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 Payment Trap No One’s Watching – Supply Chain’s Hidden Cyber Exposure
🧾 Payment Systems Are Your Cyber Blind Spot
🚨 Your vendors may be your biggest threat – and you’d never know.
🔍 Cybercriminals are hijacking invoice emails and vendor accounts to reroute payments without triggering a single alarm.
🧠 They don’t need malware – they need your trust.
📦 Most supply chain payment processes are built for speed, not scrutiny. That’s the exact vulnerability attackers exploit.
📤 A supplier “updates” their bank details.
📩 A finance contact “confirms” the update.
💸 The money? Gone.
⚠️ These attacks look like normal business interactions – not breaches.
And that’s why they work.
💬 If you’re not simulating these threats, you’re silently exposed.
Finance teams, CISOs, Procurement Leaders – this is your wake-up call.
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