Implementing a Cybersecurity Maturity Model to Improve Risk Management Practices in Small and Medium Enterprises

Abstract

Small and Medium Enterprises (SMEs) are increasingly vulnerable to cybersecurity threats, yet often lack the structural capabilities and resources to mitigate risk effectively. This paper proposes the implementation of a Cybersecurity Maturity Model (CMM) tailored for SMEs to enhance their risk management strategies. Drawing upon pre-2022 literature, this study examines how adopting a phased maturity framework can incrementally develop organizational resilience. It provides a conceptual and practical foundation for SMEs seeking to align cybersecurity efforts with risk management best practices while overcoming financial and technical constraints.