Cyentia Institute and RiskRecon released a research that quantifies how a multi-party data breach impacts many organizations in today’s interconnected digital world.

The study is based on an analysis of 897 multi-party breaches involving three or more interrelated companies.

The impact of multi-party data breach events

• 897 multi-party data breach incidents, also referred to as ripple events, have been observed since 2008.
• 147 newly uncovered ripples were observed across the entire data set, with 108 occurring in the last three years.
• A median ripple breach event causes 10x the financial damage of a traditional single-party breach.
• The worst of the multi-party data breach events causes 26x the financial damage of the worst single-party breach.