Journal #12

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.

Economic theories such as supply and demand and cost-benefit analysis play important roles in the example breach notification letter. The breach may influence demand if customers doubt the organization, whereas the cost-benefit analysis approach compares cybersecurity efforts against possible breach consequences. Sociocultural theory is significant in the social sciences, as society norms openness and responsibility in data processing. Risk society theory also applies since current societal structures are highly concerned with controlling cybersecurity threats, such as data breaches, that affect customers’ everyday lives and decisions.