A Research Report on Cyber Security Challenges in Modern Business

This report provides a comprehensive overview of the challenges of cyber security in a business context. It begins with an introduction highlighting the increasing prevalence of cyber crime and the importance of cyber security for businesses. The report then outlines the project's objectives, which include identifying cyber security challenges. A literature review examines social networking platforms, cyber attacks, and the economic impact of cyber crime. The research questions focus on the effects of cyber security challenges, sources of threats, and requirements for prevention. The methodology section describes the research design, including quantitative and qualitative approaches, data collection methods, and sampling techniques. The report also addresses ethical considerations and limitations. A detailed time schedule outlines the various research activities. The conclusion emphasizes the need for increased awareness of cyber security challenges and the importance of proactive measures to protect businesses from cyber attacks. The report concludes with a list of references.

Running head: Research on cyber security 1
Business research
Disadvantages of cyber security for businesses

Research on cyber security 2
Introduction
Cyber security is essential for business because the range of crime has been increased. It
becomes as known issue in now a days in the business. Technology has become advanced and
the issue of cyber security is faced by almost every country. It is the research proposal which will
focus on research design and methodology. Literature review in this research proposal will
describe the scope of cyber security along with the challenged of cyber security in the business.
The risk of cyber security attack depends on three factors such as threats, vulnerabilities and
impacts. Good cyber security is essential for the management because it able to prevent
undesired surveillance of and collecting of intelligence from an information system.

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Project objective
The aim of this research is to recognize the challenges of cyber security in the business.
There are many companies that faced issue regarding cyber security. The main objective of this
research to find out the issues related to cyber security.

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Project scope
Cyber security is wider and it is required for the business to safe and protects the relevant
information regarding employees and clients. Thus, the scope of this project is huge; the topic of
this research proposal is one of the challenging issues in today’s world. Literature review will
reflect the various aspects of cyber security which is necessary for protecting the data. Primary
and secondary issues will be used to accomplish the research.

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Literature review
Social networking platforms have changed the way of people and it become easy for the
people to interact each other in an efficient manner. It is not made for initiating the connections,
but has handled to sustain the progressing interconnected by engaging people in various interest
of their choice. Facebook has mort ha 1 billion users and more than 1 billion tweet made every
week. It has been evaluated that The Arab Spring, Occupy Wall Street and Jasmine Revolution
have epitomized that the growing community of thousands of people can mobilized for a reason
by social media. On the contrary, London riots were supposedly fuelled due to social media
(Wells, Camelio, Williams and White, 2014).
Figure 1: Cyber Security
Source: (Streeter, 2013).
Cyber security is a complex issue and cyber attackers can derange infrastructures such as
control over the financial and air traffic and create influence with matching the terrorist attack in
the physical space. Cyber attackers are able to steal the information of corporate such as personal
information of the employee and the clients of the company, intellectual property and financial

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activity records (Taylor, Fritsch and Liederbach, 2014). Cyber attacks have become more
economical. Cyber security challenges has become more complex issue that cuts across various
domains and demands for multi layer initiatives. It has been evaluated that damage by cyber
attackers to the corporate world cannot be recognized instantly and even in some case, may even
move unobserved. In case cyber attack is progressively defended, it would be able to cover the
tracks and ascription of a cyber attack would become very difficult to recognize in some
scenarios. It has been analyzed by researching on topic that there are no international and
government laws to get help in tracing cyber attacks. It makes more difficulty for the business to
fight against the cyber warfare (Reddy and Reddy, 2014). It is the responsibility of the business
to make policies and procedures and establish the IT team so that possible prevention can be
done in the business regarding cyber crime.
It has been found that cyber crime is most challenging issue in preset world and it is
proved by research which has been conducted on 25 global companies. It was the research that
found that the digital data has become mpre wider. Technology has become advanced in the
world but the innovation in technology brings so many threats for the business. There are various
cyber security risks such as Ransomware, the internet of things (IOT), Malware, social
engineering and fake advertisements and feedbacks. Ransomware is considered as the latest risk
which is able to access the financial information of the user and make the payment to the cyber
criminals. The IOT is able to access the sensitive information of the user in their system. Social
engineering includes maneuvering the person to disclose their relevant data along with
information by using the technique of phishing (Wang and Lu, 2013). By publishing the fake
advertisement the internet, enhance the cyber crime in the business.

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Figure 2: Data breaches in 2015
Source: (Zahavi, 2015).
Cyber attack has faced by many companies in all over the world, however, the possible
step against the protection of these cyber attacks, government has taken various step to meet the
issue of cyber crime. It involves the evaluating the system and security of network. Different
countries have been taken initiated step to prevent the cyber security challenges in the
organization such as China and US have made a cyber security laws (Von and Van, 2013). It has
been researched that Australia is facing the issue of cyber security as it has not efficient
knowledgeable staff of cyber security. That is why the demand of cyber security in the Australia
is at peak.
It is essential for the protection from cyber attack to establish National Structure for
Cyber Security. It would have been involved various roles and responsibilities for stakeholders
and focus on creating public private partnership model (Klahr, Shah, Sheriffs, Rossington,
Pestell, Button and Wang, 2017). It should be able to enhance the trust between the companies

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and government. To prepare procedure of cyber security management has been established and
the head of cyber security should be appointed with various responsibilities. Along with that
Cyber Command is required for preventing forces to protect the Indian Cyberspace. The Cyber
Command should be authorized with defensive and offensive cyber weapons (Elmaghraby and
Losavio, 2014).
Research questions and hypotheses
Research questions
The question related to the topic of this research has been listed below:
 What is the effect of cyber security challenges on business?
 What are the sources of cyber security threats?
 What requirements and elements should be observed by the business and government to
prevent from the cyber crime?
Hypothesis
 Cyber security is able to prevent from various cyber attacks and enhance the safety while
working.
 Lack of cyber security may lead the business in adverse situation and the personal and
official data can be corrupted by cyber criminals.

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Research design and methodology
A research methodology contains numerous methods and techniques to research and
accumulate certain requirements and information from resources and journals. There are several
methods being considered to research on the topic.
Research methods
There is various methods has been taken to execute the research but the main focus has
been kept on quantitative and qualitative research. Quantitative research is able to give
quantitative data and able to gather the information and data regarding cyber security challenges.
Qualitative data has been taken to collect the quality data from secondary sources for the selected
topic.
Research approaches
There are two approaches have been considered that is quantitative and qualitative
approaches. Qualitative approaches are being used in then research to evaluate the reasons, views
and opinion related to selected topic. Primary and secondary sources helped to analyze the data
effectively by analyzing the collected data from articles, journals, websites and research task
(Abawajy, 2014).
Data collection
Enthusiasm has been reflected while researching on the selected topic so that research
program could be initiated in efficient manner. The aim behind conducting the research is to
make aware business about the challenges of cyber crime. Primary and secondary information

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has been utilized to collect the information. The information from primary sources have been
collected from direct respondents while secondary information has been collected from the used
data such as journal, articles, websites and research sources (Reddy and Reddy, 2014).
Sample and techniques
Random sampling technique has been chosen due to huge amount of gathered data and
information regarding selected topic. It is effective technique which provides opportunity to
information to select.
Research strategy
It is important to accomplish the research within timeframe so that the possible results of
research can be come in efficient manner. An action plan has been made to analyze the various
activities of research with timing.
Target market
It is important to focus on target market and to gather the relevant information; primary
and secondary sources are being opted to set the target market. Primary resources such as
questionnaire and interview criteria has been used to gather the data while articles, journals and
other used data has been utilized in the context of secondary resources.
Selection and ethical consideration
The procedure of selection has been accomplished after analyzing the requirement of the
research. Ethics consideration defines that what is correct and incorrect while researching. Data
has been collected with fair manner.

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Limitation of the research
There are several issues has been found while executing the research which influence the
research in the form of limitations. These limitations are mentioned below:
 The required time is not enough for this research and for better evaluating random
sampling technique has been used.
 The selected topic needs depth research and due to lack of access data related to topic
could not be observed.
 The reason of limitation is lack of data but the qualitative approach has been used to
cover the information.