Cybersecurity is crucial because SMBs are often targeted by cyber criminals due to their perceived lack of robust security measures. A successful cyber-attack can lead to financial loss, reputational damage, and legal consequences. 

Common threats include phishing attacks, ransomware, data breaches, malware, and insider threats. These can disrupt operations, steal sensitive information, and cause significant financial harm. 

Implementing multi-factor authentication (MFA), enforcing strong passwords, and maintaining good digital hygiene is a great place to start. From here, align to a framework that suits as this will ensure all bases are covered. We can recommend a few to check out, as well as our own! 

Immediately isolate affected systems, notify the IT team, or cybersecurity provider, and report the incident to relevant authorities. Conduct a thorough investigation to understand the breach journey and prevent future incidents. Having a team of experts at hand on retainer is a great peace of mind.