2025 Ripples Across the Risk Surface Report

Multi-party breaches are becoming more frequent and more costly, with losses rippling downstream to suppliers, partners, and customers.

In this year’s Ripples Report from Cyentia Institute and RiskRecon by Mastercard, the data shows:

• Downstream losses now rival those of primary victims.

• Larger firms are twice as likely to generate and receive ripple events.

• Sectors like Finance, Healthcare, and Education are disproportionately exposed.

• Poor cybersecurity hygiene increases the likelihood of triggering or being impacted by a ripple event.

Protecting your organization means understanding not only your own risk—but the risks across your digital supply chain.

Don’t Let Ripple Effects Catch You Off Guard!

See how third-party cyber incidents cascade—and how to stay ahead.