CyberSecurity Readiness: A Model for SMEs based on the  Socio-Technical Perspective

Perozzo, Haiat; Zaghloul, Fatema; Ravarini, Aurelio

doi:10.7250/csimq.2022-33.04

Cited by 3 publications

(3 citation statements)

References 21 publications

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“…Their model assesses SMEs' readiness to combat cyber threats, highlighting the importance of a holistic approach that considers both the technological infrastructure and the human elements within an organization. This perspective is crucial for SMEs as they navigate the complexities of the digital landscape, where the human factor often plays a significant role in vulnerabilities (Perozzo et al, 2022). Wang (2023) provides a systematic review on risk management in SMEs undergoing digital transformation, identifying key areas of concern such as technological and security risks, and organizational challenges.…”

Section: Defining the Scope: Cybersecurity Risks In The Digital Eramentioning

confidence: 99%

“…SMEs, in particular, face a daunting task in safeguarding their digital assets against an ever-evolving threat landscape. The adoption of comprehensive cybersecurity readiness models and evaluation frameworks, as proposed by Perozzo et al (2022), Wang (2023), and Khan et al (2022), offers a pathway for SMEs to enhance their resilience against cyber threats. These models emphasize the importance of a socio-technical approach that integrates technological solutions with human-centric strategies, recognizing the critical role of awareness, education, and governance in cybersecurity.…”

Section: Defining the Scope: Cybersecurity Risks In The Digital Eramentioning

confidence: 99%

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Digital transformation in SMEs: Identifying cybersecurity risks and developing effective mitigation strategies

Lucky Bamidele Benjamin,

Ayodeji Enoch Adegbola,

Prisca Amajuoyi

et al. 2024

Global J. Eng. Technol. Adv.

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This study delves into the cybersecurity landscape for small and medium-sized enterprises (SMEs), focusing on identifying prevalent cybersecurity risks, evaluating existing mitigation strategies, and exploring the role of innovation and technology in bolstering cyber resilience. Employing a systematic literature review and content analysis, the research scrutinizes academic journals, industry reports, and government publications from 2015 to 2024, to gather insights into the cybersecurity challenges and strategies pertinent to SMEs. Key findings reveal that SMEs are particularly vulnerable to a range of cyber threats, including phishing, malware, data breaches, and ransomware, primarily due to resource constraints, lack of awareness, and inadequate cybersecurity measures. Effective mitigation strategies highlighted include the adoption of comprehensive cybersecurity policies, regular employee training, and the implementation of advanced technological solutions. The study predicts an increasing reliance on artificial intelligence and machine learning for threat detection, alongside a growing trend of collaboration between SMEs and cybersecurity firms. The research underscores the necessity for supportive policies and frameworks that encourage SMEs to strengthen their cybersecurity posture, recommending financial incentives and the development of SME-specific cybersecurity standards. Building a cyber-secure culture within SMEs, characterized by organizational commitment and regular awareness programs, is identified as crucial for enhancing cyber resilience. Finally, the study emphasizes the importance of cybersecurity for SMEs, offering strategic recommendations for navigating digital threats and suggesting avenues for future research, including the exploration of behavioral aspects of cybersecurity and the impact of emerging technologies.

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Section: Defining the Scope: Cybersecurity Risks In The Digital Eramentioning

confidence: 99%

Section: Defining the Scope: Cybersecurity Risks In The Digital Eramentioning

confidence: 99%

Digital transformation in SMEs: Identifying cybersecurity risks and developing effective mitigation strategies

Lucky Bamidele Benjamin,

Ayodeji Enoch Adegbola,

Prisca Amajuoyi

et al. 2024

Global J. Eng. Technol. Adv.

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“…The challenges of budget constraints and the inability to afford cybersecurity systems hinder SMEs from establishing robust technological infrastructure. Additionally, the lack of necessary skills and resources further constrains SMEs in facing cybersecurity threats (Wallang et al, 2022;Perozzo et al, 2022).…”

Section: Challenges and Risksmentioning

confidence: 99%

Accelerating SME growth in the African context: Harnessing FinTech, AI, and cybersecurity for economic prosperity

Chinwe Chinazo Okoye,

Ekene Ezinwa Nwankwo,

Favour Oluwadamilare Usman

et al. 2024

Int. J. Sci. Res. Arch.

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The economic landscape of Africa is evolving rapidly, and the role of Small and Medium Enterprises (SMEs) is increasingly recognized as a key driver of sustainable development. This review explores the potential of leveraging Financial Technology (FinTech), Artificial Intelligence (AI), and Cybersecurity to accelerate SME growth in the African context, ultimately contributing to economic prosperity. In recent years, FinTech has gained prominence for its ability to revolutionize financial services. By facilitating seamless transactions, enhancing access to capital, and streamlining financial processes, FinTech presents a significant opportunity for SMEs in Africa to overcome traditional barriers to growth. The integration of AI technologies further amplifies this potential, enabling SMEs to harness data-driven insights for informed decision-making, operational efficiency, and personalized customer experiences. However, the adoption of FinTech and AI in the African SME sector necessitates robust cybersecurity measures. As digital transformation accelerates, the risk of cyber threats becomes more pronounced. Addressing these challenges requires a strategic approach to cybersecurity, encompassing robust data protection, threat intelligence, and resilient infrastructure. This review underscores the importance of a holistic approach, wherein the synergy between FinTech, AI, and Cybersecurity becomes a catalyst for economic prosperity. Policymakers, financial institutions, and technology providers must collaborate to create an enabling environment that fosters innovation, supports digital literacy, and ensures the security of digital ecosystems. By embracing this technological trifecta, African SMEs can navigate the complexities of the modern business landscape, foster innovation, and contribute significantly to job creation and economic growth. As Africa positions itself on the global stage, the strategic utilization of FinTech, AI, and Cybersecurity emerges as a pivotal driver for unlocking the full potential of SMEs and propelling the continent toward sustained economic prosperity.

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When traditional SME managers encounter cybersecurity: Discourse analysis of opportunities and dilemmas in meeting the demands

Hoong,

Rezania,

Baker

2024

Technology in Society

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CyberSecurity Readiness: A Model for SMEs based on the Socio-Technical Perspective

Cited by 3 publications

References 21 publications

Digital transformation in SMEs: Identifying cybersecurity risks and developing effective mitigation strategies

Digital transformation in SMEs: Identifying cybersecurity risks and developing effective mitigation strategies

Accelerating SME growth in the African context: Harnessing FinTech, AI, and cybersecurity for economic prosperity

When traditional SME managers encounter cybersecurity: Discourse analysis of opportunities and dilemmas in meeting the demands

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