Academy | Third Party Risk Management Software | RiskRecon

Ripples Across the Risk Surface Report

Written by RiskRecon | Jul 9, 2020 1:56:00 PM

Cyentia Institute and RiskRecon analyzed over 800 multi-party cyber incidents to determine the impact on multiple downstream organizations. This first-of-its-kind report analyzes the ripple effect of multi-party vs. single-party security incidents, the results show that financial losses of multi-party cyber-incidents are 13x greater vs single-party events. 

Key findings: 

  • The average ripple event impacts 10 firms beyond the original victim
  • The largest ripple event touched 131 firms downstream
  • Ripple events are growing more common, increasing on average by 20% annually