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: Why Social Engineering Remains a Top Cyber Threat
🧠 Social Engineering: The Human Side of Cyber Threats
🔐 Despite advanced security systems, human error remains a leading cause of data breaches.
🎯 Cybercriminals exploit trust and authority, using tactics like phishing and impersonation to deceive employees.
📧 A well-crafted email or a convincing phone call can bypass technical defenses, granting attackers access to sensitive information.
🚨 The fallout? Financial loss, compromised data, and damaged reputations.
🛡️ Combatting this requires more than just technology; it demands informed and vigilant employees.
📚 Regular training, clear policies, and simulated attacks can bolster your team’s resilience.
💼 At AUMINT.io, we provide tailored solutions to strengthen your human firewall.
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