NEWS
ExtraHop report reveals data breach costs exceed industry estimates
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 triangulates a range of data sources , including SEC filings , stock performance , and quarterly earnings . one ,” said Raja Mukerji , Co-founder and Chief Scientist , ExtraHop .
“ It ’ s important for business leaders to recognize that no organization is immune to cyberattacks or the potential financial fallout that comes with them – nor can they be too prepared .”
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 ’ s systems to carry out a ransomware attack that impacted more than 100 million customers .
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 .
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 .
“ Data breaches have profound impacts that are wildly underestimated by organizations until they find themselves in the middle of
ServiceNow releases new research on government organizations and AI-driven transformation
ServiceNow has released The State of AI-Powered Transformation in Government , a global research study on the pace of AI transformation in the public sector .
According to the research , many government organizations have yet to reap the full benefits of digital technology and relatively few are leveraging innovation to advance their diverse missions .
Top findings include a group of AI Pacesetters – government organizations relatively more advanced in using AI and other emerging technologies – that are driving efficiency and achieving better outcomes than organizations that have been slower to adopt AI-powered workflows and automation .
Key insights illuminate the unique ways Pacesetters use AI to improve citizen and employee experiences , strengthen compliance and scale business processes .
The report outlines best practices implemented by Pacesetters that can be replicated in other government organizations to improve outcomes .
“ In today ’ s fast-paced digital world , governments need AI-driven solutions to meet the evolving expectations of citizens and employees ,” said Jonathan Alboum , Federal CTO , ServiceNow .
“ This report reinforces that leading governments are already reaping the benefits of AI through accelerated service delivery , citizen experience , and employee productivity . Whether you ’ re a Pacesetter or still in the beginning stages of a digital journey , these findings show that the future is promising for those willing to embrace AI .”
The report found Pacesetters achieve :
• Faster time to value with more benefits .
• Automated workflows with end-to-end platforms .
• Accelerated productivity and ability to scale transformation .
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