Alona Bahmanova, Natalja Lace

Proceedings of the 16th International Multi-Conference on Complexity, Informatics and Cybernetics: IMCIC 2025, pp. 172-183 (2025); https://doi.org/10.54808/IMCIC2025.01.172

Alona Bahmanova
Faculty of Engineering Economics and Management, Riga Technical University, Riga, Latvia

Natalja Lace
Faculty of Engineering Economics and Management, Riga Technical University, Riga, Latvia

Cite this paper as:
Bahmanova, A., Lace, N. (2025). Conceptual Model of the Company's Cyber Resilience Elements. In N. Callaos, N. Lace, B. Sánchez, M. Savoie (Eds.), Proceedings of the 16th International Multi-Conference on Complexity, Informatics and Cybernetics: IMCIC 2025, pp. 172-183. International Institute of Informatics and Cybernetics. https://doi.org/10.54808/IMCIC2025.01.172

This study is a continuation of the paper from last year's conference "Cyber Risks: Systematic Literature Analysis". The work considered the process and risks of digitalization. As a result, definitions of cyber risks and cyber threats, cyber security and cyber resilience were given, and differences between similar concepts were considered. Also, as a result of the work, gaps in current approaches to small and medium enterprise (SME) cyber resilience were identified. To eliminate these gaps, it is necessary to see the full picture, understand which elements are included in the company's security system from cyber threats and are also able to strengthen its cyber resilience against threats and how it is possible to minimize cyber risks. In this work, an attempt will be made to build a conceptual model of cyber resilience of small and medium enterprises, considering the elements of the model and their interrelations and interdependencies.