{"id":431,"date":"2024-11-14T03:10:43","date_gmt":"2024-11-14T03:10:43","guid":{"rendered":"https:\/\/sites.wp.odu.edu\/chaitanyap\/?p=431"},"modified":"2024-11-14T03:12:40","modified_gmt":"2024-11-14T03:12:40","slug":"journal-entry-12","status":"publish","type":"post","link":"https:\/\/sites.wp.odu.edu\/chaitanyap\/2024\/11\/14\/journal-entry-12\/","title":{"rendered":"Journal Entry 12"},"content":{"rendered":"\n<p>Two economic theories and two social science theories\u00a0with\u00a0respect\u00a0to the sample data breach notification letter.<br><strong>Economic Theories<\/strong>:<br>Rational Choice Theory: The\u00a0fact\u00a0that\u00a0the\u00a0company\u00a0will\u00a0inform\u00a0the\u00a0customers\u00a0represents\u00a0a rational choice,\u00a0balancing\u00a0the costs and benefits of disclosure.\u00a0After all,\u00a0this\u00a0goes\u00a0in line\u00a0with\u00a0an\u00a0idea that\u00a0people\u00a0and businesses\u00a0tend to\u00a0make choices in their best interests.<\/p>\n\n\n\n<p><br>Classical Economic Theory: The breach and its handling\u00a0present\u00a0a case for\u00a0the\u00a0interaction\u00a0of supply and demand in cybersecurity services. The incident may\u00a0elevate\u00a0demand for\u00a0more\u00a0sophisticated\u00a0security\u00a0and data protection services.<\/p>\n\n\n\n<p><br><strong>Social Science Theories<\/strong>:<br>Conflict Theory:\u00a0With\u00a0the focus\u00a0on power dynamics, this theory could analyze how the data breach reflects\u00a0the\u00a0conflicts between corporations and consumers over the\u00a0control and privacy\u00a0of data.<\/p>\n\n\n\n<p><br>Trust Theory: The notification letter attempts to rebuild\u00a0the\u00a0trust\u00a0level\u00a0between the company and its customers by being transparent about the\u00a0data\u00a0breach\u00a0incident\u00a0and offering\u00a0help, reflecting the importance of\u00a0trust\u00a0in business relationships.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two economic theories and two social science theories\u00a0with\u00a0respect\u00a0to the sample data breach notification letter.Economic Theories:Rational Choice Theory: The\u00a0fact\u00a0that\u00a0the\u00a0company\u00a0will\u00a0inform\u00a0the\u00a0customers\u00a0represents\u00a0a rational choice,\u00a0balancing\u00a0the costs and benefits of disclosure.\u00a0After all,\u00a0this\u00a0goes\u00a0in line\u00a0with\u00a0an\u00a0idea that\u00a0people\u00a0and businesses\u00a0tend to\u00a0make choices in their best interests. Classical Economic Theory: The breach and its handling\u00a0present\u00a0a case for\u00a0the\u00a0interaction\u00a0of supply and demand in cybersecurity services. The incident may\u00a0elevate\u00a0demand for\u00a0more\u00a0sophisticated\u00a0security\u00a0and&#8230; <\/p>\n<div class=\"link-more\"><a href=\"https:\/\/sites.wp.odu.edu\/chaitanyap\/2024\/11\/14\/journal-entry-12\/\">Read More<\/a><\/div>\n","protected":false},"author":29513,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wds_primary_category":5},"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/sites.wp.odu.edu\/chaitanyap\/wp-json\/wp\/v2\/posts\/431"}],"collection":[{"href":"https:\/\/sites.wp.odu.edu\/chaitanyap\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.wp.odu.edu\/chaitanyap\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/chaitanyap\/wp-json\/wp\/v2\/users\/29513"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/chaitanyap\/wp-json\/wp\/v2\/comments?post=431"}],"version-history":[{"count":2,"href":"https:\/\/sites.wp.odu.edu\/chaitanyap\/wp-json\/wp\/v2\/posts\/431\/revisions"}],"predecessor-version":[{"id":433,"href":"https:\/\/sites.wp.odu.edu\/chaitanyap\/wp-json\/wp\/v2\/posts\/431\/revisions\/433"}],"wp:attachment":[{"href":"https:\/\/sites.wp.odu.edu\/chaitanyap\/wp-json\/wp\/v2\/media?parent=431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/chaitanyap\/wp-json\/wp\/v2\/categories?post=431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/chaitanyap\/wp-json\/wp\/v2\/tags?post=431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}