Business Development and Cyber Technologies

The process of developing a business involves seeking new opportunities, building and maintaining relationships with customers, creating strategic partnerships, and coming up with strategies that boost profits. It impacts virtually every department within a company from human resource to marketing. This field is especially challenging because it requires vigilance to protect against cyberattacks that can cause disruption or even destroy systems, and compromise the data of companies and organisations.

In the last decade the cyber-attacks have become more sophisticated as hackers target more digital assets. The number of attacks increased as criminals attempted to make money and monetize. In response, cybersecurity has risen to the top of many companies’ priorities. The threat of losing the trust of customers, lawsuits and fines imposed by regulators has made the implementation go right here to read about The Edge of Virtual Due Diligence Rooms of efficient security tools essential to corporate success.

The cost of implementing cybersecurity technologies may be prohibitive for SMEs who are operating with tight financial restrictions. This study aims at identifying the external and internal factors that influence SMEs in their adoption of cybersecurity technologies. A systematic review of the literature was performed, using Google Scholar and databases like EBSCO and ProQuest to find relevant studies. To identify relevant studies, key phrases such as cybersecurity and data breaches were searched for.

This study suggests that technological and perceived usefulness characteristics are the most significant factors in SMEs taking on cybersecurity technologies. Furthermore, IT modularity and observability are strongly associated with cybersecurity technology adoption in SMEs.