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Rapid7 Managed Detection and Response Services Delivered 549% Return on Investment According to Leading Independent Research Firm
Total Economic Impact (TEI) study reveals that customers also achieved a 90% reduction rate in likelihood of major security breachBOSTON, June 23, 2022 (GLOBE
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[{"type":"text","content":"Total Economic Impact (TEI) study reveals that customers also achieved a 90% reduction rate in likelihood of major security breachBOSTON, June 23, 2022 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced findings from a new commissioned study conducted by Forrester Consulting on behalf of Rapid7 quantifying the Total Economic Impact™ (TEI) and benefits of the company’s managed detection and response (MDR) services. Through comprehensive customer interviews and financial analysis, Forrester found that Rapid7’s MDR service provided a 549 percent return on investment over three years for a composite organization. As the threat landscape becomes increasingly fragmented and complex, security operations teams require the right tools, resources, and processes to effectively secure their environments. According to the study, “Rapid7 MDR services extend a security team’s ability to detect, triage, investigate, and actively respond to threats through 24/7/365 monitoring and security operations designed to stop cyber threats.” \"Threats are growing, but security teams are not, and the problems these teams need to solve cannot be addressed by technology alone,\" said Jeremiah Dewey, vice president of managed services at Rapid7. \"Customers need true partnership, and that is at the center of our MDR mission. We believe this study further validates the value of partnering with Rapid7 and shows the immense benefit of investing in a world-class service to supplement the technology\". “With Rapid7 MDR, there is peace of mind in knowing that we have completion of response and [knowing] there is an expert helping us with incident response,” said a director of information security at a financial service firm interviewed for the study. “I’d say we’re 100% more prepared to handle a security incident with Rapid7 MDR.” Key FindingsThe key findings of the Forrester TEI study on Rapid7 MDR include: 90% reduction in the likelihood of a major security breach: By implementing Rapid7 MDR with 24/7 coverage, the composite organization gained greater efficiency to detect, investigate, respond, and remediate, lowering the likelihood of successful data breaches, and decreasing the impact of cyberattacks. This resulted in $1.6 million (PV) in savings over three years.Significant time savings and...