IDEAS home Printed from https://ideas.repec.org/p/bdi/opques/qef_852_24.html
   My bibliography  Save this paper

Italian firms' cybersecurity – risk perception and mitigation strategies

Author

Listed:
  • Lorenzo Bencivelli

    (Bank of Italy)

  • Matteo Mongardini

    (Bank of Italy)

Abstract

The study assesses the level of awareness among businesses regarding cyber risks and their ability to adopt mitigation strategies based on evidence collected from the 2016 and 2022 editions of the Survey on Industrial and Service Firms conducted by the Bank of Italy. Nearly 90 percent of businesses are aware of the possibility of becoming the target of a cyber-attack, although this awareness does not always correspond to an adequate financial commitment to address the risks. Companies that have been previously targeted by an attack demonstrate a greater risk perception, which is associated with higher spending on prevention measures. Smaller businesses and those located in the southern regions of Italy appear to be less aware of cyber risks.

Suggested Citation

  • Lorenzo Bencivelli & Matteo Mongardini, 2024. "Italian firms' cybersecurity – risk perception and mitigation strategies," Questioni di Economia e Finanza (Occasional Papers) 852, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_852_24
    as

    Download full text from publisher

    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2024-0852/QEF_852_24.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Italian firms; cyber-security; risk perception;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdi:opques:qef_852_24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bdigvit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.