Starting your own business can be challenging, but it doesn’t end there because managing it to its success also entails many hurdles. You will face several problems, including financial setbacks, and there are various causes to these. Some of them are fraud, employee turnover, and poor decisions made. However, you can do something to avoid these financial risks and help your business be more secure. Every organization is exposed to risk, particularly security concerns. Whether you have valuable internal data such as trade secrets or intellectual property, consumer data such as credit card information, or even employees' personal health records, such information is a target for cybercriminals.At the same time, that information is critical to your company's operations and success, so safeguarding it should always be a top concern. And, when firms pursue digital transformation or remote operations - a tendency hastened by the pandemic – implementing cyber risk mitigation measures has never been more critical.In this piece, we'll go over the different sorts of hazards that businesses encounter, as well as recommended practices for managing and preventing such risks.