Expenses reduction and business advantages were calculated in the survey titled “The Total Economic Impact of Cynet All-in-One Security,” a study commissioned by Forrester Consulting on behalf of Cynet in October 2024.
The framework of The Total Economic Impact
Study assists organizations in comprehending the financial impacts of their strategic technology investments.
After consulting customers who have utilized Cynet, Forrester identified that Cynet’s All-in-One Cybersecurity Platform brought about savings of $2.73 million, covering its expenses within six months, resulting in a 426% return on investment.
1. Customers saved $280,000 with Cynet’s unified Cybersecurity Platform replacing various individual security tools.
Through consolidating a complete set of security features into one straightforward All-in-One Platform, Cynet empowers customers to evade the expenses of licensing, integrating, and maintaining a complicated standalone security toolset.
Furthermore, Cynet’s unified Platform is supported by an internal Managed Detection and Response (MDR) service to deliver non-stop monitoring and aid.
This instant assistance from expert security analysts eliminates the necessity for customers to pay for external Security Operations Center (SOC) services.
Due to this exclusive blend of features, Cynet customers spared $279,500 on cybersecurity infrastructure licensing and maintenance across three years.
2. Preventing data breaches led to $933,000 in savings for Cynet customers.
The repercussions of a data breach can be devastating for the small and medium businesses Cynet aims to safeguard. Cynet engineers, adopting a philosophy of self-creation, seamlessly integrated all necessary security features within the All-in-One Platform, such as endpoint detection and response, network traffic analysis, intrusion detection, threat intelligence, and MDR.
Since all these features were developed from scratch, they function cohesively to detect, prevent, and address data breaches efficiently.
Cynet set a milestone in the latest MITRE ATT&CK Evaluations. A vendor achieved a historic 100% Detection *and* 100% Analytic Coverage for the first time, without any setup changes. This implies outstanding protection straight out of the box.
Therefore, Cynet customers circumvented $933,000 in damages due to data breaches.
3. Efforts reduction in investigation and incident reporting resulted in $349,000 saved by Cynet customers.
Cynet’s All-in-One Cybersecurity Platform automates incident response. Integrated capabilities for detection, forensic examination, and response empower analysts to handle potential incidents with 88% less effort.
In addition, Cynet autonomously produces comprehensive incident reports, including detailed dashboards, minimizing manual reporting chores by 98%.
By fully automating the incident detection, handling, and reporting procedures, Cynet saved customers $349,000 over three years.
4. Efficient orchestration of cybersecurity components led to $1.8 million in savings for Cynet customers.
Once again, Cynet’s strategy of self-creation distinguishes it. Unmatched user-friendly experience is the outcome of integrating comprehensive capabilities flawlessly within Cynet’s All-in-One Platform.
As extensive Security Automation and Orchestration (SOAR) features are ingrained in the All-in-One Cybersecurity Platform, Cynet customers are spared the need to procure a separate SOAR solution from an external vendor.
By enabling security teams to streamline operations and minimize expenses, Cynet saved customers $1.8 million over three years.
Extra benefits noted in The Total Economic Impact Study include various immeasurable advantages. Numerous of these perks benefit the IT and security analysts who utilize Cynet daily, such as enhanced work-life equilibrium, expedited onboarding, and simplified training and improvement.
This collection of gains, in conjunction with the prospects to maximize ROI, highlights the worth brought by Cynet’s All-in-One Cybersecurity Platform to small and medium businesses and managed service providers globally.
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The article Cynet Security Achieves 426% ROI in Forrester Total Economic Impact™ Study was initially published on Cyber Security News.