Ben Tagoe, VP Africa of Cyberteq Falcon a leading cybersecurity company in Ghana, has admonished internet users about the core components of cybersecurity attacks including the relationship between threats, vulnerabilities, and risks in the cybersecurity industry.
According to Mr. Tagoe, vulnerabilities are weaknesses or flaws in systems, applications, networks, or business processes that can be exploited by threat actors, such as hackers, malware, or insiders. Threats are individuals or events that seek to take advantage of these vulnerabilities for malicious purposes, such as stealing data, disrupting services, or extorting money. Risks are the estimated impact and likelihood of an exploit on an organization’s finances, network system, or operations.
Tagoe cites a report by IBM that shows that the average high-profile data breach cost in 2020 was $3.86 million, representing a 1.5% increase from the previous year. He emphasised the importance of understanding threats and vulnerabilities and performing comprehensive risk assessments to identify potential risks and implement appropriate mitigation strategies.
He further shared some tips and best practices for enhancing cybersecurity, such as conducting regular vulnerability scans, updating software and patches, implementing strong passwords and encryption, educating employees and users, and using reliable security tools and services.
Tagoe is a seasoned cybersecurity professional with over 20 years of experience in the field. He joined Cyberteq in 2018 as the VP of Africa and has been instrumental in expanding the company’s presence and reputation in the region. Last year he was awarded as one of the “Top 20 Tech Leaders in Ghana” at the 12th edition of the Ghana Information Technology & Telecom Award (GITTA) in 2022. Recently he was also awarded as one of the Top 50 African Digital Economy Leaders at the 8th edition of ADEA.