Cybersecurity and Integrated Business Models

Abstract

Last few decades, technology has changed the way we communicate, live, work, and do business. Especially, technology helps businesses to become more profitable by enhancing performance and decisions, improving communications among stakeholders, and reducing costs. It also facilitates businesses to expand worldwide and become accessible to everyone everywhere. Moreover, technological attachment affects business culture, efficiency, and relations across industries. Furthermore, technology adaptation makes business faster, easier, and smarter. Importantly, technology may contribute to both—the data security of own businesses, and threats to the data security of others’ businesses. No matter how the size of a company is—technology has had inevitable effects on business operations. Hence, it can be concluded that new business models, technology, and cybersecurity are closely interconnected. Keeping that in view, this chapter explains the interrelations among business models, technology adoption, and cybersecurity. The findings of this chapter will enlighten all stakeholders regarding the prospects and problems of some emerging technologies in businesses and the possible way forward.