Cyberspace has become the “Wild West” of business opportunities for companies. The explosion of growth opportunities has also created substantial cyber insecurity for such companies. Large companies have the budget and resources to manage cybersecurity risks with the ability to hire experts to provide guidance and technology to address problems on a large corporate scale. Small and medium sized enterprises (SME), on the other hand, lack the funding, knowledge, and human capital to sufficient defend itself against the various criminals. This research analyzes three solutions for some of the major categorical problems for SMEs looking to manage cybersecurity risks without necessarily large investments in only highly technical solutions which include community policing for broad cooperation within industries, cyber insurance, and cyber hygiene. The research was based on literature review on existing literature including substantial government policy, and openly available information available on the Internet. Research yielded the necessity of adopting solutions beyond technology in order to improve security and resilience for SMEs. The proposed solutions are ideally applicable under specific scenarios for SMEs. Broad adoption may not yield the necessary security or resilience for companies without a clear understanding of its existing security strateg
