Another concerning threat is ransomware, which is a sort of data encryption tool that locks data until a payment is paid to the attacking party. This is a potentially costly issue. PurpleSec, a security firm, predicted that ransomware expenditures will exceed $20 billion by the end of 2020.

Another potential threat to organizations is distributed denial of service (DDoS) attacks. DDoS attacks include cyber thieves flooding a company's network or servers with a massive amount of internet traffic. This causes system slowdowns, which can disclose and spread vulnerabilities on a network.

These hazards aren't always caused by a company's own networks or systems. A company's use of third-party resources such as Instagram and Spotify may unwittingly create gateways in networks and systems that savvy cyber thieves can attack.

Cyber crime is likely to increase in both frequency and sophistication, with the potential to cost greater and greater amounts of money. Cybersecurity courses can help Ventures predicts that cybercrime will create damages of around $10.5 trillion annually by 2025. Hence the requirement of cybersecurity services in ghana is a must

But the threat of cyber security transcends mere economics. A single vulnerability can cascade into a widespread security threat and harm the integrity of an entire organization’s data.