43% of security attacks target small businesses; 60% of small businesses close within six months of cyberattacks. Small startups can face dire consequences of a cyberattack: loss of critical and sensitive data of customers, employees, third parties, and the company’s downtime, resulting in loss of employee and organizational productivity. The list of types of cyber attacks keeps growing, with new security attacks surfacing every year. Here are the proactive steps you must take to mitigate the risks: familiarize yourself with the most common ones like phishing and spear-phishing.
Source: https://thehackernews.com/2021/01/importance-of-application-security-and.html