Did you know that over 50% of all cyber attacks are perpetrated against SMBs?
That’s why it’s so important having sound security measures in place that will help to protect your organization’s computer networks. But, it doesn’t stop there, you need to be proactive and continue to make sure your network and all your connected devices are not vulnerable.
In this article, we will examine eight essential reasons why network security is important and how having strong network security in place benefits your business.
What is Network Security?
Basically, network security is the process of taking the necessary security steps and measures to protect your networking infrastructure from unauthorized access , malfunction, misuse and other volatile risks.
By implementing stringent security protocols, you can create a safe and secure environment for your employees that will enable them to perform their tasks diligently without any security breaches to worry about.
To set up this safe environment, you need a solid plan, available security solutions and proactive monitoring measures that are implemented by expert IT staff.
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Why Is Network Security Important?
Whether you are a small or medium business, you need to have security measures in place to protect your business and keep your sensitive data secure.
On average, a malware attack costs a company over $2.5 million (including the time needed to resolve the attack).
Having a robust secure network will help your business reduce the risk of falling victim to data loss and sabotage. However, you need to remember that your business is not immune to security breaches , but by being prepared you can reduce the risk of cyber incidents.
Your network security infrastructure can provide your business with many layers of vital protection from several harmful threats. So, it is important to have at least the basic level of protection or an improved network that can keep your business up and running.
8 Reasons Why Network Security Is Important Absolutely Essential
1. Protecting Your Own Sensitive Data
As a business, the integrity of your data is of the utmost importance and needs to be protected at all costs. A secure network connection coupled with proactive security solutions is proven to be the best way to prevent data loss.
Network security solutions typically include effective measures such as multi-factor authentication MFA), proactive network monitoring (done by experts working out of a SOC) and proper firewall management, just to name a few.
2. Keeping Your Client’s Data Safe
If you are a medical clinic, accounting firm or business that stores customer data, then it is your responsibility to ensure it is well protected and out of the hands of hackers and unauthorized users . Failure to do so could result in lost reputation, clients leaving for your competitor and even lawsuits.
Protecting your client’s data works exactly the same as protecting your own data. Implementing network security solutions like log traffic monitoring, intrusion detection systems and all of the appropriate preventative measures (like MFA, software patching, security awareness training, etc.) is the best way to ensure your customer data is fully protected.
3. Many Industries Require Network Security Measures
As a business you naturally want to protect your sensitive data, but if you are a specific business like a medical organization then you are obligated to have a secure network to meet medical regulations. There are stringent requirements to follow, make sure you do.
Some industries require backups of all client data, disaster recovery methods in place, and all reasonable precautions in place as well (like safe password policies, data encryption and strict information sharing rules).
4. Improved Network Performance
Having a network connection that is safe and secure will do more than just protect your business, it will also help to make sure it runs smoothly. If you have a system that is agile and not bogged down by redundant tools it can provide greater efficiency.
When network problems fail to persist, network solutions take their place. With fewer interruptions from compromised systems, less network intrusions and overall less downtime, your network efficiency will see a massive uptick (as will your business’ productivity).
5. Cyber Insurance Often Requires Increased Protection to Qualify for a Payout
Cyber insurance is an important part of any organization’s risk management and safety protocols.
The increased strictness of cyber insurance policies may initially seem burdensome, but have one important purpose: to ensure that you are taking the necessary steps to protect your data and systems from malicious actors. Companies that do not take the appropriate measures can be left without protection if a breach occurs, leaving them without having any recourse for their financial losses. Investing in the right digital security solutions prior to acquiring cyber insurance has become essential in order to qualify for adequate coverage.
Data breaches pose real risks and the only way to mitigate them is with comprehensive protection—combining data security solutions, employee training, and an adequate cyber insurance policy.
6. Cyber Attacks are Now More Frequent
As networks grow and 5G becomes the norm, networks become more vulnerable as sometimes the security in place is not sufficient enough. 66% of small to medium-sized businesses have experienced a cyber attack in the past 12 months.
And with plenty of SMBs never recovering from most cyberattacks and being forced to close down forever , the importance of network security couldn’t be more pronounced.
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7. If You Don’t Protect Networks it Can Be Costly
With all the security breaches and cyber crime going on, it has become evident that if you do not have a solid network security infrastructure, it could cost you a lot of money if you were to be hacked or someone had access control to your network.
The cost of having to repair the immediate damage from a cyber attack can rise up into the millions (depending on your business’ size and value of your stored data).
So, pay the money upfront for an improved network, it will surely save you in the long run.
8. A Network Security Breach Can Harm Your Reputation
No matter what type of business you are in, your reputation needs to always be intact. So, it is important for you to make sure you protect your brand and your integrity. If not, you could lose valuable clients and loss in revenue.
Network security is important , for this reason and the many others discussed above. Depending on the types of network you have, make sure you have the necessary security measures and tools in place to keep you safe from reputational damage.
Why Do We Need Network Security? Executech Knows Why
You may already have a company network plan in place or may even be considering upgrading it. Whatever stage you are at, it is worth your while to speak to an industry expert. The right advice can make all the difference.
As an award-winning network security services provider, Executech security professionals have experience with the various types of network vulnerabilities. You’ll get access to the services and robust products you need to enhance network protection.
For more information about how we can secure your network, contact us today to schedule a free consultation.
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