Recent increasing potential of cyber breaches as a risk source has grasped the attention of firms and scholars to investigate their implications and ways to mitigate. Corporate social responsibility (CSR) has emerged as a means of impression management that possibly can alleviate cyber risk consequences. Small and medium enterprises (SMEs) have a unique context to scrutinize this theme especially with their return on investment sensitivity and resource constraints. The research aims to analyze the impact of corporate social responsibility on cybersecurity from the perspective of stakeholders, identify suppliers' reactions to cybersecurity, and explore the implications for small and medium-sized enterprises considering cybersecurity risks, suppliers' responses, and customer relationships.   The study has demonstrated that there is a direct relationship between corporate social responsibility and perceptions of cybersecurity, as well as a direct relationship between cybersecurity risks and the balance of the supplier-customer relationship. Furthermore, there is an inverse relationship between cybersecurity risks and return on investment, and that corporate social responsibility and/or cybersecurity risks and/or supply chain interconnectivity have an impact on the performance of small and medium-sized enterprises.