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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Paying Ransoms? You Might Be Paying Again – And Again
💸 Paying Ransoms? Expect Repeat Attacks Soon
Nearly 80% of organizations that pay ransom demands face a second attack – often from the same cybercriminals.
Some see follow-up attacks within just weeks, with ransom demands rising by over 20%.
Paying doesn’t guarantee data recovery or safety from exposure. Many victims report corrupted or stolen data despite paying.
This reveals a harsh truth: paying ransom is a temporary fix that invites future risks and costs.
Your organization needs a shift – from reacting after an attack to preventing it altogether.
At AUMINT.io, we help you build defenses that detect ransomware early and protect your critical data long-term.
Don’t wait until it’s too late.
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#Cybersecurity #Ransomware #ThreatIntelligence #DataProtection #SecurityAwareness #CISO #ITSecurity