Read this 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

Keynesian Economic Theory – After an organization suffers from a data breach, it’s critical that the organization notifies all their participants, including their customers, about how their information could have been affected. For both legal and moral reasons, sample letters like this should be personalized to include exactly what information was compromised and what the entity can do next to protect themselves. The Keynesian Economic Theory calls for government investments and low taxes to stimulate the economy. I believe this idea would relate to the sample letter, because some companies do lack either the correct guidance and financial resources to respond to data breaches. In turn, some organizations would consider and request aid from federal agencies to help combat these data breaches.

Rational Choice Theory – Rational Choice Theory details that individuals or organizations make choices based on their best interests. Rather, the sample letter details how organizations messed up with their cybersecurity, the letter is in their best interests as it protects them legally and helps investors recover from any further negative consequences. In this perspective, the organization wants to move forward from the situation and uses their best judgment to do so after a data breach. 

Social Science Theories

Objectivity – Apart from the letter includes objectivity that details their letter has to be unbiased in the data breach response. Meaning, this letter cant belittle the data breach itself and must not promote an opinionated point of view. For example, if a data breach occurs against an organization, the breach response letter must be as factual as possible that details how serve the situation is and what customers can expect from the breach. 

Parsimony – In addition to Objectivity, the letter also includes Parsimony that ensures that their breach response keeps their explanations as simple as possible. This is due to the wide variety of audiences that a breach response will be addressed to, as everyone has different levels of cybersecurity knowledge.