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Ethics and Corporate Social Responsibility in Business Law

[Last Name] 1 Sydney Williams Sonja Mastriano BUS-206 November 26, 2023 BUS 206: Project 2 Introduction Ethics is the process of distinguishing right from wrong and what is the legal process of determining right from wrong based on a specific ethical system which in term determines the punishment. Ethics tend to influence the laws. Ethics tell a lot about a person such as their principles, purpose, and values. Corporate social responsibility is the responsibility of firms doing business within a community to meet the expectations that the community imposes on them (Kubasek et al.,2020). Social responsibility and business ethics are commonly used interchangeably. Businesses can be conscious of the kind of impact they have on society by practicing social responsibility. The best way for a business to act ethically and be socially responsible is for the business to put a code of ethics in place. There are both some legal and ethical issues in the situation that Mountain Top View is facing. The IT lead, Steve. Discovered a breach of customer data on the company website. Steve did not report this breach as he felt only those that placed online orders in the first months of the year were affected. The error was quickly when business was put towards ethics. The customers who were affected should have been made aware of what happened at the time of the occurrence. When it comes to being socially responsible it is important for a business to report any data breach to customers as soon as it occurs to protect them from any identity theft or stolen card information. [Last Name] 2 The stakeholders, the owner, the employees, and the customers whose information was leaked, are all affected by the data breach. Clare, who is the sole proprietor, is liable for all losses incurred (Kubasek et al., 2020). The customers whose information was breached during the first quarter hack were the most affected. Like any other customers, these customers expected their information to be protected. Instead, their names, addresses, and phone numbers were all accessed. Therefore, these customers are at a higher risk of their identity being stolen, or people charging their cards with unauthorized purchases. Because of the breach, customers who are aware may be weary of using their website of giving their business to the company due to the fear of another breach occurring.