Challenges in Cyber Security for Business

Business Research
Challenges in Cyber Security for
Business

Table of Contents
Introduction........................................................................................................... 3
Project Objective.................................................................................................... 3
Project Scope......................................................................................................... 3
Literature Review.................................................................................................. 4
Conclusion............................................................................................................. 9
References........................................................................................................... 10

Introduction
The literature review is the section which provides the secondary data details on the topic of
research. The topic of research is ‘Challenges in Cyber Security for Business’ for which
different sources have been used to gain information and data. By Cyber Security we mean
the protection of the valuable information and intellectual property of business which is in
digital form from theft and misuse. Cyber security is an issue which is increasing in the
today’s global businesses. As per the US Government, Cyber security is one of the most
critical ad serious issues which the businesses are facing these days. This challenge is faced
by almost every country these days as the technology is growing and evolving. The coming
age of Big Data, Internet of things and automation, the risk of Cyber security is increasing
(Pandey, et al., 2016).
Project Objective
The main objective of the project is to identify the causes and factors which lead to the risk of
Cyber security in the businesses. One more objective is to find out what cyber security
challenges are present in the businesses.
Project Scope
The scope of the project is wide. It is because the topic of the research is one of the most
critical issues the businesses are facing these days and there is lot to discuss on the topic. The
literature review will include various real life examples to set up a clear understanding on the
topic. The various forms of challenges and the causes of the same will be discussed by going
through various journals, articles and web sources.

Literature Review
AS the globalisation is evolving, majority of risks to business are seen due to technology.
Cyber security has become a major challenge for the businesses and is growing at an
alarming rate. There are different types of cyber threats like malicious attacks, attacks on
networks and network abuse (Choo, 2011).
Cyber security can be termed as the techniques used for the protection of businesses and
computer systems from the unauthorised access and other cyber threats. As the cyber threats
are increasing, the companies should adopt the approaches which help them in fighting with
the complexity of the threats. Cyber security is a big issue because it has dramatically
strengthened itself in past few years (Hutchings, 2012). According to Kaplan, Sharma &
Weinberg (2011) 46 per cent of the population of world is connected to internet which
increases the chances of threats and cybercrime. Cyber security is a bigger issue now and it
has been proved by conducting research on 25 global companies and the results shows so.
The research found four common trends which includes that the digital data has become more
widespread. It is also found that the corporations are now more open as compared to before.
It also shows that the supply chains now are interconnected and that is how the attacks on
technology are increasing.
While technology is helping businesses to bring innovations in business, it is also creating so
many threats for the businesses. The cyber security in business faces many risks in present
business environment which are explained below:
Ransomware
It is the latest risk which prevents the users from accessing the significant information on
their systems until they make a payment to the cyber criminals. The criminals tried to make
more money once they were able to attack a user.
The Internet of Things (IOT)
The cyber criminals could make an access to the sensitive information contained by the user
in their systems and this is a major privacy threat to the users. As per McAfee Labs 2017