Audio By Carbonatix
Cybersecurity, in today's hyper-connected world, has become a critical concern for organisations and individuals alike. With new threats constantly emerging and existing ones becoming more sophisticated, our increasing reliance on technology has opened unprecedented vulnerabilities and led to cyber threats that can potentially collapse entire networks and compromise sensitive information. Identifying and understanding the diverse range of these threats is paramount to developing effective defence strategies against them.

To begin with, the growing influence of attacks on an organisation's network database cannot be undermined. According to a statistical report from a Verizon Data Breach Investigation Report in 2023, data breaches increased by over 11% compared to the previous year, with nearly 80% of attacks linked to external actors. This highlights the significant and persistent threat posed by external entities seeking to exploit vulnerabilities in organizational systems.
Aside from confidentiality breaches, the financial loss caused by Cybersecurity breaches cannot be undermined. Cybersecurity Ventures Report, a cyber research and media organization, predicts that cybercrime is expected to cause $10.5 trillion in damages by 2025, a sharp rise from $3 trillion in 2015. This increase reflects the growing costs of data breaches, stolen funds, intellectual property theft, operational disruptions, and recovery efforts after attacks.
To curb this, it is crucial to identify the players who are adversely exploiting our reliance on technology for their personal gains, without thinking about the effects on their victims. These adversaries include but are not limited to individuals such as script kiddies with limited technical skills who leverage readily available tools to launch attacks, and insiders, employees or contractors with legitimate system access who abuse their privileges for malicious purposes.
Social engineers, who manipulate human psychology to deceive victims into divulging sensitive information or performing actions that compromise security, also pose a significant threat. Furthermore, hacktivists, driven by ideological or political motives, employ cyberattacks to promote their agendas. Cybercriminals, primarily motivated by financial gain, also engage in various cybercrimes, including ransomware and phishing.
Major players like Huawei in the technology industry are actively working to emphasize the importance of the cybersecurity landscape. Since it deliberately started its cyber security journey in 1999 when it published its first set of security technical regulations, Huawei has constantly placed a strong emphasis on the security of its products and services. This has often included rigorous security testing, vulnerability assessments, and regular security updates to address potential threats.
However, to directly address cyber security threats, Huawei has proactively established the Cyber Security Verification Lab, which is independent of its business, to conduct independent security testing on Huawei products and provide verification reports that fully detail the quality and security capability of its products. In addition, this Lab is also open to Huawei customers and governments for them to validate the security of their products.
In an era where data is the new currency, securing information and systems is essential for survival. Given the diverse range of cyber threats, governments, businesses, and individuals must include cybersecurity as a core part of their risk management strategy, especially as more devices and systems connect to the internet.
Latest Stories
-
Betway delivers solar-powered solution in Ayensuano District
1 hour -
CMS-UG to mark 20 years of leadership in migration scholarship and partnerships in 2026
2 hours -
Misconception on survey sponsorship by respondents likely to affect research credibility — Richard Adjadeh
2 hours -
The challenges of embracing new energy: Rural Ahafo women on Ghana’s clean energy transition
2 hours -
Joy FM Festival of Nine Lessons and Carols ends with music, worship and thanksgiving
3 hours -
GRA locks up Osu’s Cloud 9 Pub over non-payment of taxes
3 hours -
GPL 25/26: Hearts pip Nations to return to winning ways
4 hours -
GES dismisses claims of ‘secret recruitment’ and bribery allegations
4 hours -
UTNMG condemns alleged financial exploitation at Bolgatanga Nurses’ Training College
4 hours -
Ghana Prisons Service launches ‘Think Prison 360 Degrees’ initiative in Eastern Region
4 hours -
He was a legend – NPP pays tribute to Daddy Lumba
4 hours -
President Mahama arrives in Nigeria for 68th ECOWAS Heads of State Summit
5 hours -
One dead, 3 injured in Juaboso-Bonsu Nkwanta road accident
5 hours -
Awerco Construction denies claims World Bank cancelled Weija Paediatric hospital contract
5 hours -
Photos: Ghana Prisons Service launches “Think Prison 360 Degrees” initiative
5 hours
