Coveware, which provides response services to ransomware attacks, has released a report for the fourth quarter of 2020.
The 4 most interesting data from the report
1. The average ransom payment stands at $ 154,108
It is a decrease of 34% from the third quarter.
2. Organisations decline to pay
The significant decrease in the average payment is due to the fact that more and more organizations are deciding not to pay the ransom.
3. 70% of ransomware attacks also include theft of information from the victim and double extortion
It is an increase of 43% from the third quarter.
4. Social Engineering is the main attack type
In the current quarter the main attack channel was social engineering attacks.
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( Source: Coverware Ransomeware Report)
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π° Free Breach Cost Calculators to Shock Your Board π°
Understanding the financial impact of a breach is critical for CISOs when communicating risk to executives. Luckily, there are free calculators that estimate breach costs, helping you make your case effectively.
Here are the top free breach cost calculators:
1οΈβ£ IBM Cost of a Data Breach Calculator β Estimate potential losses based on industry, size, and breach type.
π https://www.ibm.com/security/data-breach
2οΈβ£ RiskLens Free Calculator β Quantifies cyber risk in financial terms for board presentations.
π https://www.risklens.com/
3οΈβ£ Cyence Free Risk Calculator β Models the financial impact of cyber incidents on your organization.
π https://www.cynece.com/
4οΈβ£ BitSight Breach Cost Insights β Estimates breach-related financial exposure using security rating data.
π https://www.bitsight.com/
5οΈβ£ Ponemon Institute Cost of Breach Tool β Provides benchmarks for breach cost analysis by sector.
π https://www.ponemon.org/
6οΈβ£ SANS Breach Cost Templates β Free Excel templates for estimating internal and external breach costs.
π https://www.sans.org/white-papers/
7οΈβ£ AUMINT Breach Simulation Tool β Combines human risk and technical exposure to estimate potential losses.
π https://aumint.io/resources
β‘ Takeaway: These tools help CISOs translate technical vulnerabilities into financial impact, making it easier to secure budget and executive buy-in.
At AUMINT.io, we add another layer β simulating employee-targeted attacks and insider scenarios to quantify human-driven breach risk, giving your board a complete picture.
π Want to show your executives how human factors affect breach costs? Book a free demo
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