Instructions:
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 “SAMPLE DATA BREACH NOTIFICATION” relates to two economic theories, the first one being laissez-fare economic theory. This was shown in how law enforcement responded to the cyberattack instead of strategies being developed to prevent them, which would have protected the customer’s data. The second economic theory is rational choice theory, this describes the way that the customer’s are given the choices to monitor their transactions or cancel their credit cards if it was compromised. One of two social science theories that this can relate to is the social contract theory. This explains the trust that customers give to organizations to ensure the act within their best interest, this incident harmed that trust and relationship, and can lead to doubt or the withdrawing of support from an institution. The next social science theory is the routine activities theory, which describes how the crime was the result of three elements, a motivated offender, the cyber criminals, suitable targets, the thousands of customer’s data and the lack of capable guardians, the failure of the platform’s provider to detect or prevent an intrusion.