The process of business development involves identifying new opportunities, sustaining and establishing relationships with customers as well as forming strategic pebblefuturefest.com partnerships and creating strategies to boost profits. It affects almost every department in a company, from marketing to human resources. This field is particularly difficult due to the need for constant surveillance against cyberattacks that can cause disruption or even destroy systems and also compromise the data of businesses and organizations.

The last decade has seen a steady increase in the sophistication of cyberattacks, with hackers targeting more and more digital assets. The number of attacks increased because bad actors were attempting to make money and monetize. This is why cybersecurity has risen up the list of priorities for numerous companies. The threat of losing customers’ trust, lawsuits, and fines imposed by regulators has made the implementation of efficient security tools essential to the success of any business.

The cost of adopting cybersecurity technologies may be prohibitive for SMEs that are operating under tight financial restrictions. This study seeks to identify the internal and external factors that affect SMEs’ adoptions of cybersecurity technologies. A systematic review of the literature was performed, using Google Scholar and databases like EBSCO and ProQuest to find relevant articles. Key words such as cybersecurity data breaches, threat modeling risk assessment, TOE framework and organizational performance were used to locate studies.

This study indicates that perceived usefulness and technological characteristics are the most significant elements in SMEs adopting cybersecurity technologies. Further, IT modularity and observability are strongly associated with cybersecurity technology adoption in SMEs.