Multi-party breaches cause 26-times the financial damage of the worst single-party breach: Report

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Jonathan Greig

By

Jonathan Greig

| September 21, 2021

| Topic: Security

RiskRecon, a Mastercard company, and the Cyentia Institute released a study on Tuesday showing that some multi-party data breaches cause 26-times the financial damage of the worst single-party breach.

The organizations used Advisen’s Cyber Loss Database to examine incidents since 2008. Almost 900 multi-party breach incidents have been observed since 2008, and 147 newly uncovered ripples were observed across the entire data set, with 108 occurring in the last three years. 

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Jonathan Greig

By

Jonathan Greig

| September 21, 2021

| Topic: Security