Credit Card Issuing Company Violation
Question
A Web-based credit card company had collected financial and personal details of Mark before issuing him a credit card.
The company has now provided Mark's financial and personal details to another company.
Which of the following Internet laws has the credit card issuing company violated?
Answers
Explanations
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A. B. C. D.B.
The correct answer to this question is B. Privacy law.
The credit card issuing company has violated Mark's privacy by sharing his personal and financial details with another company without his consent. This is a clear violation of privacy laws, which are designed to protect the personal information of individuals.
Privacy laws are a set of legal guidelines that regulate the collection, use, and disclosure of personal information. They are intended to protect individuals from the misuse of their personal information, including financial and other sensitive data.
In this case, the credit card issuing company collected Mark's personal and financial details when he applied for a credit card. However, they had no right to share this information with another company without his explicit consent. Doing so violates Mark's privacy and is likely to cause harm to him.
It's important to note that there are different privacy laws in different countries, and the exact regulations can vary. However, most privacy laws share the same basic principles, which are designed to protect individuals from unauthorized use or disclosure of their personal information.
In conclusion, the credit card issuing company has violated privacy law by sharing Mark's personal and financial details with another company without his consent. This is a serious breach of privacy and could have serious consequences for both Mark and the credit card company if he decides to take legal action.
