So far I have the following setup:

hosts.deny:

ALL:ALL

hosts.allow:

ALL: my_work.domain

My intention is to prevent everyone from the 'outside' from reaching my box.  I 
do realize that anyone in my_work.domain would also be able to get at it.

It is my understanding that this will prevent anyone not in my_work.domain from 
getting to my box with telnet, ftp, etc.  Is this correct?  Is this secure?  If 
this is indeed correct could someone tell me why I would need/want a firewall 
and/or what benefit it would provide me over what I already have setup?  More 
specifically how does a firewall differ from using the hosts.allow/hosts.deny 
files as I described above.

Appreciate any advice on this...

Bill

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