A multi-party data breach creates 26x the financial damage of single-party breach

HelpNet Security reports:

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.

Here are just two of the findings that HelpNet highlights:

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.