data ethics: maintaining integrity in information handling
Cybersecurity is an essential aspect of any business. Business leaders should use these systems with caution and in a proactive manner, as they are susceptible to being targeted by cyberattacks. Business development involves identifying and implementing new opportunities, creating and maintaining relationships with customers, forming strategic alliances, and coming up with strategies to increase profits. It is a major concern for every department within a business from human resources to marketing.
To answer the question of how a company’s cyber security adoption affects its performance we looked at the impact of various organizational, technological and environmental factors on an organization’s intention to adopt these technologies. We used the TOE framework to study the impact of these factors on the willingness of organizations and their capacity to adopt cybersecurity technologies.
The TOE framework has four components: (1) perceived usefulness, (2) perceived ease of use and (3) the ability to observe. We found that these three variables have influenced the intentions of companies to adopt cybersecurity technologies, as well as their performance. Additionally, competition pressure and vendor support played a role in the companies’ willingness to adopt these technologies.
Cyberattacks are more frequent than ever, and can cause significant damage to the company’s reputation, financial standing, and operational capabilities. The latest cybersecurity technology is capable of helping businesses avoid being harmed and improve financial performance. It’s time to change in perspective, moving from viewing cybersecurity as a cost-effective defensive expense to embracing it as an essential business process that can drive growth.