As small and mid-sized businesses (SMBs) embrace new technological developments like the rise of artificial intelligence (AI), cloud computing, and the internet of things (IoT), they often overlook the security implications of digital transformation. This leaves many organizations vulnerable to cyber theft, scams, extortion, and countless other cyber crimes. As a result, two in three SMBs suffered a security breach in the last year and cyber attacks are becoming increasingly sophisticated, targeted, and damaging. With the average cost per incident exceeding $380,000 as it is, a single security breach can be detrimental to a small firm. It is, therefore, vital that SMBs begin prioritizing cyber security. The following best practices can give your organization a head start in terms of both security and compliance.