Guide to the CyberSavings KPI
Learn more about how your CyberSavings are determined
It can be extremely difficult, if not impossible, to demonstrate any Savings from your cyber security investment. At best its like insurance – pay the premium and hope for the best, but if it all goes wrong then at least you are covered for your losses.
Not now. We believe that the data provided by your tools is highly valuable and can be used to demonstrate financial savings – after all, if you didn’t have them then what would have happened if they hadn’t blocked that attack or dangerous email?
We utilize that UK Governments National Cyber Security Centre (NCSC) latest published data on the average cost of a cyber-attack for an SME, industry leading data on the cost of Incident Response and Disaster Recovery costs, ad attribute financial values against the attacks that your security tools have detected and blocked, and services your IT/Cyber Security teams have purchased to respond and recover from potential and actual cyber-attacks, to calculate your potential CyberSavings.
NOTE
CyberSavings is a probabilistic financial value based on average costs and likelihood of detected activity having resulted in a cyber-attack. This figure is more likely to be underestimated than overestimated, but countless variables could render the CyberSavings calculation inaccurate. On the balance of probability, your CyberSavings is a good indicator of the value you are receiving from the security tools you have invested in.