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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📑 CISOs: Free Guides to Build Your Board-Level Reporting Toolkit 📑
Your board doesn’t want raw logs – they want clarity, context, and confidence. As a CISO, the way you translate technical risk into strategic language can make or break funding, trust, and influence.
Here’s a list of free, high-value guides to help you craft board-ready cybersecurity reports that actually resonate:
1️⃣ NACD Cyber-Risk Oversight Handbook – A gold-standard framework for aligning security to board priorities.
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2️⃣ CISA Cybersecurity Performance Goals – Benchmark progress with structured, board-friendly metrics.
https://www.cisa.gov/cpg
3️⃣ World Economic Forum – Principles for Board Governance of Cyber Risk – Policy-level insights for shaping narratives.
https://www.weforum.org/reports/principles-for-board-governance-of-cyber-risk
4️⃣ ENISA Cybersecurity Risk Management Framework – EU-focused but globally useful for structured board updates.
https://www.enisa.europa.eu/publications/risk-management
5️⃣ ISACA Board Briefings on Cybersecurity – Concise executive summaries tailored for board consumption.
https://www.isaca.org/resources
6️⃣ Cybersecurity & Infrastructure Security Agency Incident & Vulnerability Reporting Guidance – How to brief decision-makers under pressure.
https://www.cisa.gov/publication
7️⃣ SANS Security Leadership Posters – Visual aids to help communicate complex risk in minutes.
https://www.sans.org/posters
Equip yourself with these, and your next board meeting could shift from “budget defense” to “strategic partnership.”
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