SECURING THE FOUNDATION: PERCEIVED RISK AND INFORMATION SECURITY IN SMES

Abstract

In our interconnected world, where information flows freely and technology is increasingly accessible, both individuals and businesses are experiencing a digital revolution. This transformation has prompted companies to reevaluate their business models, integrating information technology (IT) resources to enhance their agility and overall organizational structure. As highlighted by Lunardi, Dolci, and Maçada (2010), this shift towards IT adoption has the potential to provide a significant competitive advantage. This revolution isn't confined to large corporations; it equally affects small and mediumsized enterprises (SMEs). In Brazil, SMEs contribute significantly to the economy, accounting for 27% of GDP and 44% of formal jobs in 2011 (SEBRAE, 2015). With approximately 76% of these enterprises utilizing electronic equipment and 61% employing some form of business management system (SEBRAE, 2015), the importance of IT resources for their survival is increasingly recognized (Biagi & Roldello, 2016). Laureano and Moraes (2005) underscore the role of information as a valuable asset within organizations, requiring diligent protection and preservation. Security vulnerabilities can have farreaching consequences, even rendering critical projects unviable (Kroll & D'Ornelas, 2009). Prates and Ospina (2004) emphasize that SMEs are particularly vulnerable due to their limited resources. This paper delves into the pivotal role of IT resources in the context of SMEs, examining their adoption, challenges, and potential impacts. It underscores the imperative for SMEs to navigate the digital landscape with caution, given the increasingly crucial role of IT in their sustainability and competitiveness