Economic Theories & Social Science Theories:
https://dojmt.gov/wp-content/uploads/Glasswasherparts.com_.pdf
This letter is an example showing the response of a company that has reported a data breach to its clients. In this instance, a data breach had occurred the previous year and was informing member of the instance. See the following chart based upon a few theories, both economic and social:
| Economic | Social Science |
| Liability – The company/business had the legal obligation to inform the users of the breach so they may take the necessary steps to secure their breached information. Organizations use their legal resources to ensure they are not in immediate legal risk due to the breach and jeopardy of others information/data. Game theory – Strategic interactions used to make rational decisions in the best interest of an organization. In this case, the company did not inform the affected parties until the legal obligation, more than a year later. They informed the parties when the had ample information and had plenty of time to recuperate. | Conflict theory – This refers to the organizations response. The way a company handles an attack/breach can heavily impact its operations. The big question stands: how can we (the organization) take the upper hand and minimize loss, maintaining trust and followers? Parsimony – With this we see several purposes: the directly of the notice give direct and concise information. They group states what happened, when, why, and how to move forward. It is crucial to provide enough information so users do not feel out of the loop. |