You work for a local company that sells and manages data sec

You work for a local company that sells and manages data security for small businesses in Minnesota and Wisconsin. This company sells security software, hardware encryption, and hosts secure servers for Internet transactions. Your company also stores customer data including TAX-ID numbers and bank accounts. As your company grows and tries to compete with the larger companies like IBM or Microsoft, your boss asks you to discover new ways of generating business. One idea you have is that you could go through the data of your small business customers and find out who they conduct business with such as other companies or even consumers like you or me. Once you identify these potential new customers, you could then market your services to them. You also don\'t think you need to notify your existing business customers since you are already protecting their data and housing all of their information.

Does the US Constitution specifically guarantee customer privacy? (Be careful on this answer...it is a trick....).

Solution

Answer:

The US Constitution Does not specifically guarantee customer privacy and there are no laws to protect customers.

Most of the amendments in \"Right to Privacy\" acts protects the private information from public disclosure. The customer privacy is moslty depends only on the privacy disclosed in privacy policies of the respective organisation.

In other reference which highlights this customer privacy is \" The financial Monetization Act of 1999\". Under this act, customers are to be provided with privacy policy which explaines what kind of information is collected from them and how it will be utilized. It is the duty of the financial institution to safeguards all the collected informations.

Thanks.