SAN FRANCISCO--(BUSINESS WIRE)--Horizon3.ai, a leading provider of autonomous security solutions, today announced the findings from a commissioned study, “The Total Economic ImpactTM of the NodeZero Platform, October 2023,” performed by Forrester Consulting. It shows how the composite organization studied received vulnerability and risk intelligence that exceeds traditional approaches through use of the NodeZero platform and achieved a three-year 63% return on investment (ROI). In addition, operations time savings freed up the equivalent of one member of their four-member security team to focus on other security initiatives.
The study released today is based on six Horizon3.ai customers from four organizations who were interviewed by Forrester Consulting. These users span the entertainment, manufacturing, healthcare, and construction industries and the quantified benefits they experienced formed the framework for Forrester’s Total Economic Impact (TEI). By aggregating the customers’ characteristics, Forrester created a composite company with 2,000 employees and $500 million in annual revenue for its analysis. Forrester’s multistep approach included an evaluation of the costs, benefits, flexibility, and risk factors yielded from the investment in NodeZero for this profile, while also comparing NodeZero to those customers’ earlier penetration testing and vulnerability scanning approaches.
Key findings for the benefits and cost savings over a three-year period were improvement in security operations productivity by 30% worth $348,000, avoided costs of $255,000 by eliminating third-party penetration tests, and savings of $206,000 from reduced vulnerability scanner expenses. This resulted in a financial benefit of $809,000 for this composite organization, and a total value of $1.63 for each dollar spent. The study also highlights many additional security and business benefits that provided significant value but were not quantified in the study.
“Cost, time, and labor savings that deliver significant ROI were core to our original design of NodeZero and remain core to our enhancements as the platform continues to scale. We know that NodeZero is delivering concrete and measurable results; we hear it every day from our channel partners and customers that range from Global 100 heavyweights to small educational organizations. We chose midsize companies in our user base with revenues ranging from $500 million to $1.5 billion for this independent analysis by Forrester, an esteemed research firm. We’re planning similar studies for our other key customer segments that include MSSPs, consulting pentesters, and very large enterprises,” said Snehal Antani, CEO of Horizon3.ai.
Direct quotes from the interviewed organizations reveal a common thread throughout the study about their key challenges prior to adopting NodeZero. They included expensive, inconsistent, and ineffective third-party penetration tests, lack of exploitable vulnerability prioritization, and how the use of siloed or underperforming security tools led to poor insights. Readers will also learn how NodeZero improved the interviewed organizations’ security operations productivity, provided measurable and quantifiable benefits, delivered reductions in cost for previous solutions, and enabled a long list of other benefits.
The director of IT security at the manufacturing organization said, “We use [NodeZero] very heavily and regularly. It is an incredible tool ... Horizon3.ai is an absolutely phenomenal vendor. They’re just constantly exceeding my expectations. It’s a great product, it’s a great team, and it massively helped us secure both our company and when we did an acquisition about a year ago.”
“When we had [third-party penetration testers], it would take four to six weeks to figure out exactly what we would work on in what order, and we would never be able to do everything. We would target 33% to half of the report, and what would happen is maybe two-thirds of the things we thought we addressed were fixed, but a third of them would reappear on the report the next year. Meaning that even though we thought we resolved it, we really didn't,” stated the CIO at the construction organization.
The director of information security at the entertainment organization shared, “Anything critical – the team will concentrate on those, get that fixed, and then go back and click verify, which is amazing. To me, that alone, on top of everything that [Horizon3.ai] offers, is priceless. Because it’s super fast, and it’s pinpointing exactly what I want to look for. Instead of running a five-day test, I can run [NodeZero] probably within the hour and I can get an answer.”
The identities of the customers are not disclosed in “The Total Economic ImpactTM of the NodeZero Platform, October 2023.”
For organizations that face similar challenges and must make comparable decisions as those found in the Forrester TEI study, Horizon3.ai suggests they download the study and see for themselves what these customers said about NodeZero. These customers note that it has considerably improved their company’s security postures, while providing a notable return on their investment over previous cyber risk assessment approaches.
To read the full TEI study, visit https://www.horizon3.ai/tei-study/
The NodeZeroTM platform empowers your organization to continuously find, fix, and verify your exploitable attack surface. It is the flagship product of Horizon3.ai, founded in 2019 by former industry and U.S. National Security veterans. Our mission is to help organizations see their networks through the eyes of the attacker and proactively fix problems that truly matter, improve the effectiveness of their security initiatives, and ensure that they are prepared to respond to real cyberattacks.
Visit https://www.horizon3.ai/ for a free trial. Follow on X, formerly known as Twitter, @horizon3ai.