Publication

What do we know about cyber security in small firms?

Published: 17 September 2024

ERC SOTA review No 63

Associated Themes

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  Innovation
• 
  Management and Leadership

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Digitalisation – the application of digital technologies and infrastructures – is associated with higher productivity, value added and employment. However, with digitalisation comes a reliance on cyberspace that has brought about new digital threats and risks for firms. Cyberspace has transformed the crime environment for businesses, with some 50 per cent of businesses experiencing a cyber security breach or attack during 2023. Here, in this review, we highlight factors that the literature suggests are related to cyber security breach and attack in firms. In addition, we examine what the literature suggests about the cyber security challenges faced by firms, particularly smaller firms.

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