Journal Entry #11 (Sample Breach Case Study)

The two economic theories that relate to the glasswasher data breach are the rational choice and maxarian theories. The rational choice theory states that businesses will make choices in their best interest (Installing mitigation softwares, setting budgets, problem solving). In this case, the company decided after the breach to hire a cybersecurity firm to remove the malware and contact the authorities about the issue. Next, is the marxian theory. This theory states that those with power will exploit those without it. In this case the ones with power would be the hackers who were able to get into the website. They exploited and were able to steal people’s information for financial gain.

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