SecurityScorecard, a global leader in Security Ratings, released the world’s first Cyber Resilience Scorecard at the World Economic Forum Annual Meeting. The Cyber Resilience Scorecard provides an unprecedented view of global cybersecurity risk, arming leaders with data-driven insights to safeguard the world’s economies.
“transparency delivers a 53% improvement in third-party cyber risk management effectiveness.”
Key Findings Include:
- Cyber risk vs. GDP: Economic prosperity improves cybersecurityThe study identified a strong correlation between a country’s cyber risk exposure and GDP. The data underscores that a nation’s economic prosperity is deeply intertwined with its ability to navigate the complex landscape of cyber threats.
- Top 10 threat actor groups: The adversaries behind 44% of incidentsThe same 10 threat actor groups are behind 44% of worldwide cyber incidents, including notable names like Cobalt Group, Sandworm Team, and the notorious АРТ28 hacking group, also known as Pawn Storm, Fancy Bear, and BlueDelta.
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- Geopolitical hotspots: Operational infrastructure concentrated in China and RussiaThreat groups operate globally, but their operational infrastructure is concentrated in some countries more than others, with 24% originating from China and the Russian Federation accounting for 15%. These insights shed light on the geopolitical dimensions of cyber conflict.
- High-risk sectors: Tech titans in the crosshairsInformation services and technology industries experienced the majority of cyber incidents, closely followed by critical infrastructure, including telecommunications, financial services, and government. This concentration of risk emphasizes the importance of collaborative cyber risk management, as these high-risk sectors face and contribute to rapidly increasing cyber risk.
- Interconnected supply chain risk: Navigating a complex matrixThe intricate interdependence among various industries within the supply chain further complicates the cybersecurity landscape. As cited by the new SEC cybersecurity incident disclosure requirements, SecurityScorecard research found that 98% of organizations use a third party that has been breached.
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Rob Knake, former Deputy National Cyber Director in the United States, noted: “Policymakers globally need to find new methods to assess national resilience and evaluate if policies and programs enhance cyber resilience. You can’t manage what you don’t measure. This inaugural Global Cyber Resilience Scorecard provides a groundbreaking benchmark that global leaders can use to continuously assess cyber defense efforts and communicate clearly with global stakeholders in understandable terms.”
Cybersecurity Transparency Builds Resilience
According to Gartner, transparency delivers a 53% improvement in third-party cyber risk management effectiveness.”1 Similar to credit ratings, Security Ratings provide global leaders with a shared framework for cybersecurity risk management. Notably, organizations with an F rating are 7.7 times more likely to experience a breach than their A-rated counterparts.
Dr. Aleksandr Yampolskiy, CEO and Co-Founder, of SecurityScorecard, stated: “Progress starts with precise measurement. And until recently, cybersecurity lacked effective measurement. As the World Economic Forum convenes to address the imperative of rebuilding trust, Security Ratings arm global leaders with a universal language to be relentlessly data-driven in managing cybersecurity risk. By establishing clear KPIs, we can enhance cyber resilience, ultimately renewing trust in our digital ecosystem.”
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