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Damages Escalate Rapidly in Multiparty Data Breaches

Data-science firm Cyentia Institute finds average large breach involved 31 organizations and cost $90 million, compared with $200,000 loss for a typical cybersecurity incident. Ransomware and wiper attacks caused the greatest loss, accounting for 44% of all recorded losses. Data analysis suggests that companies should put more effort into ensuring their vendors and contractors are not providing a doorway into their networks, says John Sturgis, data scientist at data scientist. The top attack to be the breach of the Kaseya Virtual System Administrator (VSA) servers used by many managed service providers in July.”]

Source: https://www.darkreading.com/attacks-breaches/damages-escalate-rapidly-in-multi-party-data-breaches

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