Read this https://dojmt.gov/wp-content/uploads/Glasswasherparts.com_.pdf sample breach letter “SAMPLE DATA BREACH NOTIFICATION” and describe how two different economics theories and two different social sciences theories relate to the letter.
Two economic theories: Rational Choices, and Classical Economic theory
Two social sciences theories: Structural functionalism, Symbolic Interactionism
This sample breach letter is explaining how customers of Glasswasherparts had their card numbers stolen, as well as names, addresses, and phone numbers. These things could be used by the hacker that obtained this information to steal the victims’ identities. Rational choices theory states that people and organizations make decisions that will work out for them the best. In this case scenario. Glasswasherparts decided to host their website through a third-party vendor, and therefore did not have to worry about cybersecurity for themselves. The third party was in charge of cybersecurity and failed, and now Glasswasherparts is not the ones to blame for the breach in their system. They also recommend their customers talk to their banks in order to ensure that they do not become victims of identity theft, in order to preserve the customers’ best interests. Classical economic theory states that supply and demand motivated every financial negotiation, many times even when it is not two products being exchanged, but information as well. In this scenario, this is related to the card numbers. There is a high demand for information like this on black market websites, because it allows criminals to assume identities of someone else and use someone else’s money for their schemes. Information is just as easily able to be turned into something to be bought and traded for as other assets. Structural Functionalism is the theory that focuses on the “how and why” cybersecurity is important for the infrastructure of society. This breach would show that cybersecurity is important for society, because it protects people’s information that becomes more digitized by the day. Just like there are locks and vaults with guards in the physical world for important assets, there must be forms of encryption and cybersecurity professionals for digital assets. This is why cybersecurity is important. Symbolic interactionism as a theory is about how people interact in the cyberspace, and how this interactions shape how it operates. This shows a triangle of sorts about cybersecurity. Businesses provide a service to people, and people provide the business with money. Cybersecurity professionals provide a service to businesses, and businesses provide the cybersecurity professionals with money. People become cybersecurity professionals, and also turn to cybersecurity analysts when they’ve been hacked on a personal level.