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C.H.I.P.S.

C.H.I.P.S. Group 7A - Biometrics. Cost. Sufficient Protection. Internal Control. Patent. Hassle. Cost. Small Company /Limited Budget Only generate $3.2 million in net income per year Small number of employees 410 employees, 1.5% employee growth per year

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C.H.I.P.S.

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  1. C.H.I.P.S. Group 7A - Biometrics Cost Sufficient Protection Internal Control Patent Hassle

  2. Cost Small Company /Limited Budget Only generate $3.2 million in net income per year Small number of employees 410 employees, 1.5% employee growth per year Companies that currently use biometrics are significantly larger than Volts Vagon Retina Scans are proven to be one of the most expensive biometric systems available (Jain, A., Hong, L., & Pankanti, S., 2000) Maintenance Costs Mass amounts of data must be stored, need a large database and people to run it Licenses to software programs must be acquired Hardware must be installed and maintained Liability Costs Responsibility for hacks and system breaches extra insurance, lawyer fees, damaged reputation, breach of company-employee trust Long-term Costs Physical security must be employed to prevent forced entry

  3. Hassle Ethical and Privacy Concerns Responsibility of keeping employees’ eyes on file Reveals health related problems High blood pressure, drug use, pregnancy, and other health issues Employees have the right to refuse to use retina scans Employees could worry about the release of their information to law enforcement Safety Intruders forcing access to facility Loss of Productivity Time consuming process for employees “The more valuable the information contained in the database, the more of a target it is” (Barton et al., 2005)

  4. Internal Control Employee Management The only way for competitors to discover our battery is from inside our company If an informant is within the walls of our company, our security system (including a retina scan) would be compromised Hiring Process Recently hired over a dozen new engineers to work on battery Online Theft It is much more likely for competitors to access our information online, not physically breaking into our facility Confidentiality in this case is not about keeping people out, but keeping information in.

  5. Patent Patent Pending With the invention of our new battery, Volts Vagon will apply for a patent and with a “patent pending” our new battery invention will be legally the exclusive rights and property of Volts Vagon. While other companies could technically “steal” the idea of our battery, it will be rendered useless to other companies as we still have legal rights through the applied patent which is being processed Damaged Reputation Respectable companies will not risk the reputation damage of stealing ideas directly Competitors are more likely to modify our battery once it is released than to break into our facility

  6. Sufficient Protection Security measures are already in place Identification badges with unique radio frequency chips 8-digit password Highly unlikely competitors will physically break into our facility and risk criminal charges No evidence to believe breach will occur There was no theft of our original battery technology Competitors still contract their batteries out, so if they would have broken into our facility it would have been when we first created our battery, and there was no break-in

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