Hits: 0
- Insecurity in Facebook data
There has been a lot of lawsuits against Facebook for data security and they were fined 5 billion by FTC over the Cambridge Analytics scandal. They must put enough infrastructure to make sure their user’s information is safe and secure. This risk can bring a lot of problems in the future for Facebook if they don’t take proper action now.Insecurity in Facebook data
There is a big privacy and security issue in the world today as social media is flourishing and the mentality and culture to put all the events of life in our social media accounts. These data are being various ways to feed us the ads and news which can make a big impact on our decisions. One of the big ethical issues Facebook, which is a big risk, is that it has failed to protect consumers’ data safely and provide more security. As Facebook has always emphasized profit over the protection of its consumer, it is becoming a dangerous platform and there are many ways companies and people can use the data from Facebook to cause various harmful activities. Facebook has the financial capacity to provide more security and make sure that the news is correct and isn’t providing misinformation, but the only apparent thing Facebook is doing is “saying sorry” which is not enough. Insecurity in Facebook data Consumers will have more trust in a product like this when they know that the company is doing everything it can to protect them, but if Facebook is unable to gain that trust back, they will start losing consumers
This is a very tricky question as it looks like a unique financial transaction, and this requires a unique way of recording. Before working on the solution and recording it is very important to understand the question clearly. Few key points about the scenario are as follow:
o Airline entered a revolving accounts receivables facility (it used the $489 million AR and exchanged it with a trust for senior certificate)
o $300 million was in the form of Senior Certificate and $189 Subordinate Certificate.Insecurity in Facebook data
o Sold Senior Certificate and received $300 million in cash.
o It isn’t mentioned clearly about how much the company made with the sale of subordinate certificate, but it did say is more than senior certificate and therefore it is more than $300 million
o Company needs to pay fees and administrative costs to the facility. (amount not provided)
This whole transaction needs to be recorded separately and not in the regular balance sheet.Insecurity in Facebook data
For Insecurity in Facebook data please click here