Cybercrime remains a challenge for businesses across the world. In recent years business has been spending a huge budget on cybercrime protection mechanisms. However, awareness of cybercrime is considered the initial point before planning investment in cybercrime protection mechanism. The purpose of the study was to evaluate the association between nature of business and cyber-crimes in Malaysia. To achieve the research objectives of the current study data has been collected from the entrepreneurs working in the state of Penang using the purposive sampling technique. A sample of 350 respondents has been taken for the data analysis. The results indicate the nature of business correlated with cybercrime awareness. The empirical findings of PLS-SEM revealed that cyber-crimes are increasing because of the type of business which is more prone to the risks associated with the nature of the business. The findings of the current study outline the implications for policymakers, regulatory authorities, and entrepreneurs.

Keywords: Business mode, Position, cyber-crimes, and awareness.