NodeJS provides an asynchronous, event-driven JavaScript runtime that allows JavaScript code to execute outside of a browser. While NodeJS has performance advantages over traditional platforms, it also has security risks due to JavaScript's global namespace, the ability to execute code dynamically via eval and other functions, and the fact that NodeJS processes run with elevated privileges by default. Developers must follow secure coding guidelines and use security frameworks to avoid exploits related to namespace pollution, runtime privilege escalation, cross-site scripting, and denial of service attacks. When used properly, NodeJS can provide a fast, scalable platform for building web applications and services.