The United States has emerged as the largest investor in commercial spyware—a global industry that has enabled the covert surveillance of journalists, human rights defenders, politicians, diplomats, and others, posing grave threats to human rights and national security.
In 2024, 20 new US-based spyware investors were identified, bringing the total number of American backers of this technology to 31. This growth has largely outpaced other major investing countries such as Israel, Italy, and the United Kingdom, according to a new report published today by the Atlantic Council.
The study surveyed 561 entities across 46 countries between 1992 and 2024, identifying 34 new investors. This brings the total to 128, up from 94 in the dataset published last year.