By Chris Camacho
We are proud to share the findings of a Forrester Total Economic Impact™ (TEI) study that evaluates the cost savings and benefits enabled by Flashpoint’s trusted intelligence solutions. We commissioned the study to better understand the potential impact and return on investigation that we’re delivering for our customers and how we can continue to expand our partnerships within the security community.
Flashpoint commissioned Forrester Consulting to conduct this study and examine the potential return on investment (ROI) enterprises may realize by deploying its trusted intelligence services. Forrester conducted interviews across multiple teams to understand their experience using Flashpoint, in order to project a three-year financial analysis.
Prior to using Flashpoint, the customer had no single source for identifying potential risks, so they relied on ad hoc discussions with contacts in law enforcement and within the industry. This left the organization with unacceptable levels of business risk, exposure to fraud, delayed product releases, and wasted time investigating false security incidents.
After investing in Flashpoint, the customer gained critical information to evaluate and mitigate those risks, saving money and enabling more innovative and agile business operations.
We use it to look for insider threats, detect data exposure, uncover targeting of [people] or assets and to… identify new or emerging attack techniques.VP security manager, financial services
Forrester created a model that illustrates organizations that deployed Flashpoint could expect to experience a net present value of $1.9 million over 3 years, providing a 482% ROI, with a <3 month payback period.
This study shows the following benefits, demonstrating total benefits of $1.9 million:
INCREASED SECURITY TEAM PRODUCTIVITY DELIVERED $651,499 IN TIME SAVINGS
The organization would have needed to hire a team to attempt to duplicate Flashpoint’s access to and familiarity with multiple channels, markets and individuals who pose a threat to them. Flashpoint gives the existing analytical team access to a wealth of such information, curated for their needs, with no additional investment in personnel.
AVOIDED DATA BREACH COSTS DELIVERED $512,282 TO THE BOTTOM LINE
The advance notice Flashpoint provided to the organization of cybercriminals’ discussions and plans allowed the firm to close vulnerabilities in their system, which saved them from data breaches that affected their competitors.
REDUCED LOSSES FROM FRAUD TOTALED $873,722 OVER THE THREE YEARS
By giving the fraud team the ability to safely search illicit online communities and marketplaces, Flashpoint provided access to the fraud team to search for stolen credit cards, compromised credentials, and compromised accounts. They were then able to proactively put protections in place to prevent access, saving money and providing a valuable service for their own customers.
REDUCED FALSE INCIDENT INVESTIGATIONS SAVED THE ORGANIZATION $204,121 IN WASTED TIME
Because Flashpoint assists analyst teams in determining whether a given claim of incursion is real, it allows employees from a variety of teams to avoid wasting their time on false crisis reports.
This client study is one of countless engagements where Flashpoint has delivered value. These and other success stories are what drive the team each and every day, and we are excited every time we hear a success story where Flashpoint has delivered a meaningful impact to our customers in this dynamic security landscape. Additionally, the study outlines unquantified benefits, including eliminating risk of exposing company or brand to criminal activity, improved safety and security for public-facing executives and other employees, improved security team collaboration, and an increased perception of a proactive approach to risk management.
These outcomes are core to our mission to cultivate a community of focused, high-speed, informed security teams.
To access the full study, Forrester Total Economic Impact™ of Flashpoint, please visit: https://go.flashpoint-intel.com/docs/forrester/the-total-economic-impact-of-flashpoint