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Thomas Stoesser l Jun 23, 2022 l Data Protection


FORRESTER REVEALS COMFORTE COULD DRIVE ROI OF 305%

At comforte, we’ve been talking about the benefits of data-centric security for
years. But for IT security buyers, having the right information to hand is
critical to making crucial purchasing decisions. That’s where Forrester’s Total
Economic Impact™ study commissioned by comforte comes in.
Based on a detailed interview with a global comforte customer and rigorous
industry analysis, it reveals that businesses could experience benefits of over
$26m and ROI of 305%.


WHAT WE DO

Organizations live and die by the quality of the data they process and manage.
It could be sensitive IP, trade secrets or highly regulated customer
information. In all cases, keeping that data safe from malicious third parties
and the risk of accidental leakage has become critical to global boardrooms. The
risk of a serious breach brings with it non-compliance fines, reputational
damage, legal and IT costs and many other negative impacts. And as organizations
continue to build out their digital infrastructure, the risks of a data security
incident increase.

Against this backdrop, comforte delivers a single platform for the continuous
discovery, classification, protection and monitoring of data—wherever it is in
the organization. Via industry best practice techniques like format-preserving
encryption and tokenization, we provide peace-of-mind to businesses that their
crown jewels are safe, no matter what.


WHAT FORRESTER FOUND

Forrester found that organizations won’t simply benefit from comforte by
reducing the costs associated with a potential data breach. They could also
score some major financial wins by simplifying their security environment,
enhancing compliance and auditing, and driving business agility.

In short, Forrester found that comforte could help organizations:

 * Simplify security by eliminating the need for network segregation and other
   costly technologies—with a potential associated benefit of $16.8m
 * Reduce the financial impact of a data breach by rendering any stolen data
   useless to hackers ($5.4m)
 * Eliminate legacy security solutions such as encryption products which can’t
   scale adequately ($3.2m)
 * Simplify auditing and compliance by, for example, taking data out of the
   scope of PCI DSS (over $1m)

These total quantifiable benefits added up to $26.4m, generating a net present
value (NPV) of $19.9m and an ROI of 305%.

However, Forrester also uncovered some unquantifiable benefits including:

 * Increased business agility from faster delivery of new business services and
   applications, which don’t have to meet strict compliance checks
 * Reduced data security friction and increased transaction speed because
   comforte allows organizations to minimize the number of security tools in
   play, and the friction between these
 * Enhanced compliance explanations, which reduces the workload on internal
   teams. This is because the checks themselves are easier, with protected data
   out of scope of PCI DSS and other regulations

The Forrester study is based on a best estimate of the kind of savings comforte
customers could generate. Of course, the scale of these will vary from
organization to organization. If you’d like to find out more, visit our
dedicated comforte Data Security Platform ROI Estimator. It features an
interactive model based on the Forrester report. Simply move the sliders to
answer a handful of simple questions and the tool will automatically calculate a
high-level estimate of the economic impact of comforte customized to your
specific business environment.

Whatever the benefits for your business, the headline remains the same:
data-centric security can significantly reduce cyber and financial risk. More
importantly, it frees IT teams to focus on the more important task in hand:
supporting business growth.

--------------------------------------------------------------------------------

Forrester is a registered trademark and service mark of Forrester Research, Inc.
and/or its affiliates in the U.S. and internationally and is used herein with
permission. All rights reserved.
The Total Economic Impact™ of comforte Data Security Platform is a Forrester
Consulting Total Economic Impact™ Study Commissioned by comforte. Published May
2022.

--------------------------------------------------------------------------------

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THE TOTAL ECONOMIC IMPACT™ OF COMFORTE DATA SECURITY PLATFORM

Forrester interviewed a decision-maker at an organization that utilizes
comforte. Before implementing comforte, the interviewee’s organization used a
legacy encryption solution. After implementing comforte, the interviewee’s
organization simplified its security environment, reduced the financial impact
of a data breach, eliminated its legacy solution, and made audit and compliance
checks easier.

Download Study


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