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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Vendor Email Compromise Is the Silent Killer of Trust
📩 The Next Cyberattack Will Come From a Trusted Email
💥 Vendor Email Compromise (VEC) is rising fast – and it’s more dangerous than BEC.
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🧩 Most security teams don’t catch them because the email really does come from your vendor.
💡 The only solution? Human-level awareness, real-world simulations, and executive visibility into behavioral weak spots.
📉 Trust without verification is now a threat vector.
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