Business Report: Challenges in Cybersecurity and Solutions

This report delves into the multifaceted challenges of cybersecurity within the business context. It begins by defining cybersecurity and its importance in protecting networks, computers, data, and programs from unauthorized attacks, highlighting its role as IT security or computer security. The research identifies the increasing prevalence of cyber-crimes, emphasizing the risks associated with employee negligence and the need for robust cybersecurity measures. The report's objective is to identify, understand, and evaluate these challenges, drawing on existing research to analyze the impact of cybersecurity on businesses. The literature review explores various aspects of cybersecurity, including the scope of information technology, the risks influencing businesses, and the increasing cyber threats. It discusses different types of cyber-attacks, such as cyber terrorism, cyber theft, and malware, and their financial and non-financial impacts on businesses. The report also examines existing methods to prevent cyber-attacks, such as intrusion detection systems, vulnerability scanners, and firewalls, while also pointing out the limitations of signature-based security. The research questions focus on the impact of cybersecurity on different types of businesses and the characteristics that affect cybersecurity systems. The methodology involves a descriptive approach, using qualitative and quantitative research methods, with data collected from 20 selected companies in Australia through snowball sampling. The report acknowledges limitations, such as the small sample size and the need for primary research to provide a more comprehensive understanding. The report concludes by emphasizing the importance of cybersecurity in protecting confidential business information and mitigating the negative impacts of cyber-attacks.

Running Head: CHALLENGES IN CYBERSECURITY IN BUSINESS
Challenges in Cybersecurity in Business
Name of the Student
Name of the University
Author Note

1CHALLENGES IN CYBERSECURITY IN BUSINESS
Table of Contents
1.0 Introduction................................................................................................................................2
1.1 Research Objective................................................................................................................2
1.2 Scope of the Research............................................................................................................3
2.0 Literature Review......................................................................................................................3
3.0 Research Questions....................................................................................................................6
4.0 Research Methodology..............................................................................................................6
4.1 Research Design....................................................................................................................6
4.2 Sampling................................................................................................................................7
4.3 Data Collection Process.............................................................................................................7
4.4 Reliability and Validity..........................................................................................................7
4.5 Time Schedule.......................................................................................................................8
5.0 Limitations of the Research.......................................................................................................8
6.0 Conclusion.................................................................................................................................8
References......................................................................................................................................10

2CHALLENGES IN CYBERSECURITY IN BUSINESS
1.0 Introduction
Cybersecurity is mainly the application of technology in order to secure the networks,
computers, data and programs from attacks that are not authorized, also known as cyber-attacks.
As this type of security mainly provides security for the computers, this is also known as IT
security or computer security. Protection of information, software and hardware of a computer
system from any kinds of damage, misuse or theft is mainly the work of cybersecurity. In today’s
world, one of the most common crimes is cyber-crime. There is a general thinking between
people that securing the data and computers secure might prevent cyber-crimes, but there are
other sources with which cyber-crimes are conducted, especially in workplaces. Keeping emails
and browsers open and unattended for a long time is also an opportunity for the cyber criminals
to hack all data. Just like this, there are a lot other factors which the employees of an
organization are unaware of and due to these unintentional mistakes, huge problems are faced by
the companies at times. Thus, there is a gradual increase in the use of cyber security in different
business sectors. The information stored by a company is highly confidential and if it goes into
the hand of any unauthorized personnel, the information can be misused. Thus, cyber security is
extremely important. Different types of cyber challenges that are faced by the businesses and the
possible remedies that can be applied to combat them are discussed in this research paper.
1.1 Research Objective
The main aim of this research is identify the challenges in cyber security faced by the
businesses, understand the challenges and evaluate them. A lot of previous researches have been
conducted on this topic and based on these researches the concept of cyber security in the
business will be understood and discussed in this report. The most important aspects that are
associated with cyber security has been attempted to be identified and evaluated in this research

3CHALLENGES IN CYBERSECURITY IN BUSINESS
paper. The two most important questions that will be able to solve the problem that is the
intention of this paper are given as follows. These questions are important to solve the challenges
faced by cybersecurity in business.
 What are the factors that are important in influencing the cyber security systems in
different businesses?
 What can be the possible approaches that can be used to prevent cyber attacks to the
business organizations.
1.2 Scope of the Research
There are multiple dimensions in cyber challenges from the perspective of the different
types businesses. This research will put a light towards these different aspects and dimensions.
Different research work will provide a deeper understanding of the concept of cyber challenges
and securities. The data for this research will be collected from various research papers,
websites, books, etc. The literature review will provide a clear understanding of the different
aspects of cyber challenges faced by different business sectors and might be able to provide
satisfactory answers to the research questions that are related to this research on challenges faced
with cyber security. Thus, the scope of this project is to understand the major risks related to
cyber security and the methods with the help of which these risks and threats can be prevented.
2.0 Literature Review
Cybersecurity is mainly providing security to any personal computers or devices with
internet access to protect data, software, hardware etc. According to Da Veiga (2016),
Information technology has a huge scope. It has a lot of other functionalities other than securing
information, software and personal data. The study also states different types of risks that

4CHALLENGES IN CYBERSECURITY IN BUSINESS
influence the businesses of different organizations and are also related to cybersecurity (Raiyn
2014). Hence from here, cyber security can also be called as business security as it also protects
business information. Cybersecurity provides protection to different business resources by
transforming data securely to IT security which in turn is transformed to information security
(Razzaq et al. 2013).
From another study conducted by Von Solms (2015), it has been observed that in modern
days, people are always online and this has been a platform of collecting, sharing and storing
information of various different types of sectors. Thus, there is a wide use of this cyber
civilization in the modern day (Farraj, Hammad and Kundur 2017). Transactions of banks,
businesses, shopping and various other types of financial as well as non- financial activities are
performed online, thus providing an opportunity to the cyber criminals to commit crimes
(Herrera, Ron and Rabadão 2017). Thus, cyber threats are also increasing each day and due to
these problems, the businesses cannot access their necessities that freely and thus, the
performances of the businesses are affected. Security is provided to these cyber crimes which is
not sufficient (Zhang 2017). The cyber criminals are constantly looking for loopholes in the
security and thus affect the business performances (Roychoudhury and Liu 2017).
The webpages or websites must be perfectly designed. Any fault in the designs would
provide an opportunity to the cyber criminals and thus can be considered as a loophole to the
security (Chazan 2017). There are a lot of other forms of cyber attacks such as cyber terrorism,
logic bombs, salami attack, service denial, cyber theft, high jacking over Wi-Fi, cyber
trespassing, spam, cyber vandalism, stealing credit card information, piracy of softwares, etc. All
these attacks play a very important role in affecting the performance of businesses and the
business organizations as well (Schweer and Sahl 2017). With the help of cyber attacks, all the

5CHALLENGES IN CYBERSECURITY IN BUSINESS
necessary and confidential business information can be accessed by any unauthorised personnel
and can be misused. This is likely to affect the business of the firm both financially and non-
financially (Gibbs 2017).
When there are crimes, there must be remedies also to stop those crimes. Thus, a lot of
methods have been adopted by the companies to prevent these attacks (Kreps and Das, 2017).
The systems of detecting and preventing intrusions, vulnerability scanners can be effective
methods to prevent cyber crimes. There are a lot of existing vulnerability scanners such as wapiti
wapiti, acunetix WVS, Gamascan's web application scanner and websecurif (Biancotti 2017).
The firewall that is used in web applications is also responsible for protection of data from cyber
attacks. The most widely used secured firewall are imperva's secure sphere, breach security web
defend, Barracuda and Mod security network application gateways. By modifying the syntactic
representation of the signature, the cyberspace can be attacked by a hacker (Hu et al. 2017).
Nowadays, use of cyberspace is extremely important for the businesses to flourish and
important information is also shared through the web. The challenges faced for cybersecurity has
a negative impact on the efficiency, productivity and security of the business organizations (Fu et
al. 2017). Thus, certain modifications have to be made to the existing methods of cybersecurity.
Most of the securities implemented presently are based on signatures which is easily accessible
by the hackers. A semantic solution is required to be implemented to the existing solutions
(Sturm et al. 2017). With the help of this, the problem can be solved by evaluating the degree of
harm that can be done to the organization.
The challenges faced by cybersecurity can result as a matter of national security as
cybersecurity is the centre of securities that are provided to the computer networks and
information (Musleh et al. 2017). There is significant increase in the cyber attacks each day and

6CHALLENGES IN CYBERSECURITY IN BUSINESS
this is affecting the business organizations to a huge extent. If the reasons or the loopholes of the
security can be identified, then people can be more aware and conscious about why the threats
are received and hence can stop themselves from making those mistakes (Turgeman et al. 2017).
This will help the business organizations in protecting information that are confidential to the
organizations from going into the wrong hands.
3.0 Research Questions
From the discussed literature, the following research questions can be framed:
 Does cyber security affect different types of businesses?
Null Hypothesis (H01): Business organizations are not affected with and without cyber
security
Alternate Hypothesis (HA1): Business organizations are significantly affected with cyber
security.
 Are there any characteristics that affect cybersecurity system on different businesses?
Null Hypothesis (H02): There are no characteristics that affect cybersecurity system on
different businesses
Alternate Hypothesis (HA2): There are significant characteristics that affect
cybersecurity system on different businesses
4.0 Research Methodology
4.1 Research Design
The objectives of this research are studied using qualitative as well as quantitative
approach of research. A descriptive approach will be pursued in this research to obtain
significant results. Analysis of the problems faced by different institutions regarding the issue of

7CHALLENGES IN CYBERSECURITY IN BUSINESS
cyber security will be undertaken for the purpose of the research. The information obtained from
the companies will be considered as data which are reliable and thus the results obtained will be
appropriate.
4.2 Sampling
To obtain a valid result, it is important to apply sampling techniques. There are a lot of
companies that are using cyber security measures. It is not possible to obtain necessary
information from each of the organizations and study that. Thus, sampling plays an important
part. Thus, information about cybersecurity and the challenges faced by the companies on this
issue will be studied over 20 selected companies from Australia. A review of the selected
companies will be conducted and analysis will be done on the basis of the reviews. The main
focus of the research will be on the challenges faced by these companies with cybersecurity.
4.3 Data Collection Process
Secondary data has been collected for this study, to run the analysis and obtain significant
results. Sampling has been conducted as it is not possible to study each and every company and
analyse their challenges. Thus, the sampling technique used for this research is snowball
sampling. For this type of sampling technique, extensive and in-depth research has been
conducted so that the results obtained from the research will be reliable and valid.
4.4 Reliability and Validity
It is important to collect the information from a reliable or trustworthy source. Otherwise
the data collected will not provide an appropriate result. Moreover, to obtain appropriate results,
it is very important that the data collected is valid. Thus, it is important to check the reliability
and validity of the information. For that, the data must be obtained from a reliable source.

8CHALLENGES IN CYBERSECURITY IN BUSINESS
4.5 Time Schedule
Task Details Start date End date Days involved
Selection of topic and search for justification 7/30/2017 8/30/2017 31
Constructing literature 8/31/2017 9/30/2017 30
Selecting appropriate methods 10/1/2017 10/17/2017 16
Data collection 10/18/2017 11/2/2017 15
Data analysis and representation 11/3/2017 12/3/2017 30
Reviewing the outcomes 12/4/2017 3/5/2018 91
Conclusions and recommendations 3/6/2018 4/6/2018 31
Submitting draft of the project 4/7/2018 4/14/2018 7
Printing and final submission 4/15/2018 5/15/2018 30
5.0 Limitations of the Research
In this research, the sample size of considered companies taken is 20, which is a
considerably small number. Thus, this number of sample must not be sufficient to conclude
about all the challenges faced by all the companies as there are a considerably large number of
companies all around. Lakhs of organizations are nowadays facing the cyber security challenges
and 20 companies might not be sufficient in inferring for all the companies. Moreover, to make a
further clearer understanding, a primary research study can be conducted by preparing a
questionnaire and asking the employees from different organizations about the challenges faced
by their organizations in different company sectors. This will provide a much clearer
understanding of the topic.
6.0 Conclusion
One of the major issues faced by the different business organizations is cyber security.
Presently, all the business organizations are highly dependent on the internet for increasing the
productivity of the company as well as the efficiency of the different activities of the businesses.
The business organizations are affected both financially and non-financially with cyber attacks.

9CHALLENGES IN CYBERSECURITY IN BUSINESS
Important and confidential information about the companies can be hacked buy the cyber
attackers and this will in turn affect the efficiency and performances of different businesses.
Thus, it is important for the organizations to identify the challenges and remedy them to prevent
the information from going into the hands of the unauthorized personnel. The existing security
methods needs some modification. Thus, it is the most important work for the business
organizations to identify the challenges and find a better method of protection of data for the
business.

10CHALLENGES IN CYBERSECURITY IN BUSINESS
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