Content area
Abstract
The problem to be addressed by this study is the lack of response capabilities on the part of small to medium enterprise managers to cybersecurity incidents in the Ecuadorian small business sector. The small to medium enterprise sector in Ecuador needs to create more robust legislations that will help the country to fight against the universal cyber threat problematic. The purpose of this qualitative research study is to raise awareness among Ecuadorian business people, and Ecuadorian constituents and the government to take part in the fight against virtual organized crime. The researcher showed the potential Return on Investment that small to medium enterprises in Ecuador will benefit from this qualitative study. This qualitative study explored themes to address barriers to cybersecurity recognition as well as cultural relatedness to the nature of the practices that take place in a data-sensitive environment. The qualitative research study was conducted using a semi-structured questionnaire to demonstrate the objective of the research study with 50 IT security managers and IT administrators in Ecuador. The theoretical framework supported the outcomes of this study as they related to motivators, education, culture, communication, and ethics. Respectively, Geert Hofstede's cross-cultural theory, the achievement motivation theory, and the dialectical theory supported this research study. Questionnaires were provided for 50 work-study samples via a small to medium enterprise’s LinkedIn network.Research question one helped determine if small to medium enterprises (SMEs) in Ecuador were prepared to respond effectively and efficiently to a cyber-attack, while the research question two, addressed how small to medium organizations in Ecuador are managing ROI/ROSI controls. Therefore, this study showed that many companies do not feel supported by stakeholders and would like to acquire computer equipment that provides greater security. Additionally, the small to medium enterprises must consistently identify and manage cybersecurity risks.