Italian firms' cybersecurity – risk perception and mitigation strategies

Lorenzo Bencivelli and Matteo Mongardini ()
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Matteo Mongardini: Bank of Italy

No 852, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The study assesses the level of awareness among businesses regarding cyber risks and their ability to adopt mitigation strategies based on evidence collected from the 2016 and 2022 editions of the Survey on Industrial and Service Firms conducted by the Bank of Italy. Nearly 90 percent of businesses are aware of the possibility of becoming the target of a cyber-attack, although this awareness does not always correspond to an adequate financial commitment to address the risks. Companies that have been previously targeted by an attack demonstrate a greater risk perception, which is associated with higher spending on prevention measures. Smaller businesses and those located in the southern regions of Italy appear to be less aware of cyber risks.

Keywords: Italian firms; cyber-security; risk perception (search for similar items in EconPapers)
JEL-codes: C83 F50 L60 L80 M15 O33 (search for similar items in EconPapers)
Date: 2024-06
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_852_24

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