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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A fresh wave of phishing attacks is tricking victims with highly convincing messages pretending to be from the UK’s Department for Work and Pensions.
🚨 The scam aims to steal credit card details by exploiting trust in official institutions and using professional branding to appear legitimate.
🔍 Recognizing urgent requests for financial data and suspicious links is vital but challenging due to the scam’s sophistication.
🛡️ Traditional filters aren’t enough; ongoing, realistic social engineering training is critical to keep your defenses strong.
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