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The current article provides a literature review on cybersecurity best practices used by small and medium-sized enterprises (SMEs) around the world. Through the assessment of academic literature, institutional reports, and case studies from Latin America, Europe and Asia, the article explores the best cybersecurity practices adopted by SMEs. The best cybersecurity practices identified were: password management; constant user training; enforce regular data backups; and, using cybersecurity regulations like ISO/IEC 27001, and NIST. In addition, the article critically analyzed success factors like executive leadership, availability of scaled resources, and working with cybersecurity institutions. Overall, while SMEs often have limited resources, it was determined that the many ways they can enhance their cybersecurity posture are strategic and easily accessibility. The article concludes with practical strength recommendations and public policy recommendations for enabling SMEs to assist their secure digital transformation.