IP Security (IPsec) is a suite of protocols designed to provide data authentication, integrity, and confidentiality across IP networks. It utilizes components such as the Encapsulating Security Payload (ESP) for encryption, the Authentication Header (AH) for integrity, and the Internet Key Exchange (IKE) for secure key management. IPsec can secure communication by encrypting data, authenticating senders, and establishing secure tunnels, commonly used in Virtual Private Networks (VPNs).