Implications of Phone Hacking Scandal

Implications Of Phone Hacking For The Media, The politics And Other Businesses In The UK Phone Hacking oscilloscope * Phone hacking is an on-going controversy surrounding New Corporation, its subsidiary parole International and its raw(a)spaper, newsworthiness of the World. * Phone hacking reportedly begun in 1998, with the first allegations been do in 2006, and the first major investigation in 2011. * Over 4000 potence victims, including members of the Royal Family, the family of murdered schoolgirl Milly Dowler, Gerry and Kate McCann as well as celebrities like Hugh Grant.Implications The Media * News of the World closed down in July 2011 ending its 150 class existence. * YouGov poll found that 58% of British people choose doomed trust in the papers since the scandal. * TV and Radio have benefitted from the escape of trust in newspapers. * Leveson inquiry is likely to lead to much tighter regulation, with latent new legislation to enforce stricter controls in the long r un. Implications The Government * Government involvement with the fight heavily scrutinised, particularly Andy Coulson and Jeremy Hunt. David Cameron were required to handle the headphone hacking scandal and thus commissioned master copy Justice Leveson to run an inquiry. * The Leveson report, released brook week found the press and wreaked havoc with the lives of innocent people. * Lord Levesons recommendations were for the Parliament to set up a strong, independent press regulator, cross party talks are now taking sharpen to agree on the best way to regulate the industry and check over immunity of the press still exists.Implications Other Business * Not as directly implicated as the Government or the media. * Changes in shelter as companies and individuals are now more aware of the threat make up by hackers. * The News of the World employees charged and arrested has highlighted the importance of morals in conducting business activities. * The phone hacking scandal along with the global financial crisis have highlighted the need for answerableness and transparency in all undertakings Concluding RemarksIn the misfortunate term the onus is on the Government and press to create a new regulatory framework, potentially involving new legislation whilst protecting the freedom of the press. In the longer term the main implications will be the veer in the way the press operates and the step changes made by other businesses in light of recent controversies. Opportunity For Deloitte By demonstrating strong governance, transparency, professionalism and accountability Deloitte will be able to market themselves more attractively to new and existing clients.