Cyber Security Implementation Issues in Small to Medium-sized Enterprises (SMEs) and their Potential Solutions: A Comprehensive Analysis

As the tech industry is advancing day by day, the digital data they store, their dependency on technology and other resources is also enlarging. Although large businesses account for returning high returns and turnover, Small and Medium-sized Enterprises (SMEs) also have a large market share in this evolving era of technology. As these SMEs are becoming dependent on technology and moving towards the cyber space, the cyber security risks for these companies are also increasing. In current scenario, providing cyber security is more inclined towards large businesses, but what about the SMEs? Today, SMEs are not well prepared to defend themselves from cyber threats and attacks, and some of them can't even detect data breaches and manage cyber security risks. In addition, the mindset of the people within these SMEs is like "We SMEs are too small for any cyber-attack or threat". But this is just a myth and a mistake. Since they are small, lack resources and capital, SMEs become one of the prime targets of hackers. Therefore, this review paper gives a literature review and insights about the research conducted so far around the world regarding the cyber security problems faced by SMEs and how they can cope with cyber security threats and defend themselves against malicious cyber-attacks.