Introduction

The concept of cyber security is relatively new in business and since it is related to technological development where companies are now clearly see and observe the importance of protecting the data and how one can completely ignore any act based on security infringements (Bell et al., 2015). Concept of cyber security can be defined as a wrong or unethical work to gain access to the private information that an organization denies discussing with consumers.

The major significance of the topic is based on how technology continues to evolve with the different opportunities and challenges. Our aim is to provide an informative primer on the different relevant issues facing Australia. Along with this, the discussion is also to generate the discussions about the debate and then raise awareness with regards to the fundamental block of the technologically dependent society. In the current time, there are number of examples that are eye-opening and have also struck the consumers to think again and consider the decision about sharing sensitive resources of information on the internet (Von Solms et al., 2013).

The work is based on the research of how the cyber security has been proved to be the major challenge for the different organizations with the focus on the different questionnaires and the surveys from the people in Australia.

Project Objective

The focus of the project is to have a complete knowledge of what people think about the cyber security and what precautions they have taken to secure their data. The challenge of cyber security in companies like Apple, Microsoft and Google, is important to hover as many hackers try to plunge into the system of the companies through phishing, hacking etc., and try to grab the data of the system. My project objective is related to the research work that comes from evaluating the different questions about the cyber security challenges for the business. The aim is to understand the consequences of leakage of data and demands in the form of ransom.

Project Scope

To grasp various angles of the issues, it is important to refer different research paper and journals on the internet. My project demonstrates the dimensions from the business perspectives where the focus is based on achieving the deep knowledge about the cyber challenges. The data that I have collected is from the various sources like the conducting surveys and interviewing businessmen’s, books, research papers and from the internet. The literature review is also included to depict about the cyber security and it answers the questions related to the challenges. My project guides are mainly to understand the different risks of the cyber security and the issues related to it. The work is mainly demonstrating the methods that could be used for preventing the cyber threats in the organization.

Literature Review

Businesses these days are under constant assault from criminal working against them on internet which is also known as cyber criminals resulting in the rise of overall cost for the companies. It has been seen that for the big companies like Google, there is an increase in prevalence and the severity of the malicious cyber enabled activities and other extraordinary threats that are done to the national security, foreign policy and economy. One of the damaging targets are for the society embroiled cyberwarfare infrastructure. Here, the focus is on the single points of failure which is directed to the power stations, communication network, transport and the other utilities. In the year 2015, there were many corporate law firms in New York that were attack of cybercrime (Born, 2015). There were three hackers from China that have got an opportunity to enter into firm’s computer system by playing a trick n partners and revealing the passwords of their emails. After entering the accounts, these criminals got their hands on very sensitive and confidential information about some future mergers. These criminals than traded the information and earned more than four million dollars. Like many other victims these firms preferred to stay quiet about being part of victims (Cavelty, 2014). They also feared catching attention of other thugs as well as also damaging the reputation since they were the keepers of the secrets of clients. But some information leaked in media and then was later confirmed by the federal prosecutors and those firms as well (Hong et al., 2014). The federal court publicly discussed the discoveries and their efforts to bring the alleged criminals to justice. The case of cyber-attack meets the security fraud must serve as wake – up call for much law based companies. It is important to understand for such companies that they will be the target of cyber-attacks since the information is valuable for the criminals (Overbye et al., 2017). The ransom ware like WannaCry attack single handedly has crippled so many computers in more one hundred and fifty countries in May and it can cost companies more than four billion dollars as per so many estimates. It is slowly dawning on so many corporate level hackings based victims associated with some vulnerable as well as completely defenseless situations (Wells et al., 2014). The case of cybercrime is also metalizing for the similar face that are present on online services and have become very popular with customers and businesses at the same time (Bates et al., 2015). The internet network was established for the overall convenience and profit of the users is now exposing the world new kinds of threats.

Research Questions/Hypothesis

Primary Question

1. What are some of the factors that influence the system of the cyber security with the setup of the business organization?

Secondary Questions

1. What are some of the approaches which could be used for protecting the system of the organizations from any kind of cyber-attacks?
2. How cyber security planning and the issues can handle the challenges of the safety and privacy?

Research Gap

The research gaps are related to the business organization which are cyberspace and the cyber-criminal activities that affect the business. The design faults are mainly in the web applications which is the major issue of the cyber security. The design faults are due to the web applications, with accessing the data and manipulating and misusing it. The issues are related to the internal business process that affect the capacity to implement and sustain the cyber security. Moreover, from surveys, cyber security software is too expensive for the small businesses so people usually stop considering to buy them.

Research Design and Methodology: Qualitative research

The qualitative research is mainly based on exploratory related research and used to gain knowledge of so many underlying facts, views as well as motivations. It also provided various kinds of insights into the issues that have helped to develop concepts as well as hypothesis for number of quantitative research (Kwon et al., 2013). Here the project will use qualitative research is uncover various trends through opinions of people and dive deeper in the issue. The method will be used in a form of semi structured tools and techniques (Bates et al., 2015). Some of most common methods also include the focus group discussion, interviews and observations. The sample size for the research will be small and selected incidences which were highly controversial by nature.

Quantitative research

Quantitative research has been done quantify the issue in a way of creating number of data that can be modified into used statistics. I have worked on the elements which includes the secured versions depending upon the views of the different elements. The research is mainly for the classification of the features, construction of the statistical models to explain about what has been observed. I have focused on the other tools like the questionnaires or the equipment for collecting the numerical data. The data is more efficient that has been done with establishing the facts depending upon the forms of surveys like questionnaire via email, face to face interview from the support manager who has faced the cybersecurity challenges, mobile surveys and many more.

Research Limitations

I have seen that there are some of the limitations:

1. The sample size is smaller with 6 participants, where the bigger sample would improve the research reliability.
2. The research is not based on the measurements with the examination of the problems.
3. There are cases where some of the participants tend to refuse against the organization.

Time Schedule

Conclusion

The internet in current time is permitting the business of all kind to reach new and large market places and create opportunities to work in an efficient manner by utilizing computer related tools (Wells et al., 2014). A company must be thinking to adapt cloud computing or just use email and maintain a website with cyber security must become an integral part of the plan. Theft of information has become a common kind of fraud then surpassing the theft in physical form. Every business that uses internet for work is accountable for creating a strong base related to culture of security that will increase the business as well as confidence of consumers.

References

Bates, A.M., Tian, D., Butler, K.R. and Moyer, T., 2015, August. Trustworthy Whole-System Provenance for the Linux Kernel. In USENIX Security Symposium (pp. 319-334).

Bell, G. and Ebert, M., 2015. Health Care and Cyber Security: Increasing Threats Require Increased Capabilities. KPMG.

Born, J., 2015. An assessment of the cyber security legislation and its impact on the United States electrical sector.

Buczak, A.L. and Guven, E., 2016. A survey of data mining and machine learning methods for cyber security intrusion detection. IEEE Communications Surveys & Tutorials, 18(2), pp.1153-1176.

Cavelty, M.D., 2014. Breaking the cyber-security dilemma: Aligning security needs and removing vulnerabilities. Science and Engineering Ethics, 20(3), pp.701-715.

Elmaghraby, A.S. and Losavio, M.M., 2014. Cyber security challenges in Smart Cities: Safety, security and privacy. Journal of advanced research, 5(4), pp.491-497.

Gordon, L.A., Loeb, M.P., Lucyshyn, W. and Zhou, L., 2015. Externalities and the magnitude of cyber security underinvestment by private sector firms: a modification of the Gordon-Loeb model. Journal of Information Security, 6(1), p.24.

Hong, J., Liu, C.C. and Govindarasu, M., 2014. Integrated anomaly detection for cyber security of the substations. IEEE Transactions on Smart Grid, 5(4), pp.1643-1653.

Kwon, C., Liu, W. and Hwang, I., 2013, June. Security analysis for cyber-physical systems against stealthy deception attacks. In American Control Conference (ACC), 2013 (pp. 3344-3349). IEEE.

Liu, Y., Sarabi, A., Zhang, J., Naghizadeh, P., Karir, M., Bailey, M. and Liu, M., 2015, August. Cloudy with a Chance of Breach: Forecasting Cyber Security Incidents. In USENIX Security Symposium (pp. 1009-1024).

Oltramari, A., Ben-Asher, N., Cranor, L., Bauer, L. and Christin, N., 2014, October. General requirements of a hybrid-modeling framework for cyber security. In Military Communications Conference (MILCOM), 2014 IEEE (pp. 129-135). IEEE.

Overbye, T.J., Mao, Z., Shetye, K.S. and Weber, J.D., 2017, February. An interactive, extensible environment for power system simulation on the PMU time frame with a cyber security application. In Power and Energy Conference (TPEC), IEEE Texas (pp. 1-6). IEEE.

Robert, M. and Directorate, I.C., 2015. ISR.

Von Solms, R. and Van Niekerk, J., 2013. From information security to cyber security. computers & security, 38, pp.97-102.

Wang, W. and Lu, Z., 2013. Cyber security in the Smart Grid: Survey and challenges. Computer Networks, 57(5), pp.1344-1371.

Wells, L.J., Camelio, J.A., Williams, C.B. and White, J., 2014. Cyber-physical security challenges in manufacturing systems. Manufacturing Letters, 2(2), pp.74-77.