An IT Policy, is when you follow the rules and regulations, of a business with its confidential data and making sure you only access them when your at work, for e.g when you are out of working hours you cant log in to your work laptop as it could breach the data protection act and the penalty could be severe to the point you could be serving time in jail and also have a criminal record to your name which could effect your future life.

[15:11] farzana

Not following the policy could harm its reputation

[15:18] farzana

Backing up policy's so nothing is lost

[15:19] aatikah mehmood (Guest)

network access-is the procedure around passwords, firewalls, networked hardware which staff and guests should follow this involves the security of connecting to other mobile devices. The impact of not following these policies involves a fine or serving jail time.

[15:21] Haris Arfan (Guest)

equipment we have to make sure that the products they give us we take care of for eg a laptop its our responsibility to take care of the laptop and its properties if we do that then all is good but if we lose he laptop we could be looking into an investigation and most likely get sacked, we cant use mobile phones as it also comes under data protection.

 social media policy is when you when you follow guidelines in relation to posting content relating to the company you work for

dont disclose any information on social media

if do not comply possible dismissal from job.  and internal investigation

protection against your brand

surprised 1

security and privacy guidlines

data protection act 

if you stick to the policy set by your company it helps to ensure nothing offensive or hurtful is posted 

a social media policy is a corporate code of conduct that provides guidelines for employees who post content on the internet either as for work or in private life

The purpose is to set expectations for appropriate behaviour and ensure that an employees social media posts will not expose the company to legal problems or public embarrassment.

• Consequences for violating. A social media policy should be transparent as to what the consequences are for employees violating the rules such as dismissal

It covers things such as marketing calls & emails, cookies, keeping communication services secure, and customer privacy.

The impacts of following the rules and regulation include things such as: Data is protected and secure, no laws are being broken, keeps customers happy and satisfied.

The consequences of not following these regulations can include: fines due to laws being broken, data is being shared to potential malicious parties, identity theft, loss of valuable data, potential loss of customers which can lead to a loss of business.

rules:

1. Act with integrity

2. Act with dhe diligence and care

3. Must be cooperativewith FCA

4. Pay due regard to the interests of customers (treat them fairly)

5. Follow proper standards within the market

6. Must attempt to deliver good outcomes for retail customers

Disciplinary: issuing fines, prevention of individuals or firms from conducting business. When disciplinary occurs it can ruin the shareholder value within a firm and can cause adverse customer relations.

Benefits: If followed fully the companies can gain a equal chance at capital gains while producing the best possible good or service.

Customer service: Through adhering to these rules the companies will have to do right by the customers and avoid financially abusing their customer base and provide the best possible service which in turn may increase capital gains as better goods/service gives the brand. Furthermore it can help them compete in very populated markets such as insurance and banking.

FCA regulates the financial services within the UK and aims to prevent the exploitation of consumers and to maintain fair market conditions.

rules:

1. Act with integrity

2. Act with dhe diligence and care

3. Must be cooperativewith FCA

4. Pay due regard to the interests of customers (treat them fairly)

5. Follow proper standards within the market

6. Must attempt to deliver good outcomes for retail customers

Disciplinary: issuing fines, prevention of individuals or firms from conducting business. When disciplinary occurs it can ruin the shareholder value within a firm and can cause adverse customer relations.

Benefits: If followed fully the companies can gain a equal chance at capital gains while producing the best possible good or service.

Customer service: Through adhering to these rules the companies will have to do right by the customers and avoid financially abusing their customer base and provide the best possible service which in turn may increase capital gains as better goods/service gives the brand. Furthermore it can help them compete in very populated markets such as insurance and banking.

we chose three that we thought were most impactful to follow and also not follow.

we chose

-Respect

-Rule of law

-Individual Liberty

Respect being to make sure no one is being discriminated against. Equal opportunities for everyone. everyone is treated fairly and the same.

Rule of law is making sure that no one is exempt from the rules. This is in order to keep justice and fairness in the workplace.

Individual liberty is the right to share one's individual thoughts. The freedom of speech whilst still staying in a respectful manor.

Following Data Protection Laws:

• Trust and Reputation- Compliance builds trust with customers and partners, enhancing an organization's reputation.

• Legal Consequences- Avoidance of legal penalties, fines, or sanctions that may be imposed for non-compliance.

• Data Security- Implementation of robust security measures to protect against data breaches and unauthorized access.

Not Following Data Protection Laws:

• Legal Consequences: Non-compliance can result in fines, legal actions, and sanctions imposed by regulatory authorities.

• Reputation Damage: Breaches of data protection can harm an organization's reputation, leading to loss of customer trust.

• Financial Impact: Fines for non-compliance can be substantial, affecting the financial stability of the organization.

• Operational Disruption: Investigations, legal proceedings, and efforts to rectify non-compliance can disrupt normal business operations.

rules:

1. Act with integrity

2. Act with dhe diligence and care

3. Must be cooperativewith FCA

4. Pay due regard to the interests of customers (treat them fairly)

5. Follow proper standards within the market

6. Must attempt to deliver good outcomes for retail customers

Disciplinary: issuing fines, prevention of individuals or firms from conducting business. When disciplinary occurs it can ruin the shareholder value within a firm and can cause adverse customer relations.

Benefits: If followed fully the companies can gain a equal chance at capital gains while producing the best possible good or service.

Customer service: Through adhering to these rules the companies will have to do right by the customers and avoid financially abusing their customer base and provide the best possible service which in turn may increase capital gains as better goods/service gives the brand. Furthermore it can help them compete in very populated markets such as insurance and banking.