TAG Cyber Finds Investment In Cyber Skills Development Saves Money And Reduces MTTR
Cyberbit platform enables SOC teams to build and develop cyber skills; optimizing operational readiness of enterprise security teams
Cyberbit, the world’s leading provider of cyber skills development solutions, has been proven to positively affect enterprise security team performance and reduce security spend. As illustrated by an independent analysis of Return on Investment (ROI) performed by TAG Cyber, the deployment of the Cyberbit platform for cybersecurity skill development results in budgetary reductions and cost savings, as well as improvements in critical SOC KPIs including mean time to remediate (MTTR) and dwell time. The report offers key insight to executive leadership on the impact of investing in realistic Security Operations Center (SOC) training solutions
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“CISOs are under enormous pressure to maintain a secure organization with limited workforce and budget,” said Adi Dar, CEO, Cyberbit. “TAG Cyber’s analysis shows that investing in next generation SOC skilling solutions, as offered by Cyberbit, has a significant impact on both financial and human performance – resulting in better utilization of existing enterprise security tools, as well as decreasing time spent on security issues.”
- Investing in simulation-based SOC training solutions reduces cybersecurity spendHyper-realistic training increases the security team’s preparedness for cyberattacks through better utilization of existing tools and reduces the need for additional solutions directly impacting cybersecurity budgets. Next-generation SOC training methods save 13.7% of the total SOC budget, or 2.2% of the total cybersecurity budget. This is equivalent to $40,000 per analyst per year, and an overall savings of 25% in security tool costs, one of the largest cybersecurity budget items.
- Hands-on SOC training is the best way to address the cybersecurity skills gapOne of the most painful cybersecurity challenges the industry is facing today is the cybersecurity skills gap. Integrating hands-on cyber labs and simulation exercises into cybersecurity hiring processes can save companies time and money, and significantly improve hiring efficiency and quality. For example, it is estimated to reduce screening time and effort by as much as 50%, improve the hiring quality of candidates, reduce the number of missed hires and increase employee retention rates.
- Hands-on skills development and simulation training improves SOC performanceThe impact of hands-on skill development is much broader than traditionally perceived, and spans across both quantitative and qualitative elements, revealing a dramatic impact on multiple SOC KPIs. By implementing and utilizing next-generation SOC training, companies can expect to reduce the time spent on security incidents by up to 25%, reduce dwell time of cyber campaigns by up to 25%, and reduce Mean Time to Respond (MTTR) by up to 30%.
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“As a former cybersecurity executive, I understand the need for expert guidance and quantitative analysis when making decisions about how best to protect an organization’s infrastructure,” says Ed Amaroso, CEO, TAG Cyber. “Yet, there is an astounding lack of support available to executive leadership. Our research provides clear direction to leaders in the security space, by employing empirical data, experience, and observation in order to make findings applicable to enterprise security teams.”
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