A breach that affects more than one target company creates 26 times more financial damage, compared to an attack that affects only one target, a new report from RiskRecon and Cyentia Institute claims.
Analyzing how a multi-party data breach impacts businesses in today’s hyper-connected world, the two companies investigated 897 multi-party breaches affecting at least three interrelated organizations. They call these breaches “ripple breach events”.
The analysis, published in the second edition of the “Ripples Across the Risk Surface” paper, claims that the average ripple breach event affects four organizations.