Dim, Nov 24, 2024

How important is Network Security nowadays?

How important is Network Security nowadays?

By Constantinos Savva, Director of Infinity Grape

A network security strategy protects network infrastructure from unauthorized access, misuse, malfunction, modification, destruction, or improper disclosure by taking preventative measures. Although no network is immune to attacks, a stable and efficient network security system helps protect client data from theft and sabotage. Like a fence around private land or a lock on a door, network security manages access to a network by stopping various threats from entering and spreading through a system.

Network security also ensures that shared data remains secure and protects your workstations from harmful spyware. Network security aims to save files, documents, and information from these attacks. The intruder is not interested in a business's data but in its importance for the business operation. A combination of hardware devices such as firewalls and anti-malware software applications and security policies are required to secure a network. Network security is more critical than ever before, especially in businesses. The reason is simple. People are working from anywhere, and therefore the resources are now exposed, and their security can be tricky. Nowadays, more and more have suffered from Ransomware, which an attack encrypts your data. Therefore, a good backup plan can help you restore your data without being affected by these attacks—the backup plan is considered part of the network and data security plan.

Some standard network security techniques for small organizations include:

1. Firm Password-protection Policy for computers and mobile devices

2. Two or multi-factor authentication enabled

3. Next-Generation Firewalls are a must.

4. Data Encryption

5. Separating Internal from Guest network.

6. Always keep your systems and resources up to date.

7. Anti-virus and anti-malware software that prevents unwanted or malicious "viruses" from infecting your devices, usually in the form of bought software suites.

8. Data Loss prevention Softwares

9. Cloud-based storage security allows applications to scan your cloud data and keep them secure.

Most organizations already have a combination of these IT features in place, if not a little bit of each. As public pressure grows on problems like data privacy and the use of personal data (GDPR), your company's digital ethics must adapt to keep up. Every company that keeps data has to audit data and metadata in a security breach. Furthermore, network security is critical because we live in a digital-first world.

The following points are some of the things that network security prevents:

  •  Cyberattacks can disrupt business as usual, putting everything from financial data and inventory interruptions to a complete digital shutdown in danger;
  •  Data Loss during a cyberattack;
  •  Fines and Legal Consequences: In addition to accurately disclosing the scope and depth of a cyberattack, your company may be subject to government-mandated "mishandling" fines, as well as the loss of compliance or standard certifications;
  •  Overall Business Loss: Few customers would trust a corporation whose reputation is being tainted by digital mismanagement. This reputation directly impacts your bottom line and capacity to stay in business.

Aside from mitigating the data breaches and intrusions mentioned above, network security benefits help to strengthen your entire firm. Some of the advantages of network security are:
1. Saves Money: In business, proactive rather than reactive is always more cost-effective. Risking an insecure network could result in lost revenue, compliance penalties, legal bills, corporate fines, and much more - a nightmare scenario for your bottom line.
2. Saves Time: Any data loss or shadow IT activity will directly impact your company's productivity, services, and future growth.
3. Increases Productivity, Efficiency, and Manageability
4. Improves Compliance: Most sectors now have a regulatory agency that sets cybersecurity laws and procedures. Improving network security helps you to be more compliant.
5. Minimizes catastrophic data events
6. Enables a more secure modern workplace

There are numerous steps your business can take right now to protect and boost network security. Cybersecurity is a "must-have" for businesses, and it must be part of a business budget. A comprehensive cybersecurity program is a modest investment to pay for the peace of mind that comes with knowing your business is better protected. Infinity Grape can be a valuable assistant on that. Do not hesitate to contact us to find out more information about our Security and Disaster recovery plans.

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