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 (VEC) engagement in EMEA hits 47.3% – almost double BEC’s rate.
This rise shows how VEC exploits trust in external vendors, bypassing traditional BEC defenses.
EMEA reports only 0.2% of VEC incidents, signaling a critical awareness gap.
MSSPs must adopt advanced behavioral analytics and third-party identity monitoring to catch these sophisticated threats.
Continuous employee education and simulated VEC phishing drills are essential to close this gap.
At AUMINT.io, we deliver cutting-edge solutions combining threat detection and training tailored for these risks.
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