In today’s digital landscape, where cyber threats are growing in frequency and diversity while organizations strive to maintain operational resilience, strategic investments in cybersecurity are paramount. What is even more important, is understanding the tangible benefits and economic impact of these investments for informed decision-making. Forrester recently conducted a Total Economic Impact study of RiskRecon Threat Protection to dive deeper into the numbers.
Forrester’s study was initiated to quantify the benefits and costs associated with implementing RiskRecon Threat Protection. To achieve this, Forrester interviewed four representatives from organizations using the solution. These insights were aggregated and synthesized to create a composite organization, allowing Forrester to project the potential impact for a typical organization interested in the solution. The composite organization is a European B2B e-commerce company with a significant presence in the US and globally. It has an annual revenue of $190 million and employs 1,000 people, including 5 full-time security engineers. Based on this organization, here are the three key quantitative takeaways from the study:
211% Return on Investment
One of the standout metrics from the Forrester study is the impressive return on investment achieved by organizations leveraging RiskRecon Threat Protection today. The ROI metric underscores the solution’s ability to deliver substantial value by mitigating risks effectively and optimizing operational efficiencies. A few of these savings included in this calculation are:
- 1% incremental revenue gained from improved business uptime
- 8 hours saved per security engineering team member to respond to and remediate a serious attack
- 90% of reclaimed productive hours from the remaining employee base due to a reduction in outages
- 50% time savings for regulatory and compliance tasks
$1.02M Net Present Value (NPV)
Overall, the three-year, risk-adjusted present value of quantified benefits for the compositive organization represents an NPV of $1.02M. This calculation leverages the assumptions from the section above and the following three risk-adjusted benefits:
- First, by utilizing RiskRecon Threat Protection, the composite organization experiences improved uptime by safeguarding against DDoS and other malicious attacks. This protection ensures uninterrupted access to external facing applications and prevents downtown. As a result, the composite organization has an incremental net operating revenue of $510,300 over three years.
- Second, with RiskRecon Threat Protection, the composite business enhances the security engineering team’s efficiency by reducing the attack detection, response, and remediation times. These improvements yield a financial impact of $833,500 over three years.
- Third, the composite organization benefitted from efficiencies from regulatory and compliance requirements. RiskRecon Threat Protection significantly helped reduce the time spent on regulatory and compliance tasks representing a saving of $167,500 over three years.
<6 months Payback Period
Last but not least, by deploying RiskRecon Threat Protection your organization can recuperate its investment in as quick as 6 months! This time period reflects the time taken for the cumulative benefits to offset the initial investment costs. A short payback period is critical and demonstrates RiskRecon Threat Protection’s rapid effectiveness in delivering tangible results.
In summary, Forrester’s comprehensive analysis of RiskRecon Threat Protection provides compelling evidence of its transformation impact on any organization’s cybersecurity strategy. The study not only quantifies the financial benefits but also underscores the solution’s role in enhancing operational resilience and regulatory compliance. As organizations navigate increasingly complex cyber threats, insights from Forrester’s study serve as a valuable guide for decision-makers looking to bolster their cybersecurity defense effectively and efficiently.
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