Cybersecurity Concerns in International Business

Cybersecurity Concerns in International Business

Joel F. Williquette (Bank of Luxemburg, USA)
DOI: 10.4018/978-1-5225-1031-4.ch004

Abstract

The topic is cybersecurity concerns in international business. The issue of cybersecurity and cybercrime is a complex one with several sources for cybercrime including activities by individual criminals, organized crime, and governments. The research question explored is, “Can companies protect themselves given the rise in cybercrime?” Research findings conclude that businesses need to increase their efforts and invest in technologies, staff, technical training, and processes and programs aimed at improving the use of risk-based assessments, defenses, intrusion and anomaly detection, and the business's ability to recover should a cybercrime take place.
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Literature Review

The literature review involved examining definitions, the US Government’s response to rising cybercrime, the players that account for the rising tide in cybercrime, the cost of cybercrime, and the solutions that exist for businesses including investing in technology, staff, and training.

Definitions

It is important to define five terms for clarity in the remainder of this chapter. The Oxford Dictionary (2015) defines “cyberthreat” as the possibility of a malicious attempt to damage or disrupt a computer network or system; “cybercrime” as being crime conducted via the Internet or some other computer network; “cyberwar” as the use of computers to disrupt the activities of an enemy country, especially the deliberate attacking of communication systems; “cybersecurity” as the state of being protected against the criminal or unauthorized use of electronic data, or the measures taken to achieve this; and “human capital” as the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

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