Which elements of this case might involve issues of legal compliance? Which elements illustrate
acting legally but not ethically? What would acting ethically and with personal integrity in this
situation look like?
Business ethics refers to the standards for morally right and wrong conducts in a business
setting. The Equifax Data Breach, tells how crucial the proper utilization of business ethics can
affect the stakeholders of an organization. (Byars et al, 2019)
At the point when Equifax had the information of millions of people leaked by hackers, the
organization executives sold the company’s stock weeks before the breach information went
publicly. This is pointed as a violation of inside trading rules, this element depicts a case of legal
compliance issue. Afterwards, high executives of this organization resigned in order to avoid
facing the legal consequences of their actions. (Byars et al, 2019)
The decision taken by these high executives illustrates acting legally but not ethically, these
executives didn’t commit the hack attack, and they would have simply, defend themselves in a
Juri. But they chose to act unethically by hiding the data breach and profiting from it by selling
owned stocks at a high price. This led the organization to lawsuits, face penalties and loose
trust among stakeholders and stockholders. (Byars et al, 2019)
