Read this https://dojmt.gov/wp-content/uploads/Glasswasherparts.com_.pdfLinks to an external site. sample breach letter “SAMPLE DATA BREACH NOTIFICATION” and describe how two different economics theories and two different social sciences theories relate to the letter.
This sample breach letter delves into economic and social science theories. It addresses game theory and information economics. Game theory is evident in the decisions taken by the platform provider and the impacted company over when to reveal the breach and how to cooperate with law authorities. Information economics can be seen in the information gap between a corporation and its customers, as well as its impact on market behavior and consumer trust. Looking from a social science view, this letter could be analyzed using psychology and sociology. Social psychology theories could investigate how people perceive and respond to breach notifications, including emotions such as fear and trust. Sociological theories could investigate repercussions such as decreased trust in online transactions and the role of institutions in overseeing cybersecurity. In conclusion, this letter portrays how economic reasons, information flow factors, individual acts, and societal effects meet in the setting of a data breach scenario.