Industrial company saves $ 1,7 million with Kaspersky Industrial CyberSecurity for Networks. Thanks to the solution, the company has had no more security incidents to complain about since implementation.
Kaspersky was able to help one of its customers save $ 1,7 million with the Kaspersky Industrial CyberSecurity for Networks solution, according to a Total Economic Impact (TEI) study commissioned by Forrester Consulting. This corresponds to a return on investment (ROI) of 135 percent. After speaking to the customer, a utility company with 400 substations, Forrester calculated the savings based on the benefits, costs and risks associated with that investment over a three-year period. Thanks to the solution, the company has had no more security incidents to complain about since implementation.
No damage - saved money
To calculate the $ 1,7 million savings, Forrester has reduced the risk of a cybersecurity incident and damaged equipment and improved its asset management program against the cost of licensing Kaspersky Industrial CyberSecurity for Networks and the financial expense of employee training weighed up to use the solution. The reduced risk of a cybersecurity incident and lower cost of damaged machinery was estimated at $ 2,9 million over three years, while licensing and training expenses were calculated at $ 1,2 million over the same period.
Not investing in cybersecurity solutions doesn't save
“The pandemic has resulted in difficult decisions for companies, especially when it comes to budget decisions and cuts,” said Alexander Moiseev, Chief Business Officer at Kaspersky. “The Forrester analysis therefore shows more timely than ever that the cost of not investing in cybersecurity solutions can be far greater than making a smart strategic investment in building strong cybersecurity. Cyber threats are becoming more sophisticated and can have serious consequences. The recent attack on the US Colonial Pipeline, which resulted in a six-day outage, underscores the potential damage of attacks on critical infrastructure. It is clear that companies in the industry must ensure strict protective measures."
Kaspersky Industrial CyberSecurity for Networks provides not only warnings about potential threats but also transparency about industrial assets. This is achieved through asset discovery, network monitoring, integrity control and intrusion detection without affecting business continuity or adversely affecting critical processes.
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About Kaspersky Kaspersky is an international cybersecurity company founded in 1997. Kaspersky's in-depth threat intelligence and security expertise serve as the basis for innovative security solutions and services to protect companies, critical infrastructures, governments and private users worldwide. The company's comprehensive security portfolio includes leading endpoint protection as well as a range of specialized security solutions and services to defend against complex and evolving cyber threats. Kaspersky technologies protect over 400 million users and 250.000 corporate customers. More information about Kaspersky can be found at www.kaspersky.com/