The assignment discusses the concept of cyber prognosis and its relevance to virtue ethics in cyberspace. It highlights the importance of teaching digital wisdom to internet users to prevent wrong behaviors, such as stalking and hacking, which can lead to serious consequences like Mr. Tabalbag's murder conviction. The contract theory is also discussed, explaining how individuals have an implicit social contract with their country, obliging them to abide by moral and legal issues. The assignment concludes that cybercrime and privacy infringement not only affect online societies but also impact day-to-day lives, emphasizing the need for continuous review of legislation to address these vices.