Study calculates total projected benefits of up to $1.7 million
HONG KONG SAR – Media
OutReach – 25 June 2021 – (;),
a global
cybersecurity leader, today announced a new study revealing that
its hybrid cloud security services can save thousands of person-hours per year
on security administration. Forrester
Consulting surveyed and interviewed 97 Trend Micro Cloud One customers and drew
the conclusion that the services can enhance developer value and save costs on
breach risks, threat detection and response and legacy tooling.
Access a full copy of the Forrester study commissioned by
Trend Micro, New Technology: The Projected Total Economic Impact™ Of Trend
Micro Cloud One™ Security Services Platform here: https://resources.trendmicro.com/TEI-Cloud-One-Study.html
The Forrester study found that many organizations set-up new
cloud accounts and instances without protection or utilize either legacy
on-premises solutions or platform-native services. This leads to gaps in
protection, low visibility, too much manual work and inconsistent policy
application across cloud environments.
The
Forrester study noted that the Trend Micro Cloud One platform enables customers
to simplify their cloud security environments, and even accelerate their
overall cloud migration. The study noted that “Trend Micro Cloud One enabled
customers to reduce their risk of a security breach, view all cloud assets and
threats from a single pane of glass, automate posture management and threat
detection and response, and consistently apply the appropriate policies
regardless of platform or cloud service provider.”
“Digital
transformation is at the top of the to-do list for today’s global
organizations, as they look to support distributed working and drive
post-pandemic agility and growth with cloud adoption. But emerging security
gaps can undermine all this good work,” said Wendy Moore, vice president of
product marketing for Trend Micro. “We’re proud to offer a leading cloud
security solution on which customers can consolidate, simplify and drive-up
protection whilst lowering costs and cyber-risk.”
It quantified the main projected benefits of Trend Micro
Cloud One as follows:
- Annual
time saved on
security administration of between 2,100 and 6,200 hours thanks to
automation and posture management visibility. - Reduced
cost of threat detection and response
of between 19% and 27% by reducing false positives and automating investigation
and response. - Added
value to development
of between 8% and 16% by reducing the time developers spent on security work
and accelerating time-to-value of development work. - Reduced
cost of ownership of legacy security tools between 8% and 26% by minimizing direct spend and
outlays on servicing these tools. - Cost
savings from reduced risk of a breach
between 6% and 16%, thanks to improved security and employee productivity
otherwise lost to breach downtime.
Over
a three-year period, Forrester projected ROI for Trend Micro Cloud One of
12-188%, net present value (NPV) of $73K-$1.1 million and total projected
benefits of $664K-$1.7 million.
Trend
Micro is continually innovating to deliver simple, robust, and industry leading
protection for customers at any point of their digital transformation through
its cybersecurity platform. An important part of this security ecosystem is
Trend Micro Cloud One with services designed for applications, network,
workloads, file storage, containers, open source and cloud security posture
management across cloud and datacenter environments. This empowers consumers to
confidently invest and grow their cloud adoption without sacrificing their
security.
Research Methodology
Forrester aggregated the experiences of 97 interviewed and
surveyed current customers of Trend Micro Cloud One and combined the results
into a single composite organization for the purpose of this study. A
three-year projected financial analysis was calculated for this global,
business-to-consumer composite organization, which generates $2.4 billion in
revenues annually, employs 5,000 people and is undergoing a three-year digital
transformation program.
Source link
Odisha Samachar Odisha Breaking News , Odisha Current News , Odisha News
