When we look at the data collected from 2020, we notice that the order of the top countries was slightly different, Italy was rated in first place with 34,287 offers (20%), Spain with 28,445 offers (17%), France with 24,428 offers (14%), Germany with 12,633 offers (7%), etc. The numbers are not surprising. Italy, Spain, France, and Germany are the largest countries out of the investigated countries. They are all western, very developed countries that have been extensively targeted in the past by hackers and APT groups. Login credentials offered for sale- 2020 Italy 20% Spain 17% France 14% Germany 7% Romania 7% Greece 6% Portugal 6% Netherlands 4% Poland 4% Belgium 3% Hungary 4% Bulgaria 2% Austria 1% Slovakia 1% Croatia 1% Czech 1% 2.1 2.2 2.3 1 2 Bot Market Research *The graphs show only countries that receive 1% and above out of the total login credentials investigated Czech 1,554 Spain 28,445 France 24,428 Italy 34,287 Romania 12,264 Germany 12,633 Portugal 10,228 Netherlands 6,847 Hungary 6,464 Poland 6,564 Greece 10,860 Slovakia 1,738 Austria 2,455 Bulgaria 3,055 Belgium 4,778 Croatia 1,555 Switzerland 373 Macedonia 35 Albania 0 Cyprus 134 2.4 2.5 Country Comparison 13 The Rise of Dark Web Botnet Marketplaces