Assessment of the awareness of Cypriot accounting firms level concerning cyber risk: an exploratory analysis

Technology development has made a decisive contribution to the digitisation of businesses, which makes it easier for them to work more efficiently. However, in recent years, data leakages have shown an increasing trend. To investigate the level of awareness among Cypriot accountancy firms about cyber-related risks, we use the data from a recent survey of Cypriot professional accountants' members of Institute of Certified Public Accountants of Cyprus (ICPAC). The categorical nature of the data and the purpose of our research led us to use methods of multidimensional statistical analysis. The emergence of intense differences between accounting companies in relation to the issue as we will present is particularly interesting.