As 2024 approaches, the cybersecurity landscape faces a critical juncture, with AI-driven phishing techniques advancing and ransomware-as-a-service (RaaS) attacks surging. AI sophistication aids threat actors in crafting convincing phishing emails, challenging SMB security measures. Proactive defenses, such as robust verification procedures and security awareness training, are crucial for mitigating risks. RaaS's ascent requires SMBs to prepare for evolving attack methods by adopting multi-layered security solutions and creating ransomware response playbooks. Timely, well-rehearsed responses are essential in countering time-sensitive attacks. The adoption of Software Bill of Materials (SBOM) emerges as a standard practice for SMBs, offering transparency into software supply chains and mitigating vulnerabilities. Understanding and addressing potential risks through SBOMs become imperative for SMB cybersecurity in the face of AI-driven threats and RaaS prominence in the coming year.