Experts project global cybercrime to inflict $8 trillion in damages in 2023. Come 2025; they forecast that to grow to a whopping $10.5 trillion.
Your firm can become the next victim of such crimes without proper network security.
To that end, we created this guide on the top benefits of network security management. So, read on to discover how crucial it is for your organization.
Protects Against Cyber Threats
A network consists of interconnected desktops, laptops, mobile devices, servers, and wireless networks. All these components, in turn, are vulnerable to attacks or intrusions.
Such threats include malware infections and distributed denial of service (DDoS) attacks. They can steal and expose sensitive data or render your entire network inaccessible.
Network security management aims to prevent such threats through multi-layered security protocols. Examples include network and security assessments, 24/7 monitoring, firewalls, and anti-malware. Other IT services in this area include security awareness training and email encryption.
Immediate Response to Intrusions or Attacks
Even the best network security services can’t eradicate all cybersecurity risks. Thus, a secure network can still experience an attack or intrusion.
However, bear in mind that network security management involves round-the-clock monitoring. This allows for faster detection of attacks and intrusions. Once detected, the security team immediately contains, isolates, disables, and removes the threat.
That immediate response can then minimize downtime after a network attack. The sooner your network can go back online, the fewer disruptions and losses your firm must deal with.
Can Boost Company Morale and Productivity
In September 2021 alone, over 4 million U.S. workers quit their jobs. There were many reasons cited, with frustration over workplace tech being one of them.
A non-secure network can contribute to such woes, as it can be more prone to malware infections. These security issues, in turn, can cause hardware and software to fail. When that happens, productivity drops, and workers feel stressed and anxious.
Since network security protects against malware, it can also help prevent IT issues. That can then help boost company morale as employees can stay productive.
Helps Increase Profits
A highly secure network can help with profitability by cutting downtime costs. After all, a single downtime can cost an average of $1,410 to $1,467 per minute.
Also, the more productive a workforce is, the more profits a company generates. So your firm’s network security also affects its profitability.
Don’t forget that consumers nowadays are becoming increasingly wary of data breaches. Indeed, 55% of people in the U.S. said they might stop doing business with a brand victimized by a cyber attack.
Thus, prioritizing cybersecurity can help make your firm more trustworthy. This can then help it secure more paying clients.
Invest in Network Security Management Today
Here’s one last statistic to remember: About 6 in 10 firms hit by a data breach go bankrupt within half a year.
That’s another reason to invest in network security management ASAP. The sooner you do, the sooner you can protect your data and reap all other benefits of a secure network.
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