Economic Theories

Supply and Demand
This breach could ultimately lead to people not wanting to buy from Glasswasherparts.com and other similar companies. Depending on how many websites the platform runs their personal information could have been stolen many times over. Demand could go down for all the companies that were run by the platform provider and could put a bigger target on the other companies deemed as safe.

Game Theory
Game theory suggests that an individual or a player is constantly thinking of strategies to overcome obstacles being thrown at them by the game or in this case a company’s security. The individual thinks of moves to make while the company thinks of their moves and how to stop them. The individual got a hold of the company’s data so to stop more crime they sent out a letter to their customers informing them of the breach and how they can prevent fraudulent activity.

Social Science Theories

Functionalism
One thing that Glasswasherparts.com did that relates to functionalism is send out a letter of information to its customers. This is an important act and could help a lot of people if they see this letter. Giving them tools and information to further prevent fraud from happening to them is a great look for them. They are creating a positive space in a bad situation and gaining trust from their customers so people will still buy from their company.

Anomie
I believe that Anomie relates to this letter because companies aren’t required to do much in terms of security. Glasswasherparts.com used a third party to run their website and it could be that company is involved in illegal activity. Companies can also sell your information without your permission to other businesses for advertising purposes. This information can easily be sold by the next or stolen and the government cannot and will not intervene.