The Costly Impacts of Ignoring Cybertruth: ExtraHop Takes a Differentiated Approach to Security

The Costly Impacts of Ignoring Cybertruth: ExtraHop Takes a Differentiated Approach to Security

By Alex Passett

“Your network knows the cybertruth. Are you listening?”

Across enterprises, networks become one of the most important sources of truth and transparency across users and assets alike – from cloud to on-prem to endpoints, it’s network visibility that keeps the digital ship afloat, so to speak.

This is what ExtraHop specializes in. The company is on a dedicated mission to protect and propagate trust by “revealing the cybertruth.” Essentially, according to ExtraHop’s team, every network holds an essential truth about cyber-attackers – if they’re already inside, no matter what they’re breaching and/or abusing, stopping them must happen at top speed. Business can’t afford to fly blind into today’s cybersecurity stratosphere.

That’s why ExtraHop studies the cybertruths; the ins and outs of network visibility that lead to 83% faster threat detections (including advanced threats like APTs, zero days, and supply chain attacks) and 87% faster responses via their streamlined investigation workflows that resolve threats expeditiously.

And recently, ExtraHop also released the findings of its financial impacts report; their report studied several high-profile data breaches and the impacts therein, as well as how ExtraHop’s network detection and response (NDR) platform can deliver the 360-degree network visibility required to uncover today’s cybertruths and keep businesses secure.

Per ExtraHop’s “The True Cost of a Security Breach” report:

  • Public companies profiled saw net incomes drop an average of 73% roughly one year following the announcements of a data breach.
  • In one example, ExtraHop noted how another company’s stock price fell nearly 21% after a breach was reported, and net income dropped 27% year-over-year during that same quarter. These cost analyses indicate destroyed hard-gained earnings; not to mention other industry hits like regulatory fines, legal fees, and ongoing settlements with consumers, businesses, and even individual states.

“When a data breach hits, real people lose real money,” said Patrick Dennis, ExtraHop’s CEO. “And this goes way past upfront costs that accompany stolen records and the real number of people affected. Both investors and customers often lose faith in a business, which has a ripple effect for years to come. It’s important that corporate leaders take a hard look at their budget and make the cybersecurity investments they need to more effectively manage risks and secure their cybertruth.”

The long-story-short of this? Security leaders must understand network visibility before a breach, not just during or after. This way, they may maintain adequate funding for the cybersecurity and risk mitigation tactics required to keep afloat before bad actors drag businesses beneath the digital waves.

Request an eBook download of ExtraHop’s report in full here.

Edited by Greg Tavarez
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