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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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C h i p s

C.H.I.P.S.

Group 7A - Biometrics

Cost

Sufficient Protection

Internal Control

Patent

Hassle


C h i p s

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


Hassle

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)


Internal control

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.


Patent

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


Sufficient protection

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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