Cyberattack, cyber risk mitigation capabilities, and firm productivity in Kenya
Tetteh, Godsway Korku and Otioma, Chuks (2024) Cyberattack, cyber risk mitigation capabilities, and firm productivity in Kenya. Small Business Economics. ISSN 0921-898X (https://doi.org/10.1007/s11187-024-00946-8)
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Abstract
Most scholarly work has focused on the positive effects of digitalisation in Sub-Saharan Africa without accounting for the associated risks and mitigation measures at the firm level. Using the 2016 Enterprise ICT Survey of Kenya which provides a rich source of information on the use of ICT among firms, we examine the effect of cybersecurity breach on labour productivity and show how this effect is moderated by cyber risk mitigation capabilities at the firm level. We find that cybersecurity breach reduces labour productivity at the firm level. We also find that upskilling mitigates the negative effect of cybersecurity breach on labour productivity especially for Small and Medium-sized Enterprises. The results further suggest that while Information Technology Policy and Information Technology Security capabilities can enable firms to improve labour productivity, these measures are not sufficient to offset the adverse effect of cybersecurity breach on labour productivity. Together the results imply that upskilling is an effective cyber risk mitigation measure against cybersecurity breaches at the firm level and therefore should be an integral part of the overarching IT governance strategy of firms.
ORCID iDs
Tetteh, Godsway Korku ORCID: https://orcid.org/0000-0003-0900-4633 and Otioma, Chuks;-
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Item type: Article ID code: 89724 Dates: DateEvent5 July 2024Published5 July 2024Published Online13 June 2024AcceptedSubjects: Social Sciences > Commerce > Business
Science > Mathematics > Electronic computers. Computer science > Other topics, A-Z > Human-computer interaction
Social Sciences > Economic History and ConditionsDepartment: Strathclyde Business School > Accounting and Finance Depositing user: Pure Administrator Date deposited: 25 Jun 2024 11:18 Last modified: 02 Oct 2024 13:07 URI: https://strathprints.strath.ac.uk/id/eprint/89724