Discuss the company’s response to the breach in terms of the three theories discussed in the lecture
Examine several breaches of personally identifiable information that occurred a few years ago.
Find an example of one that has occured and report on the following:
- Summarize the breach involving the loss of PII or credit card data and what data was stolen in a brief paragraph. When did it occur? How many records and what type were lost? How quickly did the company notify the affected individuals (this might not be revealed right away – maybe look at multiple sources)?
- Discuss the ramifications of the breach. How much did it cost, or is it estimated to cost, the company? If this is a publicly-traded company, check the stock prices at the time. Was their stock impacted?
- Discuss the company’s response to the breach in terms of the three theories discussed in the lecture (shareholder, stakeholder, and societal). Which was impacted and why?