Chapter 0, Problem 5SI

Explanation of Solution

Government Regulation of computer technology:

• There are dangers to private security, exploitation of interests of the one group, misuse of information, threat to personal information and domination by the vested interests. Therefore, the government needs to regulate the computer technology.
• In order to ensure fair access to the banking services and economy, government should regulate and make laws so that the interest of all the groups is protected.
• Government should regulate the amount of charge levied on the service charges and should ensure fair competition among various services providers so that the customer is able to choose between various banks.
• Moreover, there has to be more than one choice, so that either one can choose checks, payroll card or direct deposit or other methods.

There are federal laws on direct deposit, but states can also make regulations. The Electronic Fund Transfer Act (EFTA) protects employers and employees who use features like direct deposit. Federal law says that employers can make direct deposit mandatory. However, one of the following conditions must be met:

• The employee must be able to choose the bank for direct deposit.
• If the employer chooses the bank, it must offer another form of payment for the employee, such as a paper check

The rights of the children and family with respect to privacy need to be protected.

• Government should regulate regulations so that privacy is not compromised, intruded and disclosed to strangers and hackers.
• The prior permission needs to be obtained regarding what is being shared and what information is available to the companies associated with interactive TV.
• Personal and Private data need to be highly protected with high end security and anti-virus and anti-theft programs, so that it is shared only with the concerned person. It is highly unethical to pose threat to children to obtain information about the children.

Conclusion:

• Therefore, the government should regulate regulations to the extent so that economic growth is not hampered and the advancement of technology is not stagnant.
• It is the duty of the elected government to protect human right with regards to privacy, free access to economic services and decide the amount of charges that is borne by consumers in banking services, sidewise allowing the open access to market for better infrastructure and technology.