5 Countries with Cyber Warfare Capabilities

4. Estonia

GCI Score 2021: 99.5

Estonia’s leading telecommunications companies report significant investments in cybersecurity and related sectors following strong financial performance this year. The three foreign-owned companies in Estonia’s cellphone market, Telia, Tele2, and Elisa, have been actively boosting their cybersecurity measures. For instance, Telia Estonia generated $115 million in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBDITA) in the first nine months of the year 2023, of which $35.8 million was reinvested into networks and services.