The Balancing Act:
In the quest for innovation, startups often thrive on a culture of openness and collaboration. This necessitates a free flow of knowledge. However, this openness can be a double-edged sword. On one hand, it fosters innovation and agility. On the other, it can expose your startup to security risks. According to a report by IBM, the average cost of a data breach in 2020 was $3.86 million. A hefty price to pay for any company, let alone a startup.