In this era of digitisation, no organization is completely protected from cyberattacks. Every day, more than 30,000 websites are hacked around the world, with the majority of these attacks targeting small and medium-sized businesses. In spite of the fact that 51% of SMEs do not use cyber security measures, believing they are too small to be hacked, the typical ransom paid by mid-size organizations in 2021 was an astounding $170,404. To safeguard data, avert financial…