The business development process involves looking for new opportunities, developing and maintaining relationships with customers, creating strategic partnerships, and coming up with strategies to increase profits. It impacts every department in a firm from human resources to marketing. This field is challenging because it requires constant surveillance to avoid cyberattacks advantages of horizontal integration that could disrupt systems or even destroy them and compromise data of businesses and organisations.
The last decade has seen a steady rise in the sophistication of cyberattacks with hackers targeting ever more digital assets. The severity of attacks increased as criminals attempted to earn money and make money. This is why cybersecurity has risen up the list of priorities for many businesses. Implementing efficient security tools is crucial for the success of your business due to the danger of losing customers, lawsuits and regulatory fines.
The cost of adopting cybersecurity technology can be prohibitive for SMEs that are operating under strict financial constraints. This study seeks to identify the internal and external factors affecting SMEs in their adoption of cybersecurity technologies. To find relevant articles and research, a systematic review of the literature was conducted using Google Scholar, databases such as EBSCO, ProQuest and EBSCO and databases such as EBSCO. Key words like cybersecurity data breaches, threat modeling risk assessment, TOE framework, and organizational performance were used to locate studies.
This study indicates that technological characteristics and perceived usefulness are the main factors driving the adoption of cybersecurity technology within SMEs. Further, IT modularity, observability and trialability are all positively connected with the adoption of cybersecurity technologies in SMEs.