It is, therefore, critical to protecting your login credentials so that third parties do not have access to it. As a startup, the onus is on you to ensure that you take good care of any data you collect. They resort to using free or consumer-grade measures to protect themselves. 1/3 of such companies will not spend money on cybersecurity. Yet only 40% of small businesses believe they are at risk. A 2021 report shows that there was a 424% increase in cyber-attacks targeting small businesses. The business owners may also not allocate sufficient time to upgrade whatever systems they have in place. Do you want to know why? It could be due to the fact that such companies do not have the financial might to pay for advanced cybersecurity measures. Actually, small and medium businesses are a major target.
There is no source of data, big or small, that cybercriminals cannot use to their advantage. Hackers only target big corporations or established companies, right? Well, dispel that thought right now because the answer is a resounding no. 3 Benefits of Safeguarding Login Data for Startup Businesses
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