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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The Allianz data breach has revealed that even top-tier insurance firms are susceptible to sophisticated cyberattacks. Sensitive personal and financial information was exposed, putting millions of clients at risk.
Cybercriminals exploited social engineering tactics and weak points in third-party systems to infiltrate networks. Legacy defenses alone proved insufficient, highlighting the need for proactive security measures.
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