![]() Network security is so important that several organizations focus on instituting and sharing strategies on how to adapt to modern threats. Violations of these regulations can lead to fines, bans and possible jail time. For example, medical organizations in the United States are required to comply with the regulations of the Health Insurance Portability and Accountability Act ( HIPAA), and organizations in the European Union that deal with citizens’ data must follow the General Data Protection Regulation ( GDPR). Many governments require businesses to comply with data security regulations that cover aspects of network security. The loss of a company’s ideas, inventions and products can lead to loss of business and competitive advantages. Organizations can also have their own intellectual property stolen, which is costly. Financial risk for compromised intellectual property.IBM’s “Cost of a Data Breach 2022 Report,” which was conducted by Ponemon Institute, reported the average cost of a data breach rose to $4.35 million in 2022 from $4.24 million in 2021. Data breaches and exposure also can ruin a company’s reputation and expose it to lawsuits. Exposure can cost the victims money in fines, restitution and repairing compromised devices. Organizations that handle PII, such as Social Security numbers and passwords, are required to keep it safe. Data breaches can be expensive for both individuals and businesses. Financial risks for compromised personally identifiable information (PII).Business also rely on networks for most internal and external communication. Businesses and personal networks depend on devices and software that cannot operate effectively when compromised by viruses, malware and cyber attacks. An organization without adequate network security risks disruption of its operations. The following are four of the most important reasons why protecting networks and the data they hold is important: When hackers get hold of such data, they can cause a variety of problems, including identity theft, stolen assets and reputational harm. Network security is critical because it prevents cybercriminals from gaining access to valuable data and sensitive information. A firewall is a key network security device used to protect a corporate network. No matter the specific method or enterprise security strategy, security is usually framed as everyone’s responsibility because every user on the network represents a possible vulnerability in that network. Security methods must evolve as threat actors create new attack methods on these increasingly complex networks. Security becomes more important as networks grow more complex and enterprises rely more on their networks and data to conduct business. Network security involves the use of a variety of software and hardware tools on a network or as software as a service. Many of these devices are susceptible to potential attackers. ![]() Successful network security strategies employ multiple security solutions to protect users and organizations from malware and cyber attacks, like distributed denial of service.Ī network is composed of interconnected devices, such as computers, servers and wireless networks. Network security is important because it keeps sensitive data safe from cyber attacks and ensures the network is usable and trustworthy.
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