The business development process involves finding new opportunities, maintaining and developing relationships with customers by forming strategic partnerships and creating strategies to boost profits. It affects virtually every department of a business, from marketing to human resources. This field is particularly difficult because it requires constant monitoring of cyberattacks that can cause disruption or even destroy systems and compromise the data of companies and organizations.

In the last 10 years the cyber-attacks have become more sophisticated as hackers attack more digital assets. Particularly, the scope of attacks grew because bad actors were focused https://pebblefuturefest.com/dynamic-data-defense-the-edge-of-virtual-due-diligence-rooms/ on monetization and profits. In the end, cybersecurity has vaulted up the list of priorities for many companies. Implementing efficient security tools is vital to the success of any business due to the risk of losing customers, lawsuits, and regulatory fines.

The cost of implementing cybersecurity technology may be prohibitive for SMEs who operate under tight financial restrictions. This study seeks to identify the external and internal factors affecting SMEs using cybersecurity technologies. To identify relevant papers and research, a systematic review of the literature was conducted using Google Scholar, databases such as EBSCO, ProQuest and EBSCO, and databases like EBSCO. Key terms like cybersecurity data breaches, threat modeling, risk assessment, TOE framework and organizational performance were used to locate studies.

This study suggests that the characteristics of technology and perceived usefulness are the most important factors driving the adoption of cybersecurity technology within SMEs. Furthermore, IT modularity, observability, and trialability are all positively correlated with the adoption of cybersecurity technologies in SMEs.