Journal Entry #11

Glasswasherparts.com’s breach notification letter unravels strategic decision-making, embodying economic and social sciences theories. The delayed disclosure aligns with game theory, portraying a calculated move by the company in sync with law enforcement’s investigative strategy. Meanwhile, information asymmetry, a concept within economic theory, manifests as customers initially remain unaware, impacting trust dynamics and potentially influencing their future interactions with the company.

Within the realm of social sciences theories, trust theory takes the spotlight. The letter accentuates the company’s collaboration with law enforcement, strategically aimed at rebuilding trust post-breach. Simultaneously, social contract theory analyzes the breach through the lens of disrupted agreements. The company endeavors to reestablish this social contract by openly addressing the incident, providing comprehensive information, and guiding customers on protective measures. This dual theoretical perspective offers profound insights into strategic decision-making, economic ramifications, and the complex social fabric surrounding trust and contractual relationships in the aftermath of a data breach.