Its very important to firewall your server if its directly connected to an untrusted network.
I put together this sample for my box by using this helpful iptables tutorial.
This configuration allows any outbound traffic, and inbound requests only on ports 25, 80, 110, 443, and 37530. Everything else gets sent to the LOGNDROP rules which log the attempts on syslog, but no more than 5 per minute, and then discards the packets.
