Report finds Europe leads world in cyber threat detection

Financial crime prevention expert, SEON has released its latest ‘Global Cybercrime Report’, evaluating how cybercrime protection differs between countries.

SEON's report combines data from three major cybersecurity authorities; National Cyber Security Index, the Global Cybersecurity Index, and the Cybersecurity Exposure Index to assess the least and most risky countries for internet users. By evaluating these metrics, SEON has been able to provide a ‘Cyber-Safety Score’ to 93 different countries globally. The data-driven scores have been formulated by combining data based on each country’s performance across a range of indices relating to cybersecurity, digital fraud, and cybercrime, as well as the breadth of legislation and government strategies relating to cybersecurity in each location.

The report also breaks down the most common forms of cybercrime affecting the world today, providing details on the monetary costs associated with these methods. From phishing attacks to personal data breaches, SEON’s report highlights the sizable impact that online attacks continue to have on the world’s economy, further demonstrating the importance of effective solutions that mitigate against these threats.

Currently, businesses, individuals, and governments across the globe are being forced to contend with a worsening economic climate and as such, can ill afford to lose money to cybercrime attacks. By publishing its latest report, SEON says it is highlighting the significant variance that exists between different regions regarding this threat, which in turn, is enabling internet users to be more informed about areas where they’re most at risk.

The report, which is available to download for free from SEON’s website underlines how Europe continues to lead the fight back against this ever-evolving challenge. Right now, the top ten lowest-risk countries for cyber threats are found on the continent. At the other end of the spectrum, Asia and Africa continue to lag behind, with seven of the top ten highest risk countries for cyber threats found within these two regions alone.

Speaking on the new report, Jimmy Fong, Chief Commercial Officer at SEON commented: “Many countries have now developed strong cybersecurity programmes and are enacting more effective legislation specifically aimed at tackling this evolving and significant issue. In doing so, these nations are better protecting themselves, as well as the individuals and businesses that operate out of them from digital dangers, offering security at a time of critical need.

“Conversely, there are still many countries that lack either the infrastructure, or desire to tackle this challenge with the intensity it requires. By highlighting this variance, SEON is helping to raise awareness around regions where internet users are most at risk. More broadly, our report highlights that the monetary consequences of cyber threats remain too high globally, reaffirming the need to continue to prioritize this issue in the coming years.”

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