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Stock impact report

Fastly Research: Bad Bots Cost Organizations Millions

Fastly, Inc. Class A (FSLY) 
Last fastly, inc. class a earnings: 2/20 04:05 pm Check Earnings Report
Company Research Source: Business Wire
New survey data reveals the rise and financial impact of malicious bots on businesses SAN FRANCISCO--(BUSINESS WIRE)--Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, today released the results of its new survey, “Bot Wars: How Bad Bots are Hurting Businesses,” which revealed 59% of IT professionals reported an increase in bot attacks over the past year, with significant incidents costing companies an average of $2.9 million.“Bots are a double-edged sword: they can streamline tasks, but in the wrong hands they become powerful tools for cybercrime, costing businesses millions and eroding customer trust,” said Fastly Security Product Manager Daniel Corbett. “Our new research reveals the impact and scale of these attacks, and underscores the urgent need for robust bot defenses at organizations.”More than three-fourths (76%) of respondents from organizations across a wide range of industries, including financial services, retail, IT and telecommunications, faced at l Show less Read more
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