Title

Exploration and Exploitation in Organizational Cybersecurity

Document Type

Article

Publication Date

7-4-2022

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Abstract

This study examines the cybersecurity responses by organizations to threats. Based on the notions of exploration and exploitation, this study developed a 2 × 2 matrix to characterize organizational actions as Surviving, Investigating, Reinforcing, and Balancing. Using textual data gathered from the annual 10-K reports of 87 organizations, this study mapped the explorative and exploitative behaviors of organizations and characterized the cybersecurity responses with the 2 × 2 matrix. This study also identified the changes in cybersecurity responses over multiple time periods, and the patterns of shifts between the quadrants in the 2 × 2 matrix as organizations adapted their cybersecurity responses over time. Several implications for research and practice are discussed

DOI

10.1080/08874417.2021.1902424

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