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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Exposing the Mind Games: How Social Engineers Exploit Human Psychology
🧠 Social Engineering: The Invisible Threat Exploiting Human Psychology
🎭 Cybercriminals are bypassing technical defenses by targeting the human mind, using tactics like authority impersonation and fear induction.
🚨 Urgent requests and fear-based messages are designed to prompt immediate, uncritical responses, leading to security breaches.
🎁 Enticing offers exploit curiosity and the desire for rewards, luring individuals into divulging sensitive information.
🤝 Trust is manipulated as attackers pose as colleagues or trusted entities to gain access to confidential data.
🔐 Building a human firewall through regular training, simulated attacks, and clear communication protocols is essential in combating these threats.
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#CyberSecurity #SocialEngineering #HumanFactor #AUMINT