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The process of developing a business involves finding new opportunities, maintaining and establishing relationships with clients, creating strategic partnerships, and developing strategies that boost profits. It impacts every department within a company from human resource to marketing. This field is challenging because it requires constant vigilance to protect against https://pebblefuturefest.com/advantages-of-horizontal-integration/ cyberattacks that may affect systems, or even destroy them and compromise data of businesses and organisations.

In the past decade cyberattacks have become more sophisticated as hackers attack more digital assets. Particularly, the frequency of attacks increased as bad actors focused on monetization and profit. In response, cybersecurity has come to the top of many companies’ priorities. Implementing efficient security tools is crucial for the success of your business due to the danger of losing customers or lawsuits, as well as fines from the regulatory system.

However, the expense of implementing cybersecurity technology can be prohibitive for SMEs who are operating with budgetary constraints. This study aims to identify the internal and external factors that impact SMEs adopting cybersecurity technologies. A systematic review of the literature was performed, using Google Scholar and databases like EBSCO and ProQuest to find relevant research papers. To find relevant studies, key terms such as cybersecurity and data breaches were searched for.

This study suggests that the characteristics of technology and perceived value are the main factors that influence the adoption of cybersecurity technology within SMEs. Additionally, IT modularity, observability, and trialability are all positively associated with the use of cybersecurity technologies in SMEs.