The Impact of Cybersecurity in Reducing Banking Inertia

Abstract

The present study aims to examine the relationship and impact of cybersecurity in mitigating organizational inertia in banks. Organizational inertia is one of the critical challenges that hinder banks from keeping pace with environmental changes and adapting to market dynamics, ultimately affecting their financial performance.

To achieve the study's objectives and answer its key questions, an applied research methodology was adopted. A total of 156 survey questionnaires were distributed to employees at commercial banks in Najaf Governorate, covering various administrative levels, including middle and senior management. The study tested hypotheses related to the impact of cybersecurity (independent variable) on organizational inertia in banks (dependent variable). Data collected were analyzed using advanced statistical methods through Excel, SPSS v.27, and SmartPLS4 to examine the relationship between the variables.

The findings revealed a significant impact of cybersecurity in reducing organizational inertia in banks. Implementing cybersecurity mechanisms substantially contributes to minimizing inertia and helps banks mitigate risks. The study concludes with recommendations for the surveyed banks to enhance their cybersecurity strategies, invest in modern technologies such as encryption techniques and artificial intelligence for threat detection