Read this https://dojmt.gov/wp-content/uploads/Glasswasherparts.com_.pdf sample breach letter “SAMPLE DATA BREACH NOTIFICATION” and describe how two different economics theories and two different psychological social sciences theories relate to the letter.

The two economic theories that relate to the letter is Information Asymmetry and Negative Externalities. Information Asymmetry because the company and it’s platform provider already knew about weaknesses and later discovered the breach before the customers did, the customers continued making purchases without knowing that their data might be compromised, and the delayed disclosure meant that customers were making economic decisions with incomplete information which put them at risk. For negative externalities it connects to the letters by the platform provider’s failure to secure its servers which created costs for customers. Also the company tried to shift some of this responsibility to the third party providers, but the consumers are still the ones getting most of the consequences. The two Psychological social science theories that relate with the letter is PMT and Attribution Theory. PMT explains how people asses threats and decide whether to take protective actions so they respond based on severity and vulnerability. It connects to the letter as it frames identity theft as a serious threat, tells customers that they may have been exposed, and recommends actionable steps. For attribution theory it explains how people interpret cause of events and then assign responsibility. It relates to the letter as the problem is attributed to the third party platform provider and not the company itself, and it emphasizes cooperation with federal investigators and cybersecurity firms.