Kaspersky saves industrial business $1.7m, reveals independent study
Kaspersky has saved one of its clients $1.7 million – representing a 135% return on investment (ROI) – through using the Kaspersky Industrial CyberSecurity for Networks, according to a commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting. Following an interview with the client, an electricity provider with 400 substations, Forrester calculated the saving based on the benefits, costs, and risks associated with the investment, before projecting a three-year financial analysis. Since implementation, the business interviewed had faced zero security incidents as a result of the solution’s success.
To reach the $1.7m saving, Forrester balanced the reduced risk of a cybersecurity breach, the reduced risk of damaged equipment and the improvement in the asset management program against the cost of Kaspersky Industrial CyberSecurity for Networks licenses and the cost of training employees to learn the capabilities of the solution. The reduced risk of a cybersecurity breach and the reduced cost of damaged machinery was calculated to be worth $2.9m over three years, while the cost of licenses and training was calculated to be $1.2m over the same period.
“The pandemic has clearly resulted in tough choices for businesses when it comes to cutting back and making difficult budgetary decisions. This Forrester analysis is therefore very timely in demonstrating that the cost of not investing in cybersecurity solutions can be far greater than making a smart, strategic investment in building a strong cybersecurity posture,” says Alexander Moiseev, Chief Business Officer at Kaspersky.
“We’ve also seen that cyberthreats are becoming more sophisticated and can result in severe consequences. The recent cyberattack on the Colonial Pipeline in the US, which resulted in a six-day outage, underlines the potential harm of attacks on critical infrastructure. It’s clear that businesses in the industrial sector must ensure stringent protection measures are in place,” adds Moiseev.
Kaspersky Industrial CyberSecurity for Networks provides visibility over industrial assets alongside alerts about potential threats. It achieves this through asset discovery, network monitoring and integrity control and intrusion detection, all without affecting continuity or having a detrimental influence on critical processes.
Learn more about the Forrester Total Economic Impact™ (TEI) study and the ROI that KICS for Networks brings to customers by reading the full study here.