IoT cybersecurity risk perception and response strategies among tech startups in Saudi Arabia: a data-driven study

The use of Internet of Things (IoT) devices by startups in Saudi Arabia brings both innovation and increased cybersecurity vulnerabilities. This study examines the level of cybersecurity awareness amongst startups and investigates their perceptions of blockchain as a potential cybersecurity solution. We conduct cross-sectional surveys using online questionnaires. Data is analyzed using the SPSS tool, employing descriptive statistics and inferential methods, including Pearson correlation and variance analysis. The results from the survey indicate lack of awareness, budget constraints, training limitations, and lack of clear policy at organizational level as the most outstanding challenges in the startups. Only a minority of respondents encountered cyberattacks, although concern levels for them were high. There is a need for structured training and strategic investment in cybersecurity among startups. The results also show the potential of Blockchain but lack a broad perception of feasibility<p></p>