NEWS
ExtraHop report reveals data breach costs exceed industry estimates
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 one ,” said Raja Mukerji , Co-founder and Chief Scientist , ExtraHop .
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 .
“ It ’ s important for business leaders to recognize that no organization is immune to cyberattacks or the potential financial fall-out 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 .
Expanding the scope of traditional research to date , the report triangulates a range of data sources , including SEC filings , stock performance , and quarterly earnings .
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 .
Nokia and Viettel roll out high-capacity optical network after achieving 1.2Tb / s optics transmission speed record in Vietnam
Vietnam ’ s largest service provider , Viettel , will use Nokia ’ s optical transport solution to cost-effectively address the ever-growing demand for 5G and Data Center Interconnect ( DCI ), consumer data consumption and cross-border connectivity .
The deployment follows a successful trial which set an optics transmission speed record of 1.2Tb / s per wavelength in a real-world environment . will provide the required capacity for our existing and growing needs while making us ready for 5G and cloud-based use cases .”
Vito Di Maria , Head of Optical Networks , Nokia Asia Pacific , said : “ Our industry-leading PSE-6s will allow Viettel to not only costeffectively address the growing data demand but also enhance network reliability and energy efficiency .”
The deployment , to be completed in 2025 , will be used to connect Viettel ’ s data centers in key metropolitan areas such as Ha Noi , Ho Chi Minh City and Da Nang .
Powered by Nokia ’ s PSE-6s , the new optical solution will allow Viettel to scale easily while ensuring superior network performance . In this project , Nokia ’ s solution supports 3 x 800GE or 6 x 400GE services on a single line card and will enable Viettel to scale total network capacity to 38.4Tb / s over C-band . Nokia ’ s solution will also help Viettel reduce network power consumption by up to 60 %.
Nguyen Van Yen , Head of Viettel Regional Transmission , said : “ The record-breaking trial convinced us that Nokia was the right partner for this crucial initiative . Nokia ’ s PSE-6 super-coherent optical engine
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