The Forrester Wave™: Cybersecurity Risk Ratings Platforms, Q2 2024
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The Total Economic Impact™ of the SecurityScorecard Platform
SecurityScorecard reduced third-party breaches by 75% – ROI of 176% in <6 months
This Total Economic Impact™ (TEI) study examines the return on investment (ROI) that a composite organization representative of interviewed customers achieved with SecurityScorecard — the leading supply chain cyber risk platform.
Based on customer interviews and financial modeling, Forrester determined that SecurityScorecard customers:
- Reduced risk of breaches from external third-party attacks with SecurityScorecard by 75%
- Achieved a return on investment (ROI) of 176% in <6 months
- Saved 15 hours onboarding per new critical vendor
- Automated 85% of time dedicated to third-party risk management and monitoring
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“To manage our current critical vendors and onboard new ones as needed, we would need 10 additional FTEs at the security engineering level.”
SecurityScorecard Customer