The Security Dilemma of ROI: Security leaders walk a never-ending tightrope of balancing security needs against budgetary constraints. One 2023 (ISC)² Cybersecurity Workforce Report shows this issue in how 64% of organizations struggle with quantifying the value derived from their security programs. It is easy to understand that budget limitations are real, but selecting short-term savings at the expense of robust security practices is a bet that grows increasingly dangerous. IBM Security 2023 Cost of a Data Breach Report the average cost per incident is an incredible $4.35 million dollars. So, the question is; how to demonstrably improve your security posture, without breaking the bank?

The following blog post touches upon the frequently overlooked hidden cost of poor security practices, along with the fact that the overall return on investment for ThreatModeler - the industry's most comprehensive automated threat modeling platform - extends far beyond simple cost avoidance.

The True Cost of Inadequate Security: A Multi-Faceted Threat

The financial impact of a data breach is merely the first in a series of falling dominoes. There are these hidden costs, often underestimated :

• Lost Revenue: A very large percentage of customers walk away once a security breach has actually occurred, reducing drastically revenues generated.
• Compliance Fines: Regulatory bodies impose exorbitant fines for failure to comply with data security mandates and best practices.
• Productivity Losses: Prolonged investigations and remediation bottle up core business operations.
• Reputational Damage: Public trust is seriously eroded, damaging brand name and future business.

One hacking incident is all that it may take for crippling consequences for your organization.

How Threat Modeling Delivers Measurable Security Benefits: Beyond the Saving-Cost Story

Those traditional, manual threat modeling approaches, which are of immeasurable value, are working at a custom and expensive methods. ThreatModeler's innovative automating power enables you to:

Reduced Threat Modeling Time by Up to 70% : More time for security professionals to focus on strategic security initiatives and proactive threat hunting release.

Early Threat Identification: They also feature capabilities to promptly identify vulnerabilities early in the development lifecycle, instead of allowing them to become embedded deep in the product, rework for which would run into many costly cycles because, as shown in a Ponemon Institute report, a post-release defect could be 6-10 times more expensive for rectification than if addressed during the design phase .

Enhanced Developer Productivity:It improves developer productivity with very few false positives, so the developers' friction is minimal, making them more productive while expediting time-to-market.

Proactive Security Posture: Identifying threats in proactfü fashion and early in the development cycle mitigates them, avoiding the risk of breaches and their financial and reputational repercussions.

ThreatModeler is a very strong ROI business case-one that reaches far beyond cost reduction-based on a broad set of applied security dividends.

Case Study: Quantifiable Delivery of Security Value

One Fortune 500 financial services company burdened by rapidly increasing security concerns deployed ThreatModeler. Results were clear:

• Threat modeling time reduction: This has been achieved by a humongous 65%, which in turn has allowed the security team to concentrate its efforts on other tasks of strategic significance.
• Vulnerabilities early detection: Early detection at the start of the development cycle has increased by 20%.
• Costs: The security cost has been cut down by around 3 million dollars annually due to the reduced volume of rework and remediation work.

This case study illustrates how ThreatModeler brings to life organizations' "Secure More Spend Less" philosophy that is, implementing robust security without breaking the bank.

Unleash the Power of Automated Threat Modeling: Start Your Free Trial Today

Ready to quantify the benefits for yourself by automating threat modeling? Are you ready to see how this tool changes how you do security? Start with a free threatmodeler trial and see the difference that automated threat modeling will make in your security posture

• Maximize Security ROI Customer: Move beyond cost savings and achieve a holistic return on investment in security.
• Strengthen Your Security Posture: Proactively identify and mitigate threats and reduce the likelihood of breaches.
• Boost Developer Productivity: Simplify the security process so developers can concentrate on innovation.

There's no reason to sacrifice security at the altar of budget constraint.

Welcome ThreatModeler and start building a tomorrow where solid security goes hand-in-hand with financial prudence.