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: The Silent $300M Threat CISOs Can’t Ignore
📧 Vendor Email Compromise Is a $300M Silent Threat
Vendor Email Compromise (VEC) is skyrocketing, with 72% of employees at large enterprises engaging with fraudulent vendor emails by replying or forwarding—even when no links or attachments are present.
This behavior has fueled attempted thefts over $300 million worldwide last year.
VEC attacks now see engagement rates 90% higher than traditional Business Email Compromise (BEC).
The EMEA region is a hotbed for these attacks, yet employees there report only 0.27% of incidents—the lowest global reporting rate.
Telecom leads in vulnerability, with 71.3% employee engagement, followed by energy and utilities at 56.25%.
VEC’s danger lies in hijacking trusted vendor email threads and leveraging social engineering that exploits human trust, bypassing technical defenses like multi-factor authentication.
To fight back, organizations must adopt AI-powered email analytics, enforce vendor verification protocols, and continuously train employees to detect social engineering tactics.
At AUMINT.io, we deliver comprehensive cybersecurity solutions blending advanced threat detection and human-focused training to shield your organization.
Don’t wait for an attack to expose your vulnerabilities.
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#Cybersecurity #VendorEmailCompromise #EmailSecurity #ThreatDetection #AUMINT