Data-Driven Analysis of Cyber Risk Trends

This document is a research report that presents an analysis of cyber risk trends based on data from the Information Risk Insights Studies (IRIS). It outlines the frequency and financial impact of security incidents over a decade, focusing on various types of incidents, including ransomware and system intrusions. The report details the increase in reported incidents, particularly among smaller organizations, and highlights the probability of incidents varying by organization size and sector. Additionally, it examines the financial losses associated with these incidents, noting that typical losses are around $600,000, with extreme losses exceeding $32 million. The report also discusses trends in incident types and the changing methods of intrusion over time, providing insights into the evolving landscape of cyber risks. Recommendations for data-driven risk analysis are included, emphasizing the importance of understanding these trends for effective risk management.