Challenges in Cyber security for Business | HI6008

Added on - Mar 2020

Cyber security can also be defined as information technology security. Many secondary sources will be used to discuss the challenges of cyber security for businesses in this document. Analyzing the views of various authors will be used to discuss them. The paper also discusses the project's scope and objectives.

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RUNNING HEAD: Challenges in Cyber security for BusinessBusinessResearchChallenges inCyberSecurity forBusiness
Challenges in Cyber Security for Business1Table of ContentsIntroduction...........................................................................................................................................2Project Scope.........................................................................................................................................2Project objective....................................................................................................................................2Literature Review..................................................................................................................................2Conclusion.............................................................................................................................................7References.............................................................................................................................................8
Challenges in Cyber Security for Business2IntroductionCyber security has become one of the major challenges for the businesses in the present yearsand this is due to the rapid technological development at a global level. The cyber threats aregrowing at an alarming rate because of increased use of computers, internet, mobiles andother devices. There are different types of cyber threats like malicious attacks, viruses,network attacks, etc. and to fight these attacks, there are various cyber tools which developthe security mechanism and help in overcoming the cyber threats (Clemente, 2013).In thisLiterature review the challenges in Cyber security for business will be discussed by goingthrough many secondary sources. The views of different authors will be discussed byanalysing them.Project ScopeThe scope of the project is wide as Cyber security is a buzzword nowadays which is to beadopted by every business to protect their privacy and security of their data and information.This project will focus on the types of threats and challenges which has to be taken care bycyber security measures adopted by the businesses.Project objectiveThe main objective of the project is to focus on the challenges in present environment ofbusiness which the companies face in maintaini9ng cyber security for the purpose of securingthe data and information of the business which should be confidential.Literature ReviewCyber security can be understood as the measures, practices and technologies which areadopted to protect the networks, data, information and systems of the business from attacksand damages from unauthorised access. It can also be understood as the security ofinformation technology.According to Kaplan, Sharma & Weinberg (2011) Computer technology is very beneficial forthe growth and development of the businesses today but they are also affecting the security of
Challenges in Cyber Security for Business3the business data with cybercrime. That is why, Cyber security is important for the businessbut there are some challenges in Cyber security which have to be met to increase theeffectiveness of the same. These challenges may includes the more access and use oftechnology, lack of funding, lack of knowledge about the cybercrime and cyber security,pervasive digital data, interconnections of supply chains and ignorance of the effects ofcybercrime by the businesses.As per Lord (2017), Cyber security is a big business issue because of the abundant use oftechnology in the businesses these days. The cyber criminals collect data from differentsources and try to breach the privacy of the business. The businesses irrespective of their sizeare becoming the prey of the cyber-attacks which ultimately harms the business. Thegovernment of USA has considered cyber security as the most critical issue in the currenttimes. Cyber security needs much more engagement from the top, middle and lowermanagement of employees to secure their data on an individual level. Cyber security needs tobe reformed and checked time to time to keep it updated and to face the challenges in a muchbetter way than ever before. Some of the other challenges of cyber security to businessinclude network security, application security, data security, security infrastructure, cloudsecurity, mobile security, education and awareness in users.In the opinion of Babate, et. al. (2015), the increase in the growth of internet is one of themain challenges to the cyber security in 21stcentury. Then, the emergence of smartphones,laptops and other digital devices enhanced the threat. Some of the emerging challenges andthreats in cyber security to business are explained as below:PhishingPhishing is a threat which is due to internet and here the client’s credentials are gathered byusing deception technique. It is a fraud done through internet in which the client’s passwords,account details, card details are taken and used for wrong purposes. In July 2011, a personwas sentenced to jail for 12 years for stealing the information of more than 38 thousandpeople (Foreshew, 2017).Botnet

It can be concluded that in today's scenario, when cyber security challenges are prevalent, much work must be done to address these challenges. The Australian government must reshape and strengthen strategies to meet the challenges of cyber security. The country must pay greater attention to including courses in universities that educate young talents about cyber security and related subjects.

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