CybelAngel Delivers 359% Return on Investment for Customers
CybelAngel commissioned a Total Economic Impact (TEI) study by Forrester Consulting to determine the Return on Investment for customers using CybelAngel’s world-leading external risk protection platform.
The study reveals that a composite CybelAngel customer achieves a 359% return on investment over three years, reduces cyber insurance premiums by 10%, and avoids two major data breaches per year.
To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed several representative customers with experience using CybelAngel. Key results from the investment include avoiding the need to hire additional security analysts, saving cyber insurance premiums, and avoiding the expenses associated with data breaches.
Forrester notes the primary force driving ROI comes from preventing two breaches a year valued at $2.1 million. Due to the reduced number of breaches and digital risk further savings are captured in the form of reduced cyber insurance premiums which decreased by 10%. The final savings are found in reducing labor costs of two Full-Time Employees valued at $860,000 over three years.
This study is a major step forward in making the case for proactive cybersecurity in the form of external digital risk protection. Faced with rising labor costs, shifting threats, and growing attack surfaces organizations need to be looking for provable solutions that can provide measurable return on investment.
To read the full TEI study or learn more about CybelAngel click here.