Restrictions: What restrictions will be implemented to protect private financial information?

In a two-page summary, describe financial and ethics standards Third Star will adhere to. Include the following critical elements:

Restrictions: What restrictions will be implemented to protect private financial information?
Ethical Issues: What ethical issues may arise during implementation of this strategy?
Describe some necessary restrictions on access that should be implemented.

SAMPLE SOLUTION

Adhering to ethical and financial standards is one way through which an organization can achieve its short and long-term goals. Business ethics enhances the law by outlining behaviors that are acceptable within a given industry. It also promotes integrity among employees which eventually builds trust amongst key stakeholders in the organization. Acting ethically will also help Third Star to attract more investors and gain command in the industry. There are many ethical and financial standards that Third Star will have to adhere to in the industry.
Restrictions to Protect Private Information
Private data is critical in any organization and as such, its protection is mandatory. Private financial information can be protected by ensuring that such information is stored in a secure manner. Storing such data in cloud storage systems will help reduce its access to unauthorized personnel. Secondly, the company should restrict the number of people that access passwords that belong to the financial department (Xu et al., 2019). Strong…