Security News > 2021 > September > A multi-party data breach creates 26x the financial damage of single-party breach
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 impact of multi-party data breach events 897 multi-party data breach incidents, also referred to as ripple events, have been observed since 2008.
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.
The median number of organizations impacted by ripple events across the data set was 4.
The growing body of observational data across more than a decade of publicly reported breaches points to how widely the waves of impact from a security incident at a single organization can spread across industries and other individual organizations.
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