Cybersecurity strategy: future proof cybersecurity for small to medium enterprises in South Africa

Audecious Mugwagwa, Ernest Bhero and Colin Chibaya
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Audecious Mugwagwa: University of Kwazulu Natal
Ernest Bhero: University of KwaZulu-Natal, Durban, South Africa
Colin Chibaya: Sol Plaatje University, Kimberley, South Africa

International Journal of Research in Business and Social Science (2147-4478), 2024, vol. 13, issue 4, 15-24

Abstract: Technological development has witnessed tremendous and an increase in business interactions as they execute their daily business. Information technology and broadband are significant drivers of productivity and efficiency growth for small firms as they expand their market. This development has raised growing concerns as it relates to data and information security, infrastructure, and related resources due to an increase in cybersecurity hazards faced by Small to Medium Enterprises globally. In South Africa, although, during the first four months of 2022, cyber-attacks decreased by 13% to account for 419506 internet attacks, this statistic remains high enough for concern. To counter escalating cybersecurity risks, organizations must have a cybersecurity strategy to safeguard their operations, clients, data, and infrastructure. The threat landscape is changing over time, and despite ongoing attempts to strengthen security, they don't appear to be enough to prevent evolving cyberattacks. The study aims to identify cybersecurity threats facing Small to Medium Enterprises in South Africa by reviewing the literature and identifying key Cybersecurity challenges. It also examines the strategies, resources, and techniques used in South Africa to reduce cybersecurity threats. Lastly, the paper recommends adopting a comprehensive Cybersecurity strategy to build future-proof cybersecurity for Small to Medium Enterprises in South Africa. Key Words:Cybersecurity, Cybersecurity risks, Cybersecurity threats, Cybersecurity Strategy, Future-proof Cybersecurity

Date: 2024
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