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Bloomberg
3 hours ago
- Bloomberg
Snap Second-Quarter Sales Fall Short on Advertising Glitch
Snap Inc. reported second-quarter sales that were shy of Wall Street's average estimates as the company, owner of the Snapchat photo-sharing app, dealt with a technical issue with its ad-buying tools that slowed revenue growth. The company's shares tumbled in late trading. Snap reported sales of $1.345 billion, slightly less than the $1.35 billion analysts were looking for. Revenue was crimped when the company inadvertently shipped an update to its advertising auction that allowed marketers to buy ads at 'substantially reduced prices,' Snap said. That issue has been fixed, according to a letter to shareholders Tuesday, and 'advertising revenue growth has improved.' Snap's sales in the current period will likely be higher than analysts projected. Revenue will be $1.48 billion to $1.51 billion, according to the statement Tuesday. Analysts on average had projected sales at the low end of that range. (Source: Bloomberg)
The Verge
3 hours ago
- The Verge
1Password on Android got updated to fix Chrome autofill problems.
Posted Aug 5, 2025 at 11:30 PM UTC Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates. Richard Lawler Posts from this author will be added to your daily email digest and your homepage feed. See All by Richard Lawler Posts from this topic will be added to your daily email digest and your homepage feed. See All Android Posts from this topic will be added to your daily email digest and your homepage feed. See All Apps Posts from this topic will be added to your daily email digest and your homepage feed. See All Chrome Posts from this topic will be added to your daily email digest and your homepage feed. See All Google Posts from this topic will be added to your daily email digest and your homepage feed. See All Security Posts from this topic will be added to your daily email digest and your homepage feed. See All Tech
Yahoo
4 hours ago
- Yahoo
97% of AI breach victims lacked access controls, IBM finds
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. About one in eight organizations has already experienced an AI-related data breach, according to an IBM-commissioned research report released on July 30. While the 13% of organizations that reported breaches of AI models or applications might seem like a relatively modest proportion, consider that among those compromised, 97% said they did not have AI access controls in place. As a result, according to IBM, 60% of the AI-related security incidents led to compromised data and 31% led to operational disruption. About a quarter (23%) suffered financial losses. The research, which studied data breaches experienced by 600 organizations globally from March 2024 through February 2025, was conducted by Ponemon Institute. 'The data shows that a gap between AI adoption and oversight already exists, and threat actors are starting to exploit it,' said Suja Viswesan, vice president of security and runtime products for IBM. The average cost among all types of data breaches during the study period was $4.44 million, representing a 9% decrease from the prior 12-month period and a return to 2023 cost levels. Breach costs rose in the United States, though, to an average of $10.22 million from an average of $9.36 million. According to the report, driving the overall global cost decrease was faster identification and containment of breaches, 'much of it from organizations' own security and security service teams, with help from AI and automation.' However, a majority (63%) of organizations that suffered an AI breach said they either didn't have an AI governance policy or were still developing one. Even where there was a policy, less than half (45%) had an approval process for AI deployments, and 61% lacked AI governance technologies, according to the report. The threat posed by AI is not, of course, entirely related to lax internal governance and controls. The reported noted that one in six data breaches, or 16%, involved attackers using AI themselves, most often for AI-generated phishing (37%) and deepfake impersonation attacks (35%). Almost a third (29%) of organizations that experienced a security incident involving an AI model or application reported that the source was a software-as-a-service product provided by a third-party vendor. Additionally, 30% of such security incidents involved supply chains, including compromised apps, APIs and plug-ins. One in five surveyed organizations said they experienced a security incident involving unsanctioned, 'shadow' AI. The average global cost of a shadow AI breach, at $4.63 million, was about 4% higher than the overall average data breach cost. Recommended Reading How CFOs can protect data from cybersecurity attacks Sign in to access your portfolio
