Understanding the Importance of Network Security

In an increasingly interconnected digital landscape, the importance of network security cannot be over emphasized. While businesses of all sizes are constantly at risk of cyber attack, it has been shown that small businesses often face more social engineering attacks (like phishing) than big companies do—about 350% more, underscoring the importance of taylored digital defenses for businesses of every size.

“When it comes to cyber security planning, complacency is a precursor to disaster. Companies of every size need to take network security seriously. In most cases, they should enlist the help of experienced professionals to assess their risks and their current defenses and, in the vast majority of cases, develop a plan for improvement. It’s human nature to think that: “It will never happen to me” or, if it does, that “There was nothing I could have done to prevent it or mitigate the damage”. But neither is true – and companies ignore that reality at their peril ” ~George Terrone, Co-Founder of ITSco

This stark reality underscores why understanding the importance of network security is not just beneficial—it’s imperative for any business to succeed.

With this backdrop, we will review some of the most important factors underpinning the critical need for robust network security, to help inform your company’s discussions on this important subject.

1. Mitigating Risks of Cyber Attacks

Every online business, regardless of size or industry, is a potential target for cybercriminals. The Verizon 2020 Data Breach Investigations Report indicates that 28% of breaches involved small businesses, debunking the myth that smaller entities are not on hackers’ radars.

Network security helps defend against a wide range of cyber threats, including malware, ransomware, phishing attacks, and denial-of-service (DoS) attacks. By deploying firewalls, antivirus software, intrusion detection/prevention systems (IDS/IPS), and other security controls, organizations can detect and mitigate security threats before they can cause harm to IT systems, networks, and data.

Adopting a comprehensive security strategy can help shield your business from the dire consequences of cyber threats, maintaining business continuity and ensuring that critical services remain accessible to employees and customers.