ExtraHop has released a report analyzing the short – and long-term financial impacts high-profile data breaches have on publicly traded companies.<\/p>\n\n\n\n
According to the findings, a data breach costs an organization $677 million on average, millions more than what has been disclosed in conventional research.<\/p>\n\n\n\n
Expanding the scope of traditional research to date, the report triangulates a range of data sources, including SEC filings, stock performance, and quarterly earnings.<\/p>\n\n\n\n
The report shows stock prices of the affected organizations dropped an average of 7% one month post-data breach – demonstrating the financial impact to not only the breached company, but shareholders too.<\/p>\n\n\n\n
\u201cData breaches have profound impacts that are wildly underestimated by organizations until they find themselves in the middle of one,\u201d said Raja Mukerji, Co-founder and Chief Scientist, ExtraHop.<\/p>\n\n\n\n
\u201cIt\u2019s important for business leaders to recognize that no organization is immune to cyberattacks or the potential financial fall-out that comes with them \u2013 nor can they be too prepared.\u201d<\/p>\n\n\n\n
One breach included in the report is expected to cost the impacted organization an estimated $2.8 billion, inclusive of lost revenue, business disruption, incident response and remediation, after a threat actor gained unauthorized access to the company\u2019s systems to carry out a ransomware attack that impacted more than 100 million customers.<\/p>\n\n\n\n
Unauthorized access was the cause of nearly half of the breaches highlighted in the report, demonstrating a growing need for robust network visibility to detect and respond to suspicious behaviors quickly.<\/p>\n","protected":false},"excerpt":{"rendered":"
ExtraHop has released a report analyzing the short – and long-term financial impacts high-profile data breaches have on publicly traded companies. According to the findings, a data breach costs an organization $677 million on average, millions more than what has been disclosed in conventional research. Expanding the scope of traditional research to date, the report […]<\/p>\n","protected":false},"author":58,"featured_media":40610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1463,3559,4664,1659,38,1281],"tags":[730,624,1241,7399,7398,7400],"class_list":["post-40605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apac","category-intelligent-technologies-cybersecurity","category-intelligent-technologies-data","category-north-america","category-analysis-research","category-tech","tag-data-breach","tag-extrahop","tag-raja-mukerji","tag-sec-filings","tag-short-and-long-term-financial-impacts","tag-stock-performance"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/40605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/comments?post=40605"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/40605\/revisions"}],"predecessor-version":[{"id":40609,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/posts\/40605\/revisions\/40609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media\/40610"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/media?parent=40605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/categories?post=40605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/apac\/wp-json\/wp\/v2\/tags?post=40605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}