The sample data breach letter is somewhat similar to the classic economic theory. Classic economic theory suggests that markets are generally efficient and self-regulating. The security breach, as explained in the letter, can be seen as a disruption to the efficiency of the market. The incident introduces an external factor (cybersecurity threat) that disrupts the functioning of the online market for glasswasher parts. Additionally, we can draw similarities between the letter and laissez-faire economic theory. It puts emphasis on minimal government involvement in the economy, unless the governement is trying to protect individuals’ inalienable rights. In the letter, the government is involved only to protect the privacy of individuals affected by the breach, as information leaked includes first and last names, addresses, phone numbers and credit/debit cards.
One social science theory that is relevant to the sample data breach letter is social contract theory. Social contract theory explores the relationship between individuals and the state, emphasizing the idea of mutual agreement for the benefit of all. There is a clear social contract between customers and the company operating glass washer parts. Customers trust the company with their personal information in exchange for the convenience of online transactions. The breach can be seen as a violation of this mutual agreement between customers and the business. Another social science theory related to the sample data breach letter is trust theory. It examines the dynamics of trust in both interpersonal and institutional relationships. The breach letter is tied to trust dynamics because customers trust the business to secure their personal information during online transactions. The breach undermines trust, and the company’s response to the breach makes efforts to restore trust.Â