70% Reduction in Vendor Onboarding Time, 40% Efficiency Gains in Security Reporting and Monitoring the External Attack Surface, and Decreasing Probability of Breach From Third-Party by 75% Drove a Payback Period of Less Than 6 Months
BOSTON, Oct. 15, 2024 /PRNewswire/ — Bitsight, the global leader in cyber risk management, today announced the results of the new Total Economic Impact™ of Bitsight, a commissioned study conducted by Forrester Consulting analyzing the cost, benefit, flexibility and factors affecting an investment decision. The research found that Bitsight’s comprehensive External Attack Surface Management and Third Party Risk Management offerings reduced cyber risk, while delivering an investment return of 297% over three years. Additionally, the solution paid for itself in less than 6 months. The findings come on the heels of the The Forrester Wave™: Cybersecurity Risk Ratings Platforms, Q2 2024 report, which named Bitsight as a Leader, receiving the highest score in the strategy category.
“The challenges facing risk and security…
