The letter outlines the data breach amongst Glass Washer Parts website, they experienced a cyber attack within their third-party’s network system. The attacker was able to gain consumers names, phone numbers, address, and card information from the data leak, which can promote identity theft. This relates to the Laissez-fare economic theory that states that government intervention should not be allowed unless to protect individuals rights; their inalienable rights. The website was affected by malware and consumer information was leaked causing law enforcement to investigate the situation. This letter also relates to Keynesian economic theory calling for government investment and low taxes to stimulate the economy. The government should increase spending on implementing nationwide security policies to ensure there are no consumer data leaks as a standard of cybersecurity. This relates to cybersecurity regulations and social science because risk management is very important to combat data leaks like in the letter. It also gives insight on why an attacker would possess such deviant behavior. Cybersecurity analysts often study behavior to detect and prevent security threats, by understanding how individuals interact with technology and how they compromise security systems they can develop better policies and implement better protection.
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