management

Effective cybersecurity requires balancing investment in preventive measures with potential post-breach costs, ensuring robust protection and financial stability for small businesses.

Introduction The Gordon-Loeb Model—a mathematically-driven framework that has become a cornerstone in the economics of information security. This model can be used in cybersecurity cost-benefit analysis. The model’s foundation is built on the premise that cybersecurity investments can lead to cost savings by preventing cyber breaches. However, it’s essential to weigh these benefits against the

Introduction In today’s rapidly evolving digital landscape, understanding cybersecurity risks for small businesses has never been more crucial. As we navigate 2023, small businesses find themselves at the crossroads of opportunity and vulnerability. While digital tools and platforms offer unprecedented growth potential, they also expose businesses to a myriad of cyber threats. For small business