Read sample breach letter
“SAMPLE DATA BREACH NOTIFICATION” and describe how two different economics theories and two different social sciences theories relate to the letter.
First, this sample letter is about a breach that has been noted. The investigation indicates that the intrusion began in approximately February 2016 and ended in December 2016. The attackers gained access to customer information, including payment card numbers, as customers made transactions on the platform provider’s systems, and had access to historical payment card data. The rational choice theory, which is the use of interests to make choices that will benefit them the most, is one economic theory related to the letter.Whichever they chose, they took their time to access and investigate, then made a choice on what the best solution was. Another economic theory is neoclassical economics, which focuses on supply and demand as the driving forces and the consumption of goods and services. The reason for this is that, through this letter, they informed many people that there had been a breach, which is a commendable act of service.Two social science theories related to the letter so far are human factors, which is the field of psychology that uses psychological knowledge, including the principles of sensation and perception, to improve the development of technology. In this case, it clearly shows that there have to be many developments in technology and improvements made to it. Another social science theory that can be identified is psychology research, specifically perceptions and safety, which says, “The way we think and see things will influence our perceptions of safety.” Our perceptions of safety, if incorrect, may actually increase the risk of victimization. This is something that they did not calculate correctly, and the perception when it was incorrect caused there to be a breach in the system. The information that the attacker had access to includes first and last name, address, phone number, and any debit or credit card numbers.
BUG BOUNTY POLICY
Many studies indicate that there have been numerous difficulties with cybersecurity vulnerabilities. According to the article, 93% of the Forbes Global 2000 corporations lack vulnerability disclosure procedures. The bug bounty policy establishes bug bounty programs.
For starters, they assist businesses with identifying defects in their code base that they may be unaware of; an axiom in programming is that the more eyes that review a software product, the more vulnerabilities that are remediated. Second, they give organizations that lack the clout to hire top-tier personnel a way to engage freelance hackers. Overall, bug bounty schemes enable organizations that may struggle to hire expertise to hire freelance security researchers and better defend themselves against a major negative risk.