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
Why Social Engineering Has Become IT’s Newest and Most Dangerous Headache
🔒 Social Engineering: IT’s Most Dangerous New Risk
⚡ The biggest threat facing IT leaders isn’t malware – it’s manipulation.
⚡ Attackers no longer rely on code – they exploit human trust.
⚡ The shocking part? Even the most advanced security setups can be bypassed with one convincing email from a “CEO” asking for urgent approval.
⚡ Remote work has expanded the attack surface. Employees across finance, HR, and IT are hit daily with fake requests that look alarmingly real.
⚡ Traditional once-a-year awareness training fails here. It fades from memory long before the next attack lands.
⚡ What works instead is continuous simulation that mimics real-life pressure and deception – preparing employees to pause, verify, and protect.
⚡ That’s exactly what AUMINT.io’s Trident delivers: recurring, personalized simulations that transform weak points into resilient defenses.
⚡ Ready to turn employees into your strongest shield? Book your intro session today
.
#CISO #CFO #CEO #CyberSecurity #RiskManagement #ITLeaders #FraudPrevention