October 31, 2024 at 10:09AM
A Forrester study commissioned by Cynet highlights significant cost savings from their All-in-One Cybersecurity Platform, totaling $2.73 million. Key savings include $280,000 from consolidating solutions, $933,000 from preventing breaches, $349,000 on incident management, and $1.8 million from efficient orchestration. Additional intangible benefits enhance user experience.
### Meeting Takeaways:
**Overview:**
Forrester Consulting conducted “The Total Economic Impact™ of Cynet All-in-One Security,” highlighting the financial benefits of Cynet’s cybersecurity platform for small-to-medium enterprises (SMEs). The study illustrates significant cost savings, a fast return on investment, and enhanced operational efficiency.
**Key Findings:**
– **Financial Impact:** Cynet’s platform generated $2.73 million in savings for customers, achieving a payback period of under six months and a return on investment of 426%.
– **Free Download:** The full Total Economic Impact™ Study is available for download.
**Proof Points of Cost Savings:**
1. **Unified Solution Cost Savings:**
– **Savings:** $280,000 by replacing multiple standalone cybersecurity solutions.
– **Details:** Cynet’s platform consolidates security capabilities, reducing licensing, integration, and maintenance costs. The in-house Managed Detection and Response (MDR) service replaces the need for outsourced Security Operations Centers (SOCs), adding further savings.
2. **Prevented Data Breaches:**
– **Savings:** $933,000 from successful prevention of data breaches.
– **Details:** Integrated security capabilities provide seamless detection and response, achieving 100% detection and analytic coverage during the MITRE ATT&CK Evaluations.
3. **Reduced Incident Investigation and Reporting:**
– **Savings:** $349,000 through automation.
– **Details:** Cynet automates incident detection and reporting, decreasing investigative efforts by 88% and exceeding manual reporting efficiency by 98%.
4. **Efficient Orchestration Savings:**
– **Savings:** $1.8 million by integrating security components.
– **Details:** Built-in Security Automation and Orchestration (SOAR) capabilities streamline operations, eliminating the need for third-party solutions.
**Additional Benefits:**
– Unquantifiable advantages include improved work-life balance for IT and security analysts, faster onboarding processes, and simplified training and upskilling experiences.
**Conclusion:**
Cynet’s All-in-One Cybersecurity Platform delivers significant financial and operational benefits to SMEs and managed service providers, enhancing their cybersecurity efforts while maximizing ROI.
**Action Item:**
– Interested parties are encouraged to sign up for a custom demo to see Cynet’s solution in action.
**Sponsor:** The information is sponsored and written by Cynet.