Independent Analyst Firm Calculates Cost Saving for Securing Cloud, Hybrid Cloud Infrastructures with Security-as-a-Service Solution
Houston – June 26, 2017– Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, today announced the results of a commissioned study that found an organization could experience benefit of $918,727 and a 348 percent return on investment over a three-year period with Alert Logic Cloud Defender. The Total Economic Impact (TEI) study, conducted by global analyst firm Forrester Consulting, was undertaken to determine the cost savings businesses would experience leveraging the services of Alert Logic Cloud Defender, the industry’s first fully-managed, cloud-native security and compliance solution, over hiring and retaining their own in-house staff to maintain the security and compliance requirements of their cloud and hybrid cloud infrastructures. The study calculated in-house security and compliance staffing costs avoided over three years with Alert Logic Cloud Defender at $617,085, regulatory compliance staffing avoided at $210,139, faster customer acquisition at $31,818 and storage infrastructure cost avoided at $59,684. The study also found that an organization would recoup its original investment for Alert Logic Cloud Defender within a 2-month time period.
For the study, Forrester Consulting conducted in-depth interviews with four Alert Logic customers who were responsible for securing their own and their customers’ sensitive data on multiple public cloud platforms and in hybrid cloud environments – a digital marketing agency, a Software-as-a-Service tool provider, an automobile distributor, and a retail consulting firm. Based on the interviews, Forrester synthesized their attributes into a single representative composite customer on which to the conduct the financial analysis: a $50 million engineering services firm with 200 employees, 10 global offices, and client compliance requirements that include SOX, HIPPA, PCI, and ISO 27001. Seventy-five percent of its client workloads have been transitioned to public cloud infrastructure from on-premises data centers, including Amazon Web Services (AWS), Microsoft Azure and various private regional cloud providers.
“Businesses grapple with trying to secure their data and their customers’ data in the cloud with traditional, on-premises-focused legacy security tools like unmanaged firewalls and SIEMs,” said Misha Govshteyn, Senior Vice President of Product and Marketing at Alert Logic. “The best way to keep pace with increasingly sophisticated and numerous cyber threats is coupling cloud-native security products with 24x7 managed security services.”
Prior to securing their cloud and hybrid cloud infrastructures with Alert Logic, the businesses interviewed for the study were challenged in various ways with their need to rapidly offer client services on public cloud infrastructure while assuring the security of their clients’ data and applications. These included an inability to cost-effectively keep pace with an ever-changing threat environment, need for 24x7 global security monitoring, expediently obtaining certifications and demonstrating regulatory compliance, an inability to actively monitor and review hundreds or thousands of daily log files and recruiting and retaining skilled security engineers and analysts to manage their infrastructure security internally.
In the study, Forrester adjusted the benefit amounts downward by as much as 35 percent to account for impact risk. Impact risk is the general likelihood that benefit estimates in studies can be higher than actual benefit results.
The full study, The Total Economic Impact of Alert Logic Security-as-a-Service, can be downloaded here.
About Alert Logic
Alert Logic connects an award-winning security platform, cutting-edge threat intelligence, and expert defenders to provide the best security and peace of mind for businesses 24/7, regardless of their size or technology environment. Thousands of organizations worldwide rely on Alert Logic’s SaaS-based Managed Detection and Response (MDR) solution to ensure the right level of security and compliance coverage. Founded in 2002, Alert Logic is headquartered in Houston, Texas, with offices in Austin, Cardiff, London, and Cali, Colombia.
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