Read this article https://academic.oup.com/cybersecurity/article/7/1/tyab007/6168453?login=trueLinks to an external site. and write a summary reaction to the use of the policies in your journal. Focus primarily on the literature review and the discussion of the findings.
The literature review in the study emphasizes that SMEs face significant cybersecurity challenges, often stemming from a lack of resources, expertise, and prioritization. These challenges are exacerbated by a laissez-faire economic approach, where minimal government intervention is encouraged, placing the onus of security entirely on the businesses themselves. The findings suggest that this economic philosophy leaves SMEs vulnerable, as they frequently adopt basic, easy-to-implement measures rather than comprehensive security strategies.
The discussion highlights that in a laissez-faire environment, SMEs are driven by market forces to prioritize profit and operational efficiency over robust cybersecurity practices. This leads to a reactive rather than proactive approach to cybersecurity, driven more by immediate threats than by strategic risk management. The study reveals that without regulatory guidance or external support, SMEs often cannot keep pace with evolving cyber threats, putting not only their operations but also the broader supply chain at risk. This reaction underscores the limitations of laissez-faire policies in addressing complex, systemic issues like cybersecurity, where coordinated intervention and resource allocation may be necessary to protect both individual enterprises and the larger economic ecosystem.