During COVID-19 pandemic, there has been unprecedented increase in the number of employees working outside an organisations IT infrastructure due to the use of personal devices. The scale and sophistication of cyberattacks also continue to increase post-COVID-19 and it has become critical for SMEs (Small and Medium Sized Enterprises) to safeguard their information and IT assets. COVID19 proved to be a major catalyst for the adoption of digital approaches to remote working that many organisations did not previously believe to be feasible. The systems are becoming increasingly exposed to cyber-attacks as a result of remote access technology and cloud networks. The literature points to a gap in the existing knowledge to address the cybersecurity requirements for SMEs in India working in a virtual setup. The purpose of this paper is to develop a cybersecurity evaluation model (CSEM) that can be leveraged by SMEs which will eventually help them assess their cyber-risk portfolio. Based on the research project and the methodology used in the past for similar research, a quantitative approach will be chosen for this research. This research requires the researcher to roll out an online survey, which will enable the participants to evaluate cybersecurity risks by responding to the survey questionnaire. Analysing and implementing a CSEM will not only assist SMEs in identifying their strengths and weaknesses but will also include simple best practice guidelines for effectively plugging their cybersecurity flaws while working remotely.