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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How One Passenger Lost $17,000 to a United Airlines Scam – And What It Teaches Every Business About Fraud Prevention
✈️ $17,000 Gone Overnight – The United Airlines Scam Every Leader Must Understand
😱 A United Airlines passenger thought they were fixing a booking issue – instead, they lost $17,000 in hours.
🔎 Cybercriminals cloned support channels so well that the victim never realized they weren’t speaking with the real airline.
💡 Here’s the shocking part: the same tactic is already being used against employees, vendors, and executives. If one individual can be tricked so easily, imagine the risks inside an organization handling millions in transactions daily.
🚨 Attackers aren’t just sending clumsy phishing emails anymore. They use urgency, authority, and brand familiarity to manipulate human decisions. This isn’t a “tech” problem – it’s a human factor problem.
📊 For mid-market firms, one fraudulent transfer can create devastating financial and reputational damage. Prevention is no longer optional.
🔐 That’s where recurring simulation-driven training becomes critical. Employees need to recognize and resist these manipulations before real losses occur.
👉 AUMINT.io’s Trident platform equips businesses with ongoing, real-world attack simulations tailored to evolving threats.
💬 Are your teams ready for this type of attack? Or would they trust the fake “support line” too?
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