What is the economic impact of adding an External Attack Surface Management platform to your 2024 cybersecurity roadmap?
Because data breach crystal balls do not exist, calculating a cybersecurity budget can test the mettle of even the most breach hardened CISO. As large economic trends tug more heavily on business priorities, CISOs are increasingly being forced to strike a balance between OpEx versus OpSec spending.
Now a recently released study, commissioned by CyCognito and conducted by Forrester Consulting, gives security team leaders actionable budgeting guidance for projecting a three-year total economic impact an External Attack Surface Management (EASM) platform would have on a large enterprise.
The study, The Total Economic Impact Of The CyCognito Platform™, illustrates how an EASM platform can address nagging cybersecurity issues such as long risk remediation times, shadow IT, scarce security expertise and the growing challenge firms face getting their arms around their entire attack surface and protecting it.
The 27-page study is chock full of data insights based on dozens of real-world scenarios among four existing CyCognito customers interviewed by Forrester. Forrester created a representative example customer based on the data from all four that it calls a “composite” organization.
For example, the Forrester study commissioned by CyCognito, found a representative business can achieve a 490% return on their EASM solution investment (ROI) within three years with the CyCognito platform. Once deployed, CyCognito’s EASM platform can help security teams achieve meaningful reductions in time spent managing IT assets and related labor costs.
Specific reductions include:
- 60% in time spent by security teams on asset discovery.
- 70% in labor costs tied to asset contextualization, meaning who owns the asset and its business purpose.
- 15% in time spent remediating cybersecurity incidents.
The CyCognito Difference
Why and how EASM platforms help businesses reduce time, labor and security operations spending through automated asset discovery and identifying security risks is no secret. Less obvious is how CyCognito can achieve the results outlined in The Total Economic Impact Of The CyCognito Platform™ study by Forrester Consulting.
CyCognito achieves results by going beyond a typical EASM product. CyCognito distinguishes itself by fusing asset discovery, contextualization, testing, prioritization and remediation acceleration into a single product offering that can be managed via one highly intuitive dashboard.
By integrating typically siloed EASM functions together within a single framework, the parts are greater than the whole.
For the study, Forrester based its analysis on comparing the CyCognito platform to enterprise organizations that didn’t have an EASM solution but relied upon enormous amounts of manual efforts in the discovery, contextualization, security testing and remediation of their externally-exposed assets.
The purpose of this study is to arm business decision makers with economic intelligence to accurately evaluate the positive financial impact of the CyCognito platform on their organization.
Forrester’s analysis of benefits also include:
- Savings On Mergers, Acquisitions, And Divestiture
- Better Protection Against Security Exploits
- Licensing Cost
- Deployment Costs
- Labor Savings On Handling False Positives
To learn more about how the CyCognito platform impacts labor savings within security teams, delivers faster remediation of risks and reduces costs related to cybersecurity insurance, we invite you to read Forrester’s study The Total Economic Impact Of The CyCognito Platform™.
CyCognito solves one of the most fundamental business problems in cybersecurity: seeing how attackers view your organization, where they are most likely to break in, what systems and assets are at risk, and how you can eliminate the exposure. Founded by national intelligence agency veterans, CyCognito has a deep understanding of how attackers exploit blind spots and a path of least resistance. The Palo Alto-based company is funded by leading Silicon Valley venture capitalists, and its mission is to help organizations protect themselves from even the most sophisticated attackers. It does this with a category-defining, transformative platform that automates offensive cybersecurity operations to provide reconnaissance capabilities superior to those of attackers.