source code
In open source software, the source code is freely available. You do not have to pay any licensing and you are not tied to one supplier. If problems arise, they are quickly detected because the software is developed by many developers and many people use it. Therefore security patches can quickly be distributed.
TYPO3 is known as a very safe system.
Sharing knowledge
Bad ideas die out, good ideas are reused and further developed. Open source software grows organically. Often hundreds of developers working on a single system. The result usually has better quality than a single developer can never reach.
Not only a free source code is important but also that the development is supported by a broad community. The more people participate the sooner bugs are fixed.