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 Hidden Insider Threat You’re Probably Ignoring – Ex-Employee Password Access
🔑 Ex-Employees Still Have Your Passwords – And They’re Using Them
🚨 Many workers admit they’ve logged in to former employers’ accounts after leaving – and sometimes months later.
💥 It’s a silent insider threat that bypasses firewalls and phishing filters entirely.
🕵️ The real danger? Credentials that stay active long after offboarding, often with access to sensitive systems, customer data, or financial platforms.
⚠️ In some cases, ex-staff under strained exits can exploit this for sabotage or even sell access on the dark web.
📊 Even “friendly” departures can lead to accidental leaks if accounts aren’t properly closed.
🔍 The fix? Immediate credential deactivation, MFA, and ongoing account audits to spot dormant access before it’s abused.
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