# Ensure default deny firewall policy
iptables -P INPUT DROP
iptables -P OUTPUT DROP
iptables -P FORWARD DROP
# Ensure loopback traffic is configured
iptables -A INPUT -i lo -j ACCEPT
iptables -A OUTPUT -o lo -j ACCEPT
iptables -A INPUT -s 127.0.0.0/8 -j DROP
# Ensure outbound and established connections are configured
iptables -A OUTPUT -p tcp -m state --state NEW,ESTABLISHED -j ACCEPT
iptables -A OUTPUT -p udp -m state --state NEW,ESTABLISHED -j ACCEPT
iptables -A OUTPUT -p icmp -m state --state NEW,ESTABLISHED -j ACCEPT
iptables -A INPUT -p tcp -m state --state ESTABLISHED -j ACCEPT
iptables -A INPUT -p udp -m state --state ESTABLISHED -j ACCEPT
iptables -A INPUT -p icmp -m state --state ESTABLISHED -j ACCEPT
# Open inbound ssh(tcp port 22) connections
iptables -A INPUT -p tcp --dport 22 -m state --state NEW -j ACCEPT
References
[1] Center for Internet Security - CIS Red Hat Enterprise Linux 6 Benchmark v2.0.1