Carefully read the scenario below and answer the questions that follow.

XYZ Corporation $-$ Pioneering Ethical Technology Use in the Finance Sector

Background:

XYZ Corporation, a prominent financial services company, operates in a highly competitive and regulated

industry. Facing increasing demands for transparency, data security, and ethical business practices, the company

embarked on a journey to embrace responsible and ethical technology use.

Challenges:

XYZ Corporation encountered several challenges, including the need to protect sensitive financial data, ensure

compliance with stringent regulations, and maintain the trust of its clients and partners in a dynamic industry.

Answer ALL the questions in this section.

QUESTION $1(20$ Marks$)$

Considering, according to the scenario above, that the evolving threat landscape, rapidly advancing technology,

and growing customer expectations made ethical technology use a top priority for XYZ Corporation, discuss FIVE

$(5)$ strategies which the Corporation can use in order to achieve acceptable levels of ethical technology use while

targeting the ideals of information transparency, information security, and ethical business practices. In addition to

implementing and upholding the strategies you have identified, outline the benefits that may redound to XYZ

Corporation as a result of implementing the strategies.

QUESTION $2(20$ Marks$)$

Although technology has largely been embraced by civil society as well as industry due to the numerous benefits

which technology brings into every endeavor and operation, there are also negative aspects of technology to both

industry and society which should not be ignored. Discuss the importance of responsible and ethical technology

use especially in or by industry.