Impact of Cybersecurity Threats on E-Businesses in Emerging Economies: A Comprehensive Study

Abstract

This paper explores the profound impact of cybersecurity threats on e-businesses operating in emerging economies. Cybersecurity threats, ranging from malware to ransomware and phishing attacks, pose significant risks to the financial stability, operational continuity, and reputation of e-businesses. The Resource Dependence Theory provided the theoretical framework for this study. The survey method was adopted,, and 150 respondents were purposively selected to form the sample population. An online survey was used to source for data. The collected data were presented and analyzed using Statistical Package for Social Sciences (SPSS). The results obtained revealed that e-businesses frequently encounter such threats and that phishing do not pose a significant risk to their e-business. It was revealed that majority of incidents they face stem from external sources in which customer data is not frequently targeted in cybersecurity attacks on their business and that cybersecurity threats faced by their business are more severe compared to businesses in developed economies. The study recommended that e-businesses should prioritize cybersecurity, educate their employees on best practices, Government should focus on strengthening cybersecurity measures, collaborating with businesses and other agencies, and investing in cybersecurity education and training e-busnesses should Keep up-to-date with the latest cybersecurity trends and technologies, and regularly assess their systems for vulnerabilities Keywords: Cybersecurity, Cybersecurity threats, E-busnesses, Emerging economies, Mitigation strategies, Regulations.