Assignment:

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 science theories relate to the letter.

Answer:

Since I was not able to access the link below because it blocked me I chose a different sample of a breach letter (https://dos.ny.gov/data-security-breach-notification-sample-letter).

I believe that the two economic theories that fit best to this example are the rational choice theory and the classic economic theory. This is due to the fact that the company is reaching out to their customers giving them advice on how to ensure that they do not become a victim of identity theft showing how the company is doing something that they believe is in their best interest. This not only helps affected customers but also strengthens their trust in the company because even though there has been a data breach the company shows that they care about their customers and are willing to help. This is the rational choice. The classic economic theory comes into play when the company gives them phone numbers of Equifax, Experian, and TransUnion. Even though the government could come in and help the inflicted, the company thought that the federal government should not interfere with the economy and therefore gave them numbers to non-governmental