In today’s digital world, where technology plays an integral role in your business operations, the importance of network security cannot be understated.
Why is network security important for small to medium businesses especially?
With the increasing number of 43% of all cyber attacks now being targeted at SMBs, it’s essential to be proactive in protecting your network from potential threats.
In this blog, we’ll take a look at the importance of network security for businesses of all sizes and how to perfect your cyber security posture end-to-end with the help of a managed IT provider.
Understanding the Importance of Network Security through the Rise of Cybercrime
Cybercrime is on the rise, with the number of cyber attacks steadily increasing every year.
Image Credit: Cybercrime Magazine
And according to a recent study, the average cost of a data breach for a small business ranges anywhere from $120,000 to $1.24 million.
These numbers are staggering and highlight the importance of network security systems in ensuring the long-term survival of your business.
But why do we need network security aside from the digital protection it can offer?
Here are some reasons why network security is important for your continued success.
Why Do We Need Network Security? 6 Key Reasons
1. Protecting Confidential Information
As a business, you deal with sensitive and confidential information, such as customer data, financial information, and intellectual property.
So, why is network security important and what role does it play in protecting your sensitive data?
In today’s world, where cyber threats are on the rise, network security is not just a good business practice; it is a requirement for businesses to operate safely and efficiently. MSPs can provide network security services to protect your network from unauthorized access and cyber attacks.
Types of network security services can range from:
- Firewall management
- Vulnerability testing
- Access control management
- Intrusion prevention systems
- Virtual private network (VPN) management
- 24/7/365 system monitoring
- Anti-malware software implementation
- And more
Check out these additional resources to learn more about the benefits of working with an IT company to ensure security across your computer networks!
2. Avoiding Downtime
A cyber attack can cause significant downtime, which can affect everything from the overall efficiency of your core business operations to your reputation amongst customers.
The importance of network security in minimizing downtime cannot be understated – especially considering that the average cost of downtime for SMBs now stands at over $427 per minute.
An IT partner can perform regular maintenance on your systems to ensure that they are operating efficiently and effectively. This includes tasks such as updating software, patching security vulnerabilities, and optimizing system performance.
3. Satisfying Regulatory Standards
Your business likely has regulatory requirements that you must adhere to. Network security ensures that your business meets these requirements, avoiding potential fines and legal action.
IT companies can help ensure that your business meets compliance requirements for data protection, such as HIPAA or GDPR. This includes risk assessments, policy development, and regular audits to ensure that your business is compliant with industry regulations.
4. Maintaining Customer Trust
Given today’s landscape, where cyber threats are on the rise, network security is not just an extra precaution: it is essential in maintaining customer trust and loyalty.
Customers trust you as a business to keep their personal and financial information safe, and a data breach can erode that trust.
By implementing strong information security measures, your organization can demonstrate its commitment to protecting customers’ shared data.
5. Heightened Expertise
MSPs offer better access to expertise than in-house teams for network security protection.
This is because they have teams of experts with specialized skills and knowledge, experience working with different types of businesses and IT systems, and access to industry standards and best practices to help you perfect your network security posture.
By partnering with an IT company, you can leverage their expertise and experience to ensure that your network security is managed efficiently and effectively, reducing the risk of security breaches significantly.
Why do we need network security to remain cost-efficient? The short answer is that hiring an in-house IT team to manage your network security can be costly.
Partnering with a network security provider can be a cost-effective option, as you only pay for the services you need while being able to leverage top-tier expertise and resources at a fraction of the cost it would be for you to invest in them internally.
Network security providers can also offer customized solutions tailored to your business’s specific needs.
From assessing your network’s vulnerabilities to creating a security plan that meets your business’s unique requirements, InfoTECH can help find tailored solutions that suit your budget.
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Leverage the Benefits of Network Security with InfoTECH
Protecting confidential information, avoiding downtime, meeting regulatory compliance, and maintaining customer trust are all essential reasons why network security is important for your continued success.
By securing your network with a reliable IT security provider like InfoTECH Solutions, you can protect your business’s assets and reputation, ensuring your continued success in the future.
Our account-specific engineers provide proactive monitoring and maintenance of your computer networks to ensure your business is safe and running smoothly 24/7.
Learn more about how we can ensure your protection with our 17+ years of industry experience – get your free vulnerability assessment today.