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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Why EMEA Enterprises Are Prime Targets for Vendor Email Compromise
📧 Why EMEA Enterprises Face Higher VEC Risks
Vendor Email Compromise (VEC) is skyrocketing in EMEA, with 72% of employees at large enterprises engaging with suspicious vendor emails — that’s nearly double the engagement rate of Business Email Compromise (BEC) attacks.
Even more alarming? EMEA organizations report just 0.27% of VEC incidents, the lowest rate worldwide, leaving many attacks undetected and unresolved.
The telecom sector and junior sales staff are especially vulnerable, with engagement rates hitting 71% and 86% respectively.
This data reveals a troubling pattern: EMEA enterprises tend to trust vendor emails too easily, creating an entry point for costly cyber fraud.
Preventing VEC demands more than technology—it requires proactive employee training, awareness, and advanced AI-driven detection.
At AUMINT.io, we tailor cybersecurity defenses to EMEA’s unique challenges to stop VEC before it causes damage.
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