This case study is for what appears to be a family owned business www.glasswasherparts.com. Considering the company is a small business they decided to outsource their cybersecurity to another company. This would be an example of the rational choice theory. “This theory states that individuals use their self-interests to make choices that will provide them with the greatest benefit.” Another economic theory that is observed is the New Growth theory. The company is smaller so ultimately they want to increase their returns of money. In order to achieve this they hired on a 3rd party vendor to handle their cybersecurity because they are small enough that they don’t have a full time IT staff, which usually includes cybersecurity professionals. The social sciences are considering how much income is brought in even though the company was breached this is an example of the Social Exchange Theory. On the other side of the fence the attacker is suffering from Strain theory, which is defined by encyclopedia Britannica as “proposal that pressure derived from social factors, such as lack of income or lack of quality education, drives individuals to commit crime.” Overall the website owner did what was right by notifying the customers of the breach, the 3rd party cybersecurity team should have notified them earlier and hopefully the company had cybersecurity insurance.
- https://www.onlinemswprograms.com/social-work/theories/rational-choice-theory/