Credit Card Issuing Company Violates Internet Law
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.financial and personal details to other companies.
Answer: A is incorrect.
Trademark laws facilitate the protection of trademarks around the world.
Answer: B is.
The credit card issuing company has violated the Privacy law.
According to the Internet Privacy law, a company cannot provide their customer's dramatic, musical, artistic, and certain other intellectual works.
The credit card issuing company has violated privacy law by providing Mark's personal and financial details to another company without his consent. Privacy laws are designed to protect an individual's personal information and prevent it from being disclosed or misused without their consent.
In this case, the credit card company had collected Mark's personal and financial details for the purpose of issuing him a credit card, and it is likely that they had informed Mark about their data collection and privacy practices when he applied for the card. However, by sharing this information with another company without Mark's consent, the credit card company has violated his privacy rights.
It is important for companies that collect personal information to have clear privacy policies in place and to obtain consent from individuals before sharing their information with third parties. Failure to do so can result in legal consequences, such as fines or legal action by the affected individuals.
