At present, emerging information technologies or computer technologies are all pervasive and have tremendous benefits but also raise some ethical and social concerns. Let us have an understanding of such issues before we may think of addressing the possible social and moral fallouts arising out of it. In this paper, it has been tried to highlight the importance of ethics among information technology professionals to ensure that computer technology is not used in the wrong way which can harm people, our environment and the society. IT professionals need to be fair, loyal, honest and have ethical practices while working for an organization to make it a success. IT professionals have to abide by codes of conduct like at Harvard University which has a well-drafted ‘IT Professionals Code of Conduct to protect Electronic Information and a sort of self-policing.’ A grading methodology can measure the ethical environment of an organization for creating benchmarks in an entity.