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A Hardware Firewall is a physical device that is connected between your computer and the modem.  Like a software firewall that runs as software on your computer, a hardware firewall is designed to prevent unauthorized users from gaining access to your computer network and from monitoring the transfers of data to and from the computer. 

A computer router is a device in a network that handles message transfer between computers.  Some routers provide hardware firewall capabilities.

For maximum Internet security, consider implementing both a software and hardware firewall (as depicted in this diagram).

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