Network security is important for protecting companies and users from various threats. There are many types of network security attacks, including malware, social engineering, and insider threats. These attacks can have major impacts on companies like reduced transactions and stock prices following breaches. Strategies to improve security include using VPNs, cryptography, firewalls, intrusion detection systems, and penetration testing. With greater awareness and education, network security benefits companies through enhanced reputation and protection of valuable information.