Network security isn’t always the first thing you think of when it comes to important items on your to-do list at work. However, with the rapid increase of cyber crimes and data breaches affecting businesses and systems across the globe, it’s critical that you understand the value of network security in your business. Here are 5 reasons network security is important to your business.
1. Your Data is Your Business Most Important Asset
Your data is your business most important asset. Nearly every business, from huge corporations to mom and pop shops, rely on computers and phones to house their personal and customer data. Without adequate security to protect your network and systems, you’re putting your most valuable asset at risk, which can have catastrophic consequences if it is compromised or stolen.
2. Identity Theft
Identity theft is one of the fastest growing crimes in 2016. Almost everyone knows someone who has had their identity stolen, and often when business data is breached, it’s final destination is unlawful sites where the personal information is either dispersed or sold to be used by id thieves. Strong network security is vitally important to ensure this information remains secure and is unlikely to be stolen in the first place.
3. Compromised Customers
If losing your internal business data isn’t bad enough, having customer data compromised is even worse. A number of high profile data breaches have caused bad press for large companies. Having customer data breached is more than just an IT issue. It can damage your organization’s reputation leading to a loss of customer confidence, and be extremely costly to cover identity protection services for affected customers and other potential services needed after a system breach.
4. Network Security Saves Long Term
Network security is a good long-term investment for your business. It may cost more up front, but over time, having to fight fires and dealing with numerous IT security issues will easily outweigh the cost of investing in a good network security plan and infrastructure improvements to support it. It can also save you from costly interruptions in service from things like DDOS and ransomware attacks.
5. Network Security provides Business Security
Having proper network security in place can give you (and your customers) the peace of mind that you’ll be able to focus your time and energy on other things besides IT security issues. You can conduct business with the confidence that your data and systems are well protected against outside intrusions.
Network security is becoming more and more important for companies and business owners to recognize and do something about. It can prevent costly losses, and help organizations run with a lower risk of major IT security issues. If you haven’t given much thought to your network security, now is the time to start and reach out to a trusted partner who can assist in answering your questions.