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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AI Voice Cloning Scam Shakes Italy’s Elite – A Stark Warning for Global Businesses
🎙️ AI Voice Cloning Scam Targets Italy’s Business Elite
A recent AI-driven scam has shaken Italy’s business community. Fraudsters used advanced voice cloning technology to impersonate Defence Minister Guido Crosetto, convincing former Inter Milan owner Massimo Moratti to transfer nearly €1 million under the pretense of a government operation to rescue kidnapped journalists.
The calls appeared to originate from official government numbers, adding credibility to the fraudulent requests. The AI-generated voice was so convincing that Moratti believed he was speaking directly with the minister. Fortunately, authorities managed to trace and freeze the funds in a Dutch account.
This incident highlights the growing threat of AI-enabled fraud. Traditional verification methods are no longer sufficient. Businesses must implement multi-factor authentication and educate employees about the risks of social engineering attacks.
At AUMINT.io, we provide solutions to detect and prevent such sophisticated scams. Our expertise ensures your organization remains secure in the face of evolving cyber threats.
Schedule a consultation with AUMINT.io today to safeguard your business against AI-driven fraud.
#CyberSecurity #AIThreats #VoiceCloning #BusinessProtection #AUMINT