This study explores the cybersecurity landscape for small and medium-sized enterprises (SMEs), focusing on identifying prevalent cybersecurity risks, evaluating existing mitigation strategies, and examining the role of innovation and technology in bolstering cyber resilience. The research employs a systematic literature review and content analysis of academic journals, industry reports, and government publications from 2015 to 2024. Key findings reveal that SMEs are particularly vulnerable to various cyber threats, including phishing, malware, data breaches, and ransomware, due to resource constraints, lack of awareness, and inadequate cybersecurity measures. Effective mitigation strategies include comprehensive cybersecurity policies, regular employee training, and advanced technological solutions. The study predicts an increasing reliance on artificial intelligence and machine learning for threat detection and collaboration between SMEs and cybersecurity firms. It emphasizes the necessity for supportive policies and frameworks, financial incentives, and the development of SME-specific cybersecurity standards. Building a cyber-secure culture within SMEs, characterized by organizational commitment and regular awareness programs, is crucial for enhancing cyber resilience. The study concludes by offering strategic recommendations for navigating digital threats and suggesting avenues for future research, including the exploration of behavioral aspects of cybersecurity and the impact of emerging technologies.This study explores the cybersecurity landscape for small and medium-sized enterprises (SMEs), focusing on identifying prevalent cybersecurity risks, evaluating existing mitigation strategies, and examining the role of innovation and technology in bolstering cyber resilience. The research employs a systematic literature review and content analysis of academic journals, industry reports, and government publications from 2015 to 2024. Key findings reveal that SMEs are particularly vulnerable to various cyber threats, including phishing, malware, data breaches, and ransomware, due to resource constraints, lack of awareness, and inadequate cybersecurity measures. Effective mitigation strategies include comprehensive cybersecurity policies, regular employee training, and advanced technological solutions. The study predicts an increasing reliance on artificial intelligence and machine learning for threat detection and collaboration between SMEs and cybersecurity firms. It emphasizes the necessity for supportive policies and frameworks, financial incentives, and the development of SME-specific cybersecurity standards. Building a cyber-secure culture within SMEs, characterized by organizational commitment and regular awareness programs, is crucial for enhancing cyber resilience. The study concludes by offering strategic recommendations for navigating digital threats and suggesting avenues for future research, including the exploration of behavioral aspects of cybersecurity and the impact of emerging technologies.