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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🔍 Employees searching payroll portals are being ambushed by SEO-poisoned sites that look authentic.
📱 The campaign targets mobile users – phones lack enterprise EDR and often never show up in SIEM logs.
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💸 Attackers then change payroll deposit details – money diverts before detection, and investigations look like human error.
⚙️ Defenses must include bookmarking official portals, conditional access with device posture checks, and behavioral monitoring for credential misuse.
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