Why Secure Your Server
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I assume you're using this guide because you, hopefully, already understand why good security is important. That is a heavy topic onto itself and breaking it down is out-of-scope for this guide. If you don't know the answer to that question, I advise you research it first.
At a high level, the second a device, like a server, is in the public domain -- i.e. visible to the outside world -- it becomes a target for bad-actors. An unsecured device is a playground for bad-actors who want access to your data, or to use your server as another node for their large-scale DDOS attacks.
What's worse is, without good security, you may never know if your server has been compromised. A bad-actor may have gained unauthorized access to your server and copied your data without changing anything, so you'd never know. Or your server may have been part of a DDOS attack, and you wouldn't know. Look at many of the large scale data breaches in the news -- the companies often did not discover the data leak or intrusion until long after the bad-actors were gone.
Contrary to popular belief, bad-actors don't always want to change something or . Sometimes they just want the data on your server for their data warehouses (there is big money in big data) or to covertly use your server for their nefarious purposes.