Managing Cyber Security Costs for Sustainable Competitive Advantage

Authors

  • Sahar Yass AL-Asady Directorate of Najaf Education, Najaf, Iraq Author
  • Inaam Mohsin Almusawi University of Kufa, Collage of Administration and Economics, Najaf, Iraq Author
  • Karrar Abdulellah Azeez University of Kufa, Collage of Administration and Economics, Najaf, Iraq Author https://orcid.org/0000-0003-2392-5025

DOI:

https://doi.org/10.56294/sctconf2024670

Keywords:

Cyber Security, Costs Managing, Accounting Profession, Cyber Attacks, Competitive Advantage

Abstract

Because of information technology, accounting systems need to manage cyber security operations. Cyber security plays a critical role and controlling information has become challenging task. The firms should measure and the costs related with applying cyber security plans. We developed a thinking to know the cyber security costs and the dimensions within the cyber security Framework produced by the airport affect on sustainable competitive advantage in response to the cyber security Improvement. The population consists of 6 airports in Iraq, and the sample size was 232 employers. The hypotheses formulated were tested with F-test statistics using Eviews software package version 12. This study focuses on the cyber security costs in the international era may be easily adopted by firms that are interested in improving competitive advantage. Findings show that managing and constantly improving cyber security operations costs positively have affected sustainable competitive advantage. The paper argued that changes in the sustainable competitive advantage that should be segmented in cost accounting systems to reflect whether those tasks are being performed as fit. Then, the conclusion for companies may also wish to customize the plans to better performance with their unique systems, structures, and work processes

 

References

1. Aleksey Savkin, “Cybersecurity Scorecard with Key Performance Indicators for Data Security and Data Protection”, BSC Designer, September 25, 2021,

2. Antczak, J. (2020). Costs of Cyber-Security in a Business Entity. Edukacja Ekonomistów i Menedżerów, 55(1), 82-94.

3. Bulto, L., & Kant, S. (2023). Total Quality Management Integration With Six Sigma for Operational Success of a Project. Partners Universal International Research Journal, 2(2), 156-168.

4. Cremer, F., Sheehan, B., Fortmann, M., Kia, A. N., Mullins, M., Murphy, F., & Materne, S. (2022). Cyber risk and cybersecurity: a systematic review of data availability. The Geneva Papers on risk and insurance-Issues and practice, 47(3), 698-736.

5. Ehioghiren, E. E., Ojeaga, J. O., & Eneh, O. (2021). Cyber security: the perspective of accounting professionals in Nigeria. Accounting and taxation review, 5(2), 15-29.

6. Ghelani, D. (2022). Cyber Security, Cyber Threats, Implications and Future Perspectives: A Review. Authorea Preprints.‏

7. Haseeb, M., Hussain, H. I., Kot, S., Androniceanu, A., & Jermsittiparsert, K. (2019). Role of social and technological challenges in achieving a sustainable competitive advantage and sustainable business performance. Sustainability, 11(14), 3811‏.‏

8. Hejase, H. J., Fayyad-Kazan, H. F., Hejase, A. J., & Moukadem, I. A. (2021). Cyber security amid COVID-19. Computer and Information Science, 14(2), 1-10.‏

9. JATMIKO, B., Udin, U. D. I. N., RAHARTI, R., LARAS, T., & ARDHI, K. F. (2021). Strategies for MSMEs to achieve sustainable competitive advantage: The SWOT analysis method. The Journal of Asian Finance, Economics and Business, 8(3), 505-515

10. Jenab, K., & Moslehpour, S. (2016). Cyber Security Management: A Review. Business Management Dynamics, 5(11)

11. Knudsen, E. S., Lien, L. B., Timmermans, B., Belik, I., & Pandey, S. (2021). Stability in turbulent times? The effect of digitalization on the sustainability of competitive advantage. Journal of Business Research, 128, 360-369

12. Li, Y., & Liu, Q. (2021). A comprehensive review study of cyber-attacks and cyber security; Emerging trends and recent developments. Energy Reports, 7, 8176-8186.

14. Rabiser, R., & Zoitl, A. (2021). Towards mastering variability in software-intensive cyber-physical production systems. Procedia Computer Science, 180, 50-59.

15. Radziwill, N. M., & Benton, M. C. (2017). Cybersecurity cost of quality: Managing the costs of cybersecurity risk management. arXiv preprint arXiv:1707.02653

16. Radziwill, N. M., & Benton, M. C. (2017). Cybersecurity cost of quality: Managing the costs of cybersecurity risk management. arXiv preprint arXiv:1707.02653.

17. Romanowski, S.; (2016). Examine the costs and causes of cyber incidents. Cyber Security Journal, 2(2), 121-135

18. Singh, U., & Singh, P. (2022). Managing Cyber Security. Journal of Management and Service Science (JMSS), 2(1), 1-10.

19. TEGUH, S., HARTIWI, P., RIDHO, B. I., BACHTIAR, S. H., SYNTHIA, A. S., & NOOR, H. A. (2021). Innovation capability and sustainable competitive advantage: An entrepreneurial marketing perspective. The Journal of Asian Finance, Economics and Business, 8(5), 127-134

20. Venkatachary, S. K., Prasad, J., & Samikannu, R. (2017). Economic impacts of cyber security in energy sector: A review. International Journal of Energy Economics and Policy, 7(5), 250.‏

21. Wang, H., Ko, E., Woodside, A., & Yu, J. (2021). SNS marketing activities as a sustainable competitive advantage and traditional market equity. Journal of Business Research, 130, 378-383.‏

22. Cremer, F., Sheehan, B., Fortmann, M., Kia, A. N., Mullins, M., Murphy, F., & Materne, S. (2022). Cyber risk and cybersecurity: a systematic review of data availability. The Geneva Papers on risk and insurance-Issues and practice, 47(3), 698-736.

23. Rabiser, R., & Zoitl, A. (2021). Towards mastering variability in software-intensive cyber-physical production systems. Procedia Computer Science, 180, 50-59.

24. Radziwill, N. M., & Benton, M. C. (2017). Cybersecurity cost of quality: Managing the costs of cybersecurity risk management. arXiv preprint arXiv:1707.02653.

25. Jenab, K., & Moslehpour, S. (2016). Cyber Security Management: A Review. Business Management Dynamics, 5(11) Muravskyi, V. (2021). Accounting and Cybersecurity.‏‏‏‏

26. Singh, U., & Singh, P. (2022). Managing Cyber Security. Journal of Management and Service Science (JMSS), 2(1), 1-10.

27. Bulto, L., & Kant, S. (2023). Total Quality Management Integration With Six Sigma for Operational Success of a Project. Partners Universal International Research Journal, 2(2), 156-168.

28. Ehioghiren, E. E., Ojeaga, J. O., & Eneh, O. (2021). Cyber security: the perspective of accounting professionals in Nigeria. Accounting and taxation review, 5(2), 15-29. Antczak, J. (2020). Costs of Cyber-Security in a Business Entity. Edukacja Ekonomistów i Menedżerów, 55(1), 82-94

Downloads

Published

2024-01-01

How to Cite

1.
AL-Asady SY, Almusawi IM, Abdulellah AK. Managing Cyber Security Costs for Sustainable Competitive Advantage. Salud, Ciencia y Tecnología - Serie de Conferencias [Internet]. 2024 Jan. 1 [cited 2024 Nov. 21];3:670. Available from: https://conferencias.ageditor.ar/index.php/sctconf/article/view/1055