Abstract
As cybersecurity threats increase in frequency and sophistication, organizations are realizing that one of their strongest resources to combat cyberattacks lies in the growing volume of data at their disposal. However, traditional knowledge management technologies have limited capabilities to effectively process and analyze these larger data volumes that can provide managers with pertinent information to make better-informed security decisions. Using survey data from 479 business and information security executives and drawing from the resource-based view, I find that 69% of organizations that deployed big data analytics reported significant improvements in their cyber knowledge management capabilities. Second, the findings also confirm a significantly positive association between big data analytics and cyber agility. In particular, 72% of organizations that deployed big data analytics solutions reported significant improvements in their ability to detect and respond faster to cyber threats. Lastly, compared to 56% of organizations without big data analytics, 78% of companies that have deployed big data analytics technologies considered their cyber security capabilities adequate and robust enough to protect critical information assets from cyberattacks. Overall, the results demonstrate that organizations need advanced data analytics capabilities to effectively leverage IT resources, allowing them to respond to cyber incidents with speed and agility which ultimately cumulates in the superior cyber protection of valuable information assets. The results also provide some useful implications for research and managerial practices.
Highlights
The rapid rise of the Internet and the digital economy has fueled exponential growth in data amassed by organizations
This paper provides some empirical evidence that demonstrates that big data analytics: (1) enhances organizational capabilities to rapidly respond to cyberattacks and (2) has essential functionalities that allow an organization to effectively harness knowledge management capabilities to provide better cyber protection of valuable information assets
The primary results suggest that big data analytics capability enhances knowledge management process, and together they enable both pre- and post-incidence cyber agility
Summary
The rapid rise of the Internet and the digital economy has fueled exponential growth in data amassed by organizations. To improve cybersecurity and reduce risk, organizations are pivoting from a reactive to a proactive approach toward securing information assets, wherein they identify and respond to threats before an attacker can cause damage Switching to this approach requires an organization to leverage advanced threat detection functionalities, access real-time identification of risks, and implement the rapid deployment of countermeasures to contain cyberattacks before their negative effects can materialize. To execute this approach, the organization requires an updated toolset consisting of an Information Technology (IT) resource that is able to analyze, describe, and combine a large volume of data in a diverse format and from multiple sources. This paper proposes big data analytics as an IT capability that can be leveraged for this function
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