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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The Human Factor in Cybersecurity 2025 – Why People Are the Weakest Link
🛡 Human Error: Cybersecurity’s Biggest Threat
Humans are the weakest link in 2025 cybersecurity. 😱
Cybercriminals exploit trust, urgency, and authority to bypass technical defenses. 💡
Generative AI has made attacks ultra convincing. Emails, messages, and even voice calls now mimic executives or familiar contacts perfectly. 🧠
Phishing and vishing campaigns trick employees into revealing credentials or approving fraudulent transfers. 💸
Even trained teams can fall victim because attackers combine psychology and tech to create believable scenarios. ⚠️
Organizations must focus on human-centric security. Multi-factor authentication, verification processes, and simulated social engineering exercises are essential. ✅
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