Factors Influencing the Adoption of Cyber Security Standards Among Public Listed Companies in Malaysia

Mohamed Abdalla,Yusri Bin Arshad,Ahmed Abu-Khadrah,Muath Jarrah

doi:10.14569/ijacsa.2021.0121191

Mohamed Abdalla, Yusri Bin Arshad + Show 2 more

Open Access

https://doi.org/10.14569/ijacsa.2021.0121191

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Abstract

Employee’s failure to adhere to their organization’s cyber security policies contributes most of the cyber incidents. To secure information security systems, companies need to communicate behavioral and technical solutions to their employees, due to the fragility of the human factor since it plays a critically significant role in securing cyber systems. The necessity to safeguard information systems have speed up the evolution of the present method of cyber security, which should be based on adequately adopting cyber security standards to secure business enterprise’s assets and users in cyberspace. This paper studies factors influencing the adoption of cyber security standards among public listed companies in Malaysia. Through online survey that was distributed among 275 Public listed companies. The findings indicated that expected related benefits and perceived ease of use had significant impact on the adoption of cyber security standards. On the other hand, perceived security had played important moderating influence on the relationship between organizational factors and the adoption of cyber security standards.

Highlights

Cyber security standards are defined broadly to include principles, guidelines, codes of practice and technical specifications that are developed by public, private and not-forprofit entities, including government departments and agencies, national standardization bodies, industry alliances and associations [1].Malaysian enterprise’s concern regarding cyber security issues is at the peak for the last decade
By integrating two theoretical replicas of information systems adoption, this study developed the theoretical model for cyber security standards adoption
The Technological sector were from Telecommunication, ICT and Technology manufacturing, financial services, media and digital followed by the food, beverage and tobacco manufacturing and palm oil mining and real estate services

Summary

Introduction

Cyber security standards are defined broadly to include principles, guidelines, codes of practice and technical specifications that are developed by public, private and not-forprofit entities, including government departments and agencies, national standardization bodies, industry alliances and associations [1]. Malaysian enterprise’s concern regarding cyber security issues is at the peak for the last decade. Business industries striving to securer their critical infrastructures as the core value are the significance of cyber protection, which is connected to the developing knowledge of information security. As a survey conducted by PricewaterhouseCoopers Malaysia, 42 percent of Malaysian organizations see an increased risk of cyber threats. In Malaysia, cybercriminals had hit losses equivalent to RM 1 billion, qualifying the nation to be the fifth riskiest country to cyber threats in 2019 [2].

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