Cybercrime is becoming a more of a global issue as technology continues to advance. Because of how boundless the cyberspace is, cyber crimes can be commited from anywhere in the world, and there have been many reports covering these cyber crimes from different countries of the world. For instance, 72% of emails sent globally today are made up of spam, according to Kigerl (2016), within estimated $22 billion in loss of human resources due to the problem that is email spam. This goes to show that cybersecurity risks such as email spam can cause great harm and loss for an individual or organization. In the U.S., for example, phishing attacks are very common and often target large businesses or companies as well as individuals, with the U.S. suffering 60% of phishing attacks worldwide (Kigerl, 2016). Around $1,800 in loss for every individual that gets attacked by phishing emails/scams in the U.S., while an estimated $20,000 in loss occurs for every business that is successfully attacked by phishing scams. This reveals how much loss can occur because of cybercrimes such as phishing attacks. China is also another country that suffers greatly from cybercrimes, where crimes such as phishing attacks are often related to state involvment and/or corporate espisonage that mostly target foreign businesses or other companies in order to steal their information or cause harm to said businesses. However, because of China’s strict censorship rules and internet policies, the reporting and handling of cybercrimes such as phishing attacks are not as properly done. This comparison sheds light on the differences of the risks and impacts of cybercrimes not just within the U.S. but within other countries as well, and how well a country mitigates such cybercrimes depends on the regulations and policies that those countries have in action. 

Kigerl, Alex. 2016. Cyber Crime Nation Typologies: K-Means Clustering of Countries Based on Cyber Crime Rates. International Journal of Cyber Criminology. doi: 10.5281/zenodo.163399/