Question: 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.
The article touches on various economic and social science theories. In terms of economic
theories, the two most relevant were rational choice theory and Marxian economic theory. The
rational choice theory is reflected in the company’s decision to outsource its platform, as it
aimed to reduce costs and increase efficiency. The Marxian economic theory is seen in the
company’s failure to invest sufficiently in security, leaving consumers vulnerable to the breach.
From a social science perspective, the article aligns with relativism and parsimony.
For relativism, the company could have been more considerate of its consumers’ privacy
concerns, taking into account different cultural expectations regarding data protection. As for
parsimony, the company could have simplified its risk assessment and focused on basic,
security measures to prevent the breach.