| dc.description.abstract | Our modern societies are now driven by technology. While this has brought about a number of
advantages, the adoption of technology is not without its challenges. The widespread adoption
of technology by businesses has resulted in the emergence of cyber risk. The ubiquitous
interconnectivity of operations within the business and also with external parties provides the
primary conduit for exploiting cyber risk vulnerabilities on a widespread basis.
This study sought to investigate the impact of cyber risk management on corporate performance
of SMEs operating in Zimbabwe, a sector most exposed to cyber risk, albeit least researched.
The study employed a quantitative methodology. Data were collected through structured self-
administered questionnaires which were distributed through stratified random sampling of 250
respondents. From the total of 250 questionnaires distributed, 207 valid responses were
obtained giving a response rate of 82.8%. The study found positive and significant
relationships between the four cyber risk management constructs and corporate performance.
Specifically, the study highlights that cyber risk governance, assessment practices, reduction,
and awareness and training positively impacts corporate performance. These finding further
enhance our understanding of the impact of cyber risk (growing phenomenon) on corporate
performance, in a sector which is becoming a key growth driver for the Zimbabwean economy.
It is concluded that good cyber risk management practices tends to boost business performance
hence business owners and management should build robust cyber risk management practices
in their companies. Furthermore, SMEs were urged to embrace rather fear the digital
technology, at the same time ensure sound cyber risk management structures are in place
through risk governance, assessment of the inherent cyber risk, risk reduction, and cyber risk
awareness and training. | en_ZW |
