PROBLEM : CYBER SECURITY BREACHES IN THE SMALL AND MEDIUM SCALE COMPANIES AND

THE NEED OF INFORMATION SECURITY AUDIT

Cybersecurity is a serious and one of the growing risk for organizations. In the
PROBLEM pandemic times many small and medium scale companies are pushed to use online
JUSTIFICATION : platforms such as cloud and moving their daily routine to the online. While bigger
organizations are capable of doing this in a efficient manner many small and medium
scale companies are still struggling to adopt to the new normal. While pushing all the
day to day activities into the internet small medium scale companies somehow
managed to do all the necessary activities and also opened the way for the new
security threats. In the pandemic situation many have started working from home it
leaded the way for the rise of many hackers. while most of them are being as
beginners the risk they are making to the small and medium scale companies are
high. In order to avoid all we need a good auditing as well as Management activities.
In the tackle of the situation we use different efficient and institutional theories to
SOLUTION : investigate the influence of security and data breaches and also what are the roles
that are needed to audit this issue in a proper manner. As a solution we can try to
develop a hypothesis based on the test samples that are gained from large scale
industries and reducing the size of the samples as per the need of the small and
medium size industries. From the hypothesis test we can identify the frequency of the
data breaches and we will be documenting what are all the security precautions and
incident response they are doing . Also it will give the oversight to the upcoming small
and medium scale organizations. After the results we provide implications and areas
for future research.