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5 Reasons Why Your Business Needs Strong Network Security

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5 Reasons Why Your Business Needs Strong Network Security

Every company, no matter what their business, has vital data and information. Sensitive information like employee records, client contracts, and bank data are a part of every business. These sets of data are under constant threat, whether you realize it or not. If you are using the internet, which, let’s face it, you are, then you are left vulnerable. Many service providers offer 100 Mbps fast Internet and basic security tools for business as standard. You must have these too.

Unfortunately, more often than not, these security tools are not strong enough to deal with new threats. Cybercriminals, or ‘hackers’ are on the rise. There are countless attacks carried out every day, most of which, we never even hear about. Hackers rarely differentiate between businesses and individuals. The only way to defend yourself and your business are to invest in a good firewall network security.

Take a look at the 5 main reasons you need strong network security for your business.

5 Benefits to Your Business of A Strong Network Security

Cybercriminals, or people with malicious intent, have several ways they can attack your business’s privacy. There are malware attacks, denial of service (DOS) attacks, phishing, hijacking, and brute force attacks, to list a few. For any business, which uses the internet, it is imperative to have strong network security.

Here are 5 advantages businesses enjoy with heightened security protocols:

  1. Secure Data and Private Operation
  2. Security Compliance Requirements
  3. Cost Efficiency and Increased Productivity
  4. Controlling Employee Internet Usage
  5. Customer Satisfaction and Retention

#1. Secure Data and Private Operation

The most important advantage of increased network security for a business is that sensitive data stays private. In 2018, the UK suffered 4.5 million cyber-attacks. This is a staggering statistic. It roughly translates to 12,328 attacks every day. Just in the UK. Cybercriminals find weaknesses in network security protocols to access sensitive business data. The data they steal can be sold on the black market, like your employee records or client contact details.

Even if you feel your data wouldn’t be valuable to any hackers, don’t let your guard down. Even if your data isn’t valuable to hackers themselves, it is still valuable to you. If a cybercriminal gets into your network, they can deny you access to your own data. Then hold it for ransom. Companies like Maersk have lost Millions in revenue due to successful cyber-attacks.

#2. Security Compliance Requirements

Most governments around the world ask businesses to maintain a minimum cyber-security standard. Staying compliant with regulations can safeguard your business against potential lawsuits and fines. Avoiding these will save you countless dollars in legal fees and fines. Not to mention avoiding the negative publicity which usually follows such instances.

#3. Cost Efficiency and Increased Productivity

It is better to be proactive, rather than reactive. Loss of data can cost businesses a lot of money and countless hours in wasted time. In extreme cases, it can even result in bankruptcy. Hiring a consultancy team after an attack can be just as costly as the attack itself. Many companies are now investing in in-house security teams or bespoke firewall security systems. Safeguarding yourself before an attack is the best thing you can do. Imagine losing all your client contracts and logistics data overnight. If you fail to meet ransom demands, you could spend months trying to recoup your losses.

#4. Controlling Employee Internet Usage

Employee productivity has declined with increased social media and internet browsing trends. Using firewalls, businesses are able to deny employee access to specific websites. Discouraging usage of websites designed to waste precious on-duty time improves employee productivity. While there are some departments that need access to social media websites, most departments do not.

#5. Customer Satisfaction and Retention

For some clients, data security is vital. When you promote yourself as a company, which takes customer data security seriously, it positively affects your customer retention. Think about it; a company is more likely to hire a law firm with high data security. Most companies rely on legal confidentiality, for obvious reasons. If clients feel that their law firm does not take care of their sensitive data, they are less likely to refer you to any other clients. Also, they are more likely to find legal services elsewhere.

In today’s tech-based business atmosphere, your electronic data security protocols can determine your level of success. It is more feasible, and good business practice, to invest in higher security standards before you need them. Even if you don’t need to invest in an in-house team, it can’t hurt to call tnt att uverse service – if they are your service providers. Ask about the network security protocols they offer. A good firewall is like an insurance policy. Being protected, in case of an attack, gives you peace of mind.

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