Cybersecurity Challenges in Business: A Research Project

HI6008
Assignment -2
Cybersecurity challenges in business
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Table of Contents
Introduction......................................................................................................................................3
Project objective..............................................................................................................................4
Project Scope...................................................................................................................................5
Literature review:.............................................................................................................................6
Research questions and Hypothesis:................................................................................................9
Primary questions:.......................................................................................................................9
Secondary questions:...................................................................................................................9
Research Design............................................................................................................................10
Research methodology...................................................................................................................11
Qualitative Approach.................................................................................................................11
Quantitative Approach...............................................................................................................11
Questionnaire.................................................................................................................................13
Research Limitations.....................................................................................................................17
Time Schedule (Research Plan):....................................................................................................18
Conclusion.....................................................................................................................................20
References......................................................................................................................................21
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Introduction
This report introduces to the topic of cybersecurity. In the modern world, cybersecurity is
essential for the successful survival of the business. There are various challenges which are
faced by the business. Cybersecurity is the main challenge in front of the business manager. This
report also shows the objective and scope of the project. Further, this report highlights the
research methodology, timescale, Gantt chart and various other research topics. The most
important challenge in front of the business is with regard to the security of the information. The
entire project is discussed and described in a systematic way.
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Project objective
The main objective of this research project is specified underneath:
 To explain the concept of cybersecurity
 To recognize the challenges which are faced by small and large businesses in ensuring
cybersecurity
 To evaluate the advantages of cybersecurity in both small and large business
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Project Scope
The scope of this project is wide as cybersecurity in itself is a wide term. In the current business
environment, the need for cybersecurity is rising. Today the Internet is one of the fastest budding
infrastructures in business life. Due to these developing technologies, the business entities are
not able to easily safeguard the private information of their clients in a very efficient and
effective way and hence these days the number of cyber crimes is increasing. There is a need for
the business to recognize the cyber challenges.
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Literature review: Cyber Security Challenges in Business Entities.
According to Gomes, et. al. (2017), Security and Privacy of data will permanently be the best
security measures which any business takes care. In the present world, all the data is sustained in
a cyber or a digital form. Cybercrime is a word for any unlawful activity which utilizes a
computer as its chief means of theft and commission.Cybersecurity is essential for the survival of
the business. Cybersecurity helps in marinating the privacy and security of the client’s
information (Gomes, et. al., 2017).
According to Goel and Jindal (2017), a report by Verizon Data Breach Investigation shows that
61% of hackers hit smaller businesses in 2017 compared to 2016 which was at 53%. Small and
medium enterprises universally known as SMEs are a prime target of cyber-attacks regardless of
them being small as compared to the large enterprises. They SMEs mostly utilize cloud storage
as it assists them to pile their information and is very suitable for them. Cloud storing lets the
information easily available to the companies even on the move and can also act as a backup for
information. The growing angle of cybercrimes consists of crimes which have been made
conceivable by computers, like the distribution of computer viruses and network intrusions, as
well as computer-based deviations of current offenses, like identity terrorism, bullying, theft, and
stalking which have turn out to be an as most important problem to nations and people. In the
common man’s language, cyber-crime can be described as the crime committed by utilizing the
internet and a computer to steal an individual’s identity or trade stalk victims or contraband or
disturb processes with malicious programs (Goel and Jindal, 2017). In the current worlds,
technology is playing the main role in an individual’s life. The cybercrimes will also intensify
along with the technological improvements.
According to Fu, et. al. (2017), Currently more than 60 out of a hundred of total marketable
dealings are done online, so this arena prerequisite a great quality of safety for best and
transparent and transactions. Hence, cybersecurity has to turn out to be one of the latest issues.
The range of cybersecurity is not just restricted to safeguarding the data in Information
Technology industry but also to numerous other areas like cyberspace etc. Even the modern
technologies like net banking, mobile computing, cloud computing, E-commerce etc. also
requires a high level of safety. As these technologies hold lots of significant information on the
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