Small and medium-sized enterprises (SMEs) in the UK are losing nearly £3.4 billion annually due to cyberattacks.The average cost per SME is £3,398, which includes expenses related to data breaches, business interruptions, and reputational damage.Lack of financial resources and in-house expertise in cybersecurity contribute to the vulnerability of SMEs.SMEs need to prioritize cybersecurity, invest in employee training, and consider professional cybersecurity services to mitigate risks.