{"id":371,"date":"2024-12-02T19:49:41","date_gmt":"2024-12-02T19:49:41","guid":{"rendered":"https:\/\/sites.wp.odu.edu\/nmele002\/?page_id=371"},"modified":"2024-12-02T19:49:41","modified_gmt":"2024-12-02T19:49:41","slug":"journal-12","status":"publish","type":"page","link":"https:\/\/sites.wp.odu.edu\/nmele002\/journal-12\/","title":{"rendered":"journal 12"},"content":{"rendered":"\n<p>Economic Theories:<\/p>\n\n\n\n<ol>\n<li>Cost-Benefit Analysis: The notification demonstrates cost-benefit considerations by<br>alerting customers and urging protective actions. This response weighs the potential<br>financial impact on the company and customers, aiming to mitigate further losses.<\/li>\n\n\n\n<li>Keynesian Economic Theory: This theory supports governmental or third-party<br>intervention in cybersecurity. In this case, involving a cybersecurity firm and federal law<br>enforcement underscores the importance of external assistance to stabilize trust and<br>prevent further financial impact.<br>Social Science Theories:<\/li>\n\n\n\n<li>Social Contract Theory: The letter reflects an implicit social contract between the<br>company and customers, recognizing an obligation to inform and protect customers after<br>a data breach.<\/li>\n\n\n\n<li>Risk Society Theory addresses societal responses to large-scale risks, like cybersecurity<br>threats. The letter shows the company&#8217;s acknowledgment of these risks and the need to<br>involve the organization and customers in minimizing potential harm.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Economic Theories:<\/p>\n","protected":false},"author":28358,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/sites.wp.odu.edu\/nmele002\/wp-json\/wp\/v2\/pages\/371"}],"collection":[{"href":"https:\/\/sites.wp.odu.edu\/nmele002\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.wp.odu.edu\/nmele002\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/nmele002\/wp-json\/wp\/v2\/users\/28358"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/nmele002\/wp-json\/wp\/v2\/comments?post=371"}],"version-history":[{"count":1,"href":"https:\/\/sites.wp.odu.edu\/nmele002\/wp-json\/wp\/v2\/pages\/371\/revisions"}],"predecessor-version":[{"id":372,"href":"https:\/\/sites.wp.odu.edu\/nmele002\/wp-json\/wp\/v2\/pages\/371\/revisions\/372"}],"wp:attachment":[{"href":"https:\/\/sites.wp.odu.edu\/nmele002\/wp-json\/wp\/v2\/media?parent=371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}