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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Storm-2657 Payroll Pirate Attacks Expose University HR Risks
🚨 Storm-2657 Payroll Pirates Target Universities
Microsoft warns of attacks hijacking employee accounts to steal salaries.
💡 HR SaaS platforms like Workday are being exploited with phishing and MFA bypass.
👥 Attackers use AiTM phishing links, enroll their own MFA devices, and hide email notifications to reroute payroll.
⚡ 11 accounts compromised across three universities sent phishing emails to nearly 6,000 targets.
✅ Adopt phishing-resistant MFA like FIDO2 keys.
✅ Review accounts for unknown MFA devices and malicious inbox rules.
✅ Educate staff to recognize phishing tactics.
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#CyberSecurity #MFA #Phishing #PayrollSecurity #HigherEducation #MicrosoftSecurity