Posts tagged with "cybercrime"

Heather Skovlund computer illustration for use by 360 Magazine

Global Commitment to Cybersecurity

According to a recent study by the Atlas VPN team, the United States, United Kingdom, and Saudi Arabia lead in commitment to cybersecurity.

As technologies continue to evolve, governments around the world must face the reality of cyber threats and adapt their security practices. A study reports on countries’ scores on the Global Cybersecurity Index (GCI), varying cybersecurity training and practices, and additional statistics which help to create a fuller picture of the global relationship to cybersecurity.

A GCI score is given by evaluating each country’s commitment to legal, technical, organizational, capacity development, and cooperation indicators. The United States earned a perfect score of 100, getting all 20 points in each GCI indicator. However, while the US has the most cybersecurity resources, the latest cyberattacks on Americans have shown room for improvement.

The United Kingdom follows behind, scoring 99.54 points in GCI. The score indicates that the UK has to employ more computer incident response teams, enabling a country to respond to incidents at the national level using a centralized contact point and promote quick and systematic action.

Saudi Arabia shares second place, getting the same score of 99.54 as the UK. While being one of the fastest developing countries, Saudi Arabia has placed great importance on cybersecurity.

Estonia takes the fourth slot as they scored 99.48, losing just half a point in the capacity development indicator. Estonia has become one of the heavyweights in cybersecurity with a high-functioning central system for monitoring, reporting, and resolving incidents.

The Republic of Korea, Singapore, and Spain all share fifth place, scoring 98.52 points. 

Cybersecurity writer and researcher at Atlas VPN William Sword shares his thoughts on the current cybersecurity landscape, “Beyond co-operating within countries, Global Cybersecurity Index leaders could help less developed countries address cybersecurity challenges. For example, creating a strategy or sharing good cyber practices can help reach more balanced and robust security against cyber threats.”

Lack of cybersecurity training 

One of the reasons why cyber attacks continue to increase is a lack of cybersecurity education and training.

Just 46% of countries provided specific cybersecurity training for the public sector and government officials. Employees in these fields usually work with a lot of sensitive or confidential information, which is why education on cybersecurity is essential. 

Meanwhile, 41% of countries provided cybersecurity training to small and medium enterprises or private companies. Businesses often become targets for hackers as the latter can easily profit off of stolen data or ransomware attacks. While more prominent private companies can afford cybersecurity experts, smaller businesses do not have such luxury.

Law enforcement agents received educational cybersecurity programs in only 37% of countries, while only 31% of countries provide training to judicial and legal actors. This training may help officers and executors of the law understand how hackers think, identify the tools that hackers use to commit attacks, and ultimately prevent and protect from future cybercrime.

Beyond co-operating within countries, Global Cybersecurity Index leaders could help less developed countries address cybersecurity challenges. Creating a strategy or sharing good cyber practices can help reach more balanced and robust security against cyber threats.

Tech Illustration by Rita Azar for use by 360 Magazine

Most Cybercrime by State

According to Atlas VPN analysis, the top 10 US states by losses to cybercrime are California, New York, Texas, Florida, Ohio, Illinois, Missouri, Pennsylvania, Virginia, and Colorado.

Last year, citizens in these states lost $2.39 billion to various types of internet crime. In the earliest reporting period – 2013, losses reached $327.89 million. Meaning, accumulated monetary damages in these states jumped by 629% over an eight-year period.

The data is compiled from the last eight annual Internet Crime Reports published by the Federal Bureau of Investigation (FBI). The FBI shares data provided by victims from all over the country to alert US citizens to the ever-increasing rates of internet crime.

To no surprise, California experienced the largest damages in 2020. Californians lost over $621 million in 2020 and a staggering $2.55 billion since 2013.  

The average annual loss growth (AAGR) of cybercrime damages reaches 33% in sunny California. On a similar note, financial losses jumped by 491% when comparing 2013 to 2020.

The second place goes to the largest city in the US – New York. Here, people lost nearly $416 million in 2020. The total losses from cybercrime amount to $1.15 billion, counting from 2013.

The average annual growth rate of losses to cybercrime exceeds that of California and stands at 50%. In 2013, New Yorkers lost $38 million to internet crime, which means that in the eight-year span, damages grew by 993%.

Texas takes third place, with close to $314 million in capital loss last year. Through the last eight years, fraudsters swindled over $1.01 billion from unsuspecting citizens.

Texans lost $56 million in 2013. Meaning, cybercrime damages in Texas jumped by 455% from 2013 to 2020. Here, AAGR stands at 30%, which is the lowest of the top 10 states.

Fourth is Florida, with $295 million in losses to various types of internet crime. From 2013 until 2020, citizens in Florida lost a whopping $1.16 billion of their hard-earned money.

To read the full article, head over to: https://atlasvpn.com/blog/an-analysis-of-the-top-10-most-cybercrime-ridden-states

Highest Cybercrime Risk Countries

Although developed countries are better prepared to tackle statewide cybersecurity challenges and have better IT education, that has little impact on cyber threats on an individual level. According to the new global Cyber Risk Index, cybercriminals tend to target people who have higher incomes and spend more time online.

According to the Cyber Risk Index, if you live in one of these countries – you are a more attractive target for cybercriminals:

1. Iceland
2. Sweden
3. United Arab Emirates
4. Norway
5. The United States
6. Singapore
7. Ireland
8. New Zealand
9. Denmark
10. The United Kingdom

NordVPN lists ten countries whose residents are the most enticing targets for cybercriminals according to the Cyber Risk Index, which covers 50 countries.