"The article highlights the significance of small and medium businesses (SMBs) in India's economic growth, with over 90% of commercial enterprises falling under this category. Despite rapid digitization, cybersecurity remains an area needing improvement for SMBs. While SMBs have become targets for cyber threats, many underestimate the risk, leading to breaches. Remote work exacerbates the issue due to a lack of device security awareness. Cyberattacks cost SMBs an average of $8,000 last year, prompting the need for prioritizing cybersecurity. Solutions include investing in cyber insurance, fostering employee cyber awareness, and implementing strong password practices. Amidst technological advancement, SMBs must balance innovation with cybersecurity compliance to mitigate financial impacts. Overall, a robust security infrastructure is crucial for SMBs to harness digitization for growth."