Cybercrime is everywhere: How safe is your country?

A weighted meta-analysis of major cybercrime indices by anti-fraud firm SEON sheds light on who is safest and who is most at risk – yet businesses, even in the safest countries, must remain vigilant and proactive, emphasizes Gergo Varga, Senior Content Manager at SEON

Released at the end of October, a new report on cybercrime performs a meta-analysis of the results of four main indices related to cybersecurity, taking into account national legislation to calculate the individual ‘cybersecurity score’ of each country, giving a view to 360 degrees of digital fraud. , scams and the crime landscape.

94 countries were reviewed, their scores including the Global Cyber-Safety Index, which reports on the dangers of cybercrime around the world. This is an overview of countries that are doing better than others when it comes to protecting their citizens, businesses, organizations and authorities from deceptive, illegal and malicious attacks that take place online.

“The four indices we looked at are very popular in our field,” says Gergo Varga, former fraud analyst and now Senior Content Manager at SEON. “But each of them has their own specialized areas of interest. We wanted to glean a more holistic picture of the cyber fraud and cybercrime landscape, and we also felt that legislation is really important when the question is “Where is safer?” “”.

The ranking including individual scores

At the top of the table are Denmark at 8.91 out of 10, Germany in second at 8.76, and behind the United States, taking the bronze medal at 8.73. Norway ranks fourth, with a score of 8.46; The UK is very slightly behind, fifth with 8.44 points out of a maximum of 10 cybersecurity points. In general terms, the higher the better: the higher a country is ranked, the lower the risk that a person will be a victim of cybercrime in that country. The other countries that have performed well are Japan, Sweden, Australia, most of Europe and Israel.

The countries considered to be the most exposed to cyber threats are at the other end of the spectrum. They were found to lack legislation to both protect and punish cybercrime. A country in recent turmoil is Myanmar, which came last with just 2.22 out of 10. Cambodia, Honduras, Bolivia and Mongolia also performed poorly. On the Old Continent, Bosnia and Herzegovina is the worst performer at 86th place, in part due to an extremely low score on the National Cyber ​​Security Index.

Gergo Varga suggests that “it is important to clarify that even those at the top are never completely immune from cybercrime, which remains a very real and ever-increasing threat around the world, for businesses and organizations alike. individuals. Consider the United States: Although it won the bronze medal in SEON’s Cybersecurity Index, it still reported over 241,000 cases of phishing and pharming in 2020, as well as 108,869 chiefs. fraud for non-delivery / non-payment, among other cybercrimes. Meanwhile, known data breaches in the same year exposed 155.8 million records in the United States alone. ”

What matters in Cyber-Security?

So how did the UK and the rest of the top five manage to do better than the rest? “The main reason they rank well is because they take massive action to thwart cybercriminals, crooks and fraudsters. And it is also a matter of collaboration, with the private and public sector working hand in hand, including lawmakers and researchers, ”explains Gergo.

Looking more closely at the UK’s performance, it is helped by the near perfect score of 99.54 out of 100 in the Global Cybersecurity Index 2020 and a good score of 77.92 in the National Cybersecurity Index. The ranking of cyberlaws calculated by researchers is also significantly higher than that of most countries around the world, as the government continues to introduce new laws, with smart devices being their latest focus. Going forward, we might want to take a look at our cybersecurity exposure (calculated by the CEI – Cybersecurity Exposure Index), as well as be more vigilant with regard to anti-money laundering law, as there is still a room for improvement in our AML Performance.

To conduct this analysis, SEON researchers took into account all of the aforementioned indices: NCI, GCI, AML Index, CEI, as well as anti-cybercrime legislation. “Each of these important clues represents a different aspect of managing cyber threats and protecting against fraud, scams and crime. We brought them together by converting all these scores into one out of ten equally-weighted score: the Cyber-Safety Score. However, there is no room for complacency, regardless of a country’s ranking. We need to take inspiration from those who have behaved better, along with the awesome technology at our disposal, and remain vigilant, because criminals do the same.

About Gergo Varga

Gergo Varga has been fighting online fraud since 2009 in various companies – even co-founding his own anti-fraud startup. He is the author of the Fraud Prevention Guide for Dummies – SEON Special Edition. He is currently working as a Senior Content Manager / Evangelist at SEON, using his industry knowledge to maintain sharp marketing, communicating between different departments to understand what is happening on the front line of fraud detection. Gergo lives in Budapest, Hungary, and is passionate about philosophy and history.

About SEON

SEON reduces risk and increases conversions for highly targeted verticals such as banking, lending, forex, crypto trading, iGaming, and e-commerce. SEON’s innovative tools let you decide how to integrate fraud prevention into your platform, either as individual modules for multi-layered security or as an end-to-end system.

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