Switching to a new technology solution can be a gamble. With the right information to make your decision, you can be guided to base your purchase on a validated economic model and real-world enterprise customer experiences. (Your CFO would be proud.)
That’s why JupiterOne commissioned Forrester Consulting to assess the economic impact of our cyber asset attack surface management (CAASM) platform and help you better understand the return on investment (ROI) you may experience after deploying our solution. As part of the assessment, Forrester conducted a thorough interview and analysis process with four companies using JupiterOne, the results of which were compiled in the new study, “The Total Economic™ Impact of JupiterOne.”
According to the study, the composite organization based on interviewed JupiterOne customers experienced a return of 332 percent on their investment, which includes benefits of $3.88M over three years versus costs of $928,000, adding up to a net present value (NPV) of $2.95M. The organization using JupiterOne found their investment fully paid back in under six months.
The study is packed with insights into the value companies can realize using JupiterOne to gain complete asset visibility, optimize their security and compliance workflows with greater context, and shrink their attack surface. To better understand the benefits, costs, and risks associated with this investment, Forrester built a combined profile based on the study’s participants and created a composite organization that reflects the description and experience of the interviewed JupiterOne customers, including $500 million in annual revenue, 1,500 employees, 20 full-time employees dedicated to security operations functions, and 250,000 cyber assets across their digital environment.
Using the composite organization’s scenario as basis, Forrester estimates the following financial benefits out of a three-year investment in JupiterOne:
- $1.98M reduction in security risk from the diminished attack surface
- $928,302 reduction in business risk associated with a severe security breach
- $500,239 in SecOps incident response efficiencies from improved cyber asset visibility
- Enhanced compliance and certification posture worth $463,426
Let’s dig into these numbers.
Modernizing cyber asset inventory
Making sense of an ocean of cyber assets – 250,000 of them in the case of the composite organization – can be a lot to take in for anyone.
Adding to this, an over-reliance on legacy security and IT tools, along with rudimentary spreadsheets, has disadvantaged security teams and kept them in the dark when it comes to quantifying their entire cyber asset ecosystem – let alone understanding the hidden connections between those assets.
That’s why it’s not surprising to hear that the asset discovery graph was cited as a key reason why interviewed organizations invested in JupiterOne. The dynamic visualization provides a consolidated view of your environment, including reliable data on asset inventory across multiple cloud service providers, easy cloud-native integrations out-of-the-box, the status of endpoints and real-time data on what’s happening, and fast refreshes of your organizational cyber footprint. More broadly, this view helps you understand the security context of the cyber assets within your digital environment.
Without this information at your fingertips, your team would be unable to respond in real-time and instead have to manually sift through emails, spreadsheets, and a heavy backlog of security incidents — often losing out on precious time to contain security threats in the process.
Cyber asset management platforms like JupiterOne have become even more essential to secure and protect organizations. With the JupiterOne CAASM platform, you gain complete visibility into your cyber asset landscape, serving as a cornerstone for your security program.
Reducing the attack surface
Every cyber asset serves as an entry point to your digital environment, expanding the attack surface as a result. The move to the cloud has made it easier and less expensive for new cyber assets to be added by users in your organization, sometimes unbeknownst to your security and IT teams. These assets are sometimes tied to subscriptions or even occupy costly space in your digital environment, both at a cost as they can open up access and security to critical business data and information. Accounting for all of your cyber assets and understanding the scope of your attack surface is not just a good security measure but an important one for key financial reasons.
With JupiterOne, your organization can uncover and decommission a trove of ungoverned and misconfigured cyber assets. The Forrester study calculated that in doing so, an organization could reduce its attack surface by 150 percent in the first year, allowing them to reduce the organization’s exposure to the inherent data security risks to vendors and regulatory compliance institutions.
Now, if you’re wondering how something can be reduced by 150 percent (as reducing it by 100 percent would essentially eliminate it), that is because JupiterOne allows you to uncover more cyber assets than you were previously able to see, so this reduction accounts for the additional assets you can now see.
The financial benefit of a reduction in security risk from a diminished attack surface can add up to $1.98M over three years, according to the Forrester TEI study. However, decommissioning these assets can also provide additional unquantified benefits such as terminated subscriptions from unused assets, storage and computing cost savings, among others.
Optimizing security and compliance
Visibility across all your cyber assets isn’t just for inventory’s sake. This information, along with additional context from its correlation, becomes most useful when it serves as the foundation of your security operations and compliance practice.
The study found that JupiterOne can help reduce the hours needed by a SecOps team to manually identify cyber assets during a severe security breach. This shortened response time has cascading impacts on organizational end users’ uptime while simultaneously reducing the risk to customers and brand reputation with each breach. Using the composite organization as a basis to calculate the possible financial impact of this benefit, Forrester estimates a three-year reduction of $928,302 in business risk associated with a severe security risk.
Similarly, Forrester estimates an 85 percent reduction in the number of SecOps resource hours devoted to manual investigation and identification of cyber assets, for savings of $500,239 across three years.
With JupiterOne, your organization can streamline manual security operations and reallocate the time and resources saved onto other critical aspects of your business, such as shifting focus from operational issues to proactive security initiatives.
As for compliance, the study’s findings were even more impressive. With JupiterOne’s powerful compliance solution that automatically gathers evidence, maps it across various compliance frameworks, and helps you proactively manage your next audit, Forrester found that organizations can avoid purchasing a separate compliance solution.
In addition, JupiterOne significantly reduces the amount of IT and SecOps hours dedicated to compliance and certification, estimated at 75% for the first year of certification. Attaining certifications such as FedRAMP can open up new markets for your business, as was the case of one of the companies interviewed by Forrester.
Your business can use JupiterOne to significantly improve SecOps and compliance efficiency, increase analysts’ bandwidth and allocation, and save millions each year by diminishing the attack surface, thereby reducing cyber risk. Don’t just take our word for it – download Forrester’s Total Economic Impact of JupiterOne today.
THE RESULTS ARE IN — JUPITERONE YIELDS A THREE-YEAR 332% ROI.