Can Network Security Protect Financial Loss?

Can Network Security Protect Financial Loss?

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Can Network Security Protect Financial Loss?

Network security is a must when dealing with any business or organization. Sensitive data or information is the last thing you want seeping out to those who will abuse it. This breach of data not only harms customers but can severely harm your business. Not only can your business suffer a reputation blow but a financial blow as well. Therefore, yes, network security can definitely protect your company from financial loss. Here’s how network security can protect you from financial loss and what you should be doing to ensure the best network security possible.


When someone’s data is leaked from your company, your business is liable. This means your company could get caught up in lawsuits pertaining to data leakage. Data leakages can result when there is a lack of network security. Don’t put your business in a position that can result in a lawsuit as this is the quickest way to have large financial losses.

Viruses and Other System Attacks

When your systems have inadequate network security, they can allow things such as viruses and other system attacks. This can result, not only in data breaches as discussed above but, they also result in time loss. When work has to halt to repair system attacks and issues, there is a financial loss.

Ensuring Strong Network Security

There are a few steps you can take to ensure your network security is as secure as possible.

Have Strong Passwords – It can be easy to get stuck in using passwords that are easy for us to remember. However, if it’s easy for you to remember, it most likely is easy to get past. Try to use passwords that fall away from passwords you were used to using in high school and find a way to keep a reminder.

FirewallBusiness Insider states that “A firewall protects your network by controlling internet traffic coming into and flowing out of your business.” Therefore, it acts as a security guard at the door of your company’s technology.

Secure Any Mobile Devices – This means phones, laptops, tablets, etc. All of these can be just as easily breached and are often times overlooked. Using mobile devices in and for the workplace is increasing in popularity. Therefore, keeping an eye on your company’s security through these mobile devices is a must.

Antivirus Programs – Every computer and device in connection with your business should be equipped with an antivirus program. It’s extremely easy to pick up viruses and other harmful malware just by opening harmless emails. It’s one of the easiest issues to avoid by having basic antivirus programs in place.

Network security is nonstop, protecting your company or business from many harmful issues. However, financial loss definitely falls into one of those aspects it’s constantly protecting. Having great network security isn’t difficult with all the technology available in this day and age. Don’t put your company or business at risk simply due to weak network security. Be prepared and protect yourself from financial loss.

Steve Boullianne, High school drop-out. College drop-out. A go-go dancer in Amsterdam. LOVED computers, programmed satellites for AT&T. Founded IPSOFACTO in 1996, Y2K boom, Dot-Com boom, 2.0 boom. Likes his smallish company and human relationships; not into big anonymous IT. Loves to tell jokes. Loves and Hates technology; pick up the phone, ok? Thinks on line hook up sites have saved the world from AIDS and DateRape. Thinks his kids are better collaborators and world leaders thanks to video games. Is still a hip-hop dancer; is NOT a Brony. Loves San Francisco; Hates the homeless crisis. Tells young people to buy real estate, as soon as possible. Don’t rent. Hopes his final years are spent handing out blankets, food, clothes, and medical supplies.