Fastly, Inc. (FSLY) experienced a surge of 5.06% on Tuesday, as the company's stock reacted positively to the findings of its annual Global Security Research Report, highlighting the growing demand for robust cybersecurity solutions and services.

The report revealed that businesses are taking longer than expected to recover from cybersecurity incidents, with an average recovery time of 7.3 months in 2024 - a staggering 25% longer than anticipated. Companies that planned to cut back on cybersecurity spending faced even more severe consequences, with an average recovery time of 10.9 months.

In response to the challenges posed by an increasingly sophisticated threat landscape, 87% of businesses surveyed indicated that they plan to increase investment in security tools over the next 12 months. However, despite the additional spending, half of the cybersecurity decision makers expressed concerns about being unprepared to deal with future attacks.