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.
Economic Theories
1. Rational Choice Economic Theory
The rational choice economic theory suggests that individuals make decisions that maximize their utility. In the context of the data breach, customers are advised to contact their credit or debit card companies immediately. This recommendation aligns with the rational choice theory as it assumes customers will act in their best interest by taking proactive steps to protect their financial well-being. The company, by providing this advice, recognizes and appeals to the rational decision-making of its customers in response to the breach.
2. Keynesian Economic Theory
The Keynesian economic theory emphasizes government intervention during economic downturns. In this context, the analogy can be drawn to the company’s intervention after the data breach. The company invests in cybersecurity measures and collaborates with a cybersecurity firm to address the issue. This intervention mirrors the Keynesian idea of active efforts to manage and correct economic problems. The company, acting as an economic agent, takes steps to stabilize and secure its “economic” environment post-breach.
Social Sciences Theories
1. Conflict Theory
Conflict theory examines societal inequalities and power imbalances. In the case of the data breach, there is a potential power struggle between the company and its customers. The breach represents a conflict of interest, where the company failed to protect customer data adequately. The customers, now aware of this conflict, must navigate the power dynamic by taking actions such as contacting their financial institutions to mitigate potential harm. The conflict theory lens highlights the disparities in power and control over sensitive information.
2. Symbolic Interactionism
Symbolic interactionism focuses on the symbolic meanings attached to interactions. In the letter, the company uses symbols such as trust and security. The breach challenges the symbolic meaning of trust between the company and its customers. The actions recommended, like contacting credit card companies, symbolize a response to restore a sense of security. Symbolic interactionism helps understand how these symbolic meanings influence the perceptions and actions of both the company and its customers in the aftermath of the breach.
In summary, the rational choice economic theory and Keynesian economic theory, along with conflict theory and symbolic interactionism in social sciences, provide nuanced perspectives on the decision-making processes and power dynamics at play in the context of the data breach incident.