Research Article
The Role of Cybersecurity on SME’s Digital Finance Adoption
@INPROCEEDINGS{10.4108/eai.1-11-2023.2355313, author={Sri Mangesti Rahayu and Saparila Worokinasih and Cacik Rut Damayanti and Yudha Alief Aprilian and Rani Arifah Normawati}, title={The Role of Cybersecurity on SME’s Digital Finance Adoption}, proceedings={Proceedings of the 6th Annual International Conference on Business and Public Administration, AICOBPA 2023, 1 November 2023, Malang, Indonesia}, publisher={EAI}, proceedings_a={AICOBPA}, year={2025}, month={12}, keywords={cybersecurity awareness cybersecurity preparedness digital finance adoption}, doi={10.4108/eai.1-11-2023.2355313} }- Sri Mangesti Rahayu
Saparila Worokinasih
Cacik Rut Damayanti
Yudha Alief Aprilian
Rani Arifah Normawati
Year: 2025
The Role of Cybersecurity on SME’s Digital Finance Adoption
AICOBPA
EAI
DOI: 10.4108/eai.1-11-2023.2355313
Abstract
Implementing digital transformation is very important for Small and Medium Enterprises (SMEs) to enhance competitiveness and productivity. Therefore, it is essential to identify the role of cybersecurity awareness and preparedness in SMEs' digital finance adoption. This study examines the impact of cybersecurity awareness and preparedness on SMEs' digital finance adoption using a Structural Equation Model (SEM). The research was conducted on 185 SMEs in East Java, Indonesia. The findings suggest that cybersecurity awareness and preparedness positively and significantly affect digital finance adoption. These results contribute to understanding SMEs' cybersecurity and digital finance adoption. Digital financial adoption can directly enhance financial inclusion. However, digital transformation efforts must be accompanied by cultivating cybersecurity awareness.
