Cyber incident ripple effects lead to increased losses

Cybersecurity incidents that involve more than one party incur financial losses 13 times greater than those contained within a single organization according to a new report. The study carried out by the Cyentia Institute for RiskRecon analyzed over 800 cyber incidents and their 'ripple effect' on multiple downstream organizations. "Media headlines continue to fixate on the number of records breached within a single organization, but they rarely tell the full story," says Kelly White, CEO and co-founder of RiskRecon. "Most breach research doesn't explain the downstream impact of ripple events and that these incidents no longer simply impact a single… [Continue Reading]