The business development process includes the identification of new opportunities, sustaining and building relationships with customers, creating strategic partnerships, and establishing strategies to boost profits. It affects virtually every department in a firm, from marketing to human resources. This field is particularly difficult because it requires vigilance against cyberattacks, which could cause disruption or even destroy systems and compromise the data of businesses and organisations.
In the past 10 years the cyber-attacks have become more sophisticated as hackers are targeting more digital assets. Particularly, the frequency of attacks grew as criminals focused on profit and monetization. This is why cybersecurity has vaulted up the priority list of numerous companies. The risk of losing the trust of customers, lawsuits and fines from regulatory authorities has made the use of efficient security tools essential to the overall success of companies.
However, the expense of implementing cybersecurity technology can be prohibitive for SMEs that operate within strict financial constraints. This study aims at identifying the internal and external factors that affect SMEs using cybersecurity technologies. To identify relevant papers, a systematic literature review was conducted using Google Scholar, databases such as EBSCO, ProQuest and EBSCO, and databases like EBSCO. Key words like cybersecurity data breaches, threat modeling, risk assessment, TOE framework, and organizational performance were used in the search for studies.
This virtual data rooms in business operational streamlining strategies study suggests that the characteristics of technology and perceived usefulness are the primary factors driving the adoption of cybersecurity technology within SMEs. Furthermore, IT modularity and observability are positively correlated with the adoption of cybersecurity technologies in SMEs.