Cybersecurity is an essential aspect of any business. However, business leaders must implement these systems proactively and with caution, since they could be targeted by cyberattacks. Business development includes identifying new opportunities, establishing and maintaining relationships with customers, creating strategic partnerships, and developing strategies to boost 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 influences its performance, we looked at the impact of various organizational, technological, and environmental factors on the organization’s intention to adopt these technologies. Specifically, we used the TOE framework (Turner, Odeberg, and Egan 2002; TOE) to investigate the effect of these variables on organizations’ decision to adopt cybersecurity technology.
The TOE framework is composed of four parts: (1) perceived utility, (2) perceived ease-of-use, and (3) the ability to observe. These three variables influenced companies’ intentions to adopt cybersecurity tools as well as their performance. Additionally, competitive pressure and assistance from vendors also had an impact on the willingness of companies to adopt these technology.
Cyberattacks are more frequent than ever https://pebblefuturefest.com/secure-viewer-and-watermarking-protect-your-sensitive-documents/ before and can cause severe damage to a company’s reputation, financial standing, and operational capabilities. The most advanced cybersecurity tools are able to help businesses avoid being harmed and improve financial performance. It’s time for a change in mindset, from seeing cybersecurity as a costly security expense to embracing it as a crucial business function driving growth.