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.
_________________
( Source: Coverware Ransomeware Report)
Save Your Company from Social Engineering Attacks Like that
Register and Get your Personalized Free Exposure Report NOW,
And see where your Company is Exposed to Hackers
Recently Posted on AUMINT.io Blog
Overconfidence in Cybersecurity: The Hidden Costs You Can’t Ignore
🔐 Overconfidence in Cybersecurity: The Hidden Costs You Can’t Ignore
📉 Even companies with robust cybersecurity measures, like Marks & Spencer and Harrods, have faced significant breaches, highlighting that no system is infallible.
💸 Beyond immediate incident response costs, organizations may incur regulatory fines, legal fees, and the financial impact of operational downtime.
🛠️ Recovery from cyberattacks often requires substantial effort, coordination, and time to return to normal operations, disrupting day-to-day activities.
🎭 Social engineering tactics, such as impersonation of IT personnel, have proven effective even against otherwise secure systems, emphasizing the need for employee vigilance.
🔄 Continuous improvement and adaptability are crucial in the ever-evolving cybersecurity landscape to mitigate hidden costs and maintain resilience.
🛡️ Don’t let overconfidence be your downfall. Schedule a consultation with AUMINT.io today.
#CyberSecurity #RiskManagement #AUMINT