As discussed in Part 1, businesses should strengthen their network security without delay, given the fact that more than 50% of cyberattacks are focused on private companies. Part 2 will discuss Why Your Company Needs Network Security.

Why Your Company Needs Network Security

Properly implemented network security allows businesses to securely deliver goods and services to the expectations of customers and clients. As public awareness grows with respect to their data privacy and personal data, a company’s digital ethics must also evolve.

In today’s digital-first world, an increasing number of people fully expect information, services, and transactions to be easily and almost instantly available at any time and location. Businesses unable to keep up with these demands will lose customers and clients to companies that can.

Important Statistics

• More than half of internet traffic is now carried by mobile devices

• 56% of internet traffic is initiated by automated sources such as bots, hackers, impersonators, and spammers

• Almost 73% of cyberattacks are carried out for money, including ransomware

• About 4,000 ransomware attacks occur daily

• One out of every 131 e-mails carries malware

• About 46% of consumers will never do business again after a substandard or suspicious digital experience

Strong network security will help deter the above cyber threats, and prevent your business from suffering the business losses described below.

Prevention of Business Losses

Business Downtime – The most minor of cyberattacks have the potential of disrupting business operations, resulting in downtime and economic losses.

Compromised Data – When sensitive business or consumer information is compromised, operations may have to be shut down for an extended period to recover.

Legal Ramifications – Along with being required to publicly report the extent of a cyberattack, your company may be subject to government fines and civil lawsuits for improperly handling data, which could lead to losing certifications of compliance.

Tarnished Reputation – Consumers mistrust organizations that have a record of digital mismanagement. A bad reputation will lead to economic losses that may ultimately impact a company’s viability.

Alpha Engineering Business Support

Choosing an expert computer technology-support provider is an important decision for your business. Alpha Engineering Associates has been a trusted partner of many companies in the Washington, D.C., Baltimore, and Annapolis areas since 1990. For affordable client-focused network consulting services and solutions, please call Alpha Engineering Associates today at (410) 295-9500.