. Throughout the United States of America we can see and identify a wide spectrum, and diverse set of major national laws and regulations, that affect their information security throughout diversified areas such as; banking, accountability and areas like economical and national security.
Banking plays an intensive key role in the American economy, one law that helps fight against privacy and information invasion throughout the area of banking is the, Gramm-Leach-Bliley Act (GLB) or in other words the Financial services modernization Act of 1999. This act demands that all financial institutions have to create a written...