Rapid7’s managed discovery and response services provide 549% return on investment according to a leading independent research firm

Fast 7

The Overall Economic Impact Study (TEI) reveals that customers have also achieved a 90% reduction in the likelihood of a serious security breach

BOSTON, June 23, 2022 (GLOBE NEWSWIRE) – Rapid7, Inc.. (NASDAQ: RPD), a leading provider of security analysis and automation, today announced the findings of a newly commissioned study conducted by Forrester Consulting on behalf of Rapid7 to quantify Total Economic Impact (TEI) and the benefits of managed detection and response. of the company (MDR) services. Through extensive customer interviews and financial analysis, Forrester found that Rapid7’s MDR service provided a 549 percent return on investment over three years for a combined organization.

As the threat landscape becomes increasingly fragmented and complex, security teams need the right tools, resources, and processes to effectively protect their environments. According to the study, “Rapid7 MDR services expand the security team’s ability to detect, sort, investigate and actively respond to threats through 24/7/365 surveillance and security operations designed to stop cyber threats.”

“Threats are growing, but security teams are not, and the problems these teams need to solve cannot be solved by technology alone,” said Jeremiah Dewey, vice president of managed services at Rapid7. “Customers need a real partnership, and that’s at the heart of our MDR mission. We believe that this study further confirms the value of the partnership with Rapid7 and shows the enormous benefits of investing in a world-class service that complements the technology. ”

“With Rapid7 MDR, there is peace of mind when we know we have a complete answer and [knowing] there is an expert who helps us react to incidents, ”said an information security director at a financial services company interviewed for the study. “I would say we are 100% better prepared to deal with a security incident with Rapid7 MDR.”

Key findings
The main findings of the Forrester TEI study for Rapid7 MDR include:

  • 90% reduction in the likelihood of a serious security breach: By deploying Rapid7 MDR with 24/7 coverage, the combined organization has achieved greater detection, investigation, response and elimination efficiency, reducing the likelihood of successful data breaches and reducing the impact of cyberattacks. This resulted in $ 1.6 million (PV) savings over three years.

  • Significant time savings and efficiency gains: By using Rapid7 MDR, on average, security team members achieved efficiency and reduced analysts’ time spent investigating alerts by 87.5%, responding by 97.5%, and reporting by 83.3%.

  • Avoid hiring additional staff for the team of security analysts: By eliminating the need to provide 24/7/365 internal security coverage, the composite organization avoids rising costs with additional security FTEs, resulting in savings of $ 1.5 million (PV) over three years.

  • Greater visibility of threats in today’s environment with XDR coverage: Customers noted that they were finally able to have full visibility in the security of all devices in their enterprise with Rapid7 technology, which allows them to improve their overall security position.

“The overall economic impact Ra of Rapid7 managed detection and response” is available for download here.

About Rapid7
Rapid7 (Nasdaq: RPD) enhances security with visibility, analysis and automation provided through our Insight cloud. Our solutions simplify the complex, allowing security teams to work more efficiently with IT and development to reduce vulnerabilities, monitor malicious behavior, investigate and rule out attacks, and automate routine tasks. More than 10,000 customers rely on Rapid7’s technology, services and research to improve the security performance and secure progress of their organizations. For more information visit our websitetake a look at our blogor follow us LinkedIn or Twitter.

Contacts
Rapid7 Investor Relations:
Sunil Shah |
Vice President, Investor Relations
+ 1-857-990-4074
[email protected]

Rapid7 Media Relations:
Caitlin O’Connor
corporate communications
[email protected]

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