Read this https://dojmt.gov/wp-content/uploads/Glasswasherparts.com_.pdfLinks to an external site. sample breach letter “SAMPLE DATA BREACH NOTIFICATION” and describe how two different economics theories and two different social sciences theories relate to the letter.
The two different economics theories and two different social sciences theories relate to the letter by economically not being able to protect customers data, the customers having to pay the price of their data being stolen. As the company try to fix their breach by spending a lot of money, the cost of transaction for customers increases because they will have to extra caution to protect their data moving forward. As for socially, things like data breaches causes a huge damage to the trust that customers have towards the company which will make them less likely to trust the company with their information. It also shows how important it is to protect our information in today’s world, where digital world is advancing and making things easier for us but also growing and creating new risks.