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The business benefits of cyber security for SMEs

Guy Lloyd

2020Computer Fraud & Security40 citationsDOI

Abstract

Cyber security is often discussed in terms of data breaches, regulatory fines and business disruption. The advantages are seldom highlighted. For example, effective cyber security makes it possible for companies to innovate and this drives revenue, profit and growth. Defending against cybercrime can deliver genuine benefits for small and medium-size enterprises (SMEs) and result in more valuable organisations. Cyber security is often discussed in terms of data breaches, regulatory fines and business disruption. However, the advantages are seldom highlighted. Effective cyber security makes it possible for companies to innovate and this drives revenue, profit and growth. Defending against cybercrime can deliver genuine benefits for small and medium-size enterprises. And as organisations of all sizes move towards driving efficiency through digitising processes, it's important for business leaders to redefine how they think about security, argues Guy Lloyd of CySure.

Topics & Concepts

CybercrimeBusinessRevenueProfit (economics)Computer securitySmall and medium-sized enterprisesCommerceIndustrial organizationThe InternetFinanceComputer scienceEconomicsMicroeconomicsWorld Wide WebCybercrime and Law Enforcement Studies
The business benefits of cyber security for SMEs | Litcius