Press + Media Contact
Cylance PR Team
The analysis points to benefits of $7.7M versus costs of $2.2M for a net present value (NPV) of $5,503,996
IRVINE, CALIFORNIA, December 21, 2016 - Cylance Inc.,the company revolutionizing cybersecurity with the practical application of artificial intelligence to prevent the most advanced cyberthreats, today announce the publication of a commissioned Total Economic Impact™ study conducted by Forrester Consulting on behalf of Cylance that highlights the cost savings and business benefits seen by a large U.S. county that implemented CylancePROTECT® and ThreatZero™.
The study features an in-depth interview with the chief information security officer for a large U.S. county in Virginia that has been using Cylance offerings to protect their organization’s critical systems for over a year. Cylance provides innovative and predictive advanced attack prevention solutions that leverage artificial intelligence to prevent malicious code from executing on endpoints in real-time.
Before implementing Cylance, the county had used other endpoint security solutions, but the mitigation process was highly manual and put an undue burden on its internal IT and security resources. Additionally, previous solutions failed to prevent attacks on the network in a predictive and repeatable manner, which led to the costly reimaging of endpoints and extended system downtime.
"Prior to Cylance, we had spent a lot of manual time chasing down issues and reimaging machines. This cost not only reduced our end user productivity, but it also tied up our internal IT and security staff with chasing down issues," said the CISO for the county.
“The price of a data breach, data loss, and image damage was too high for us to gamble on a solution that repeatedly showed it did not work. Cylance’s solution is proactive, frees up our resources, and provides us with a peace of mind as it comes to security threats in our environment.”
The analysis points to benefits of $7,699,716 versus costs of $2,195,721 over three years. This adds up to a net present value (NPV) of $5,503,996 over the three-year period covered in the study. The quantified benefits include cost avoidance due to preventive and real-time detection of incidents before they can cause harm, reduced endpoint reimaging and remediation costs, and IT and security full-time equivalent (FTE) productivity.
About Cylance® Inc.
Cylance is the first company to apply artificial intelligence, algorithmic science and machine learning to cybersecurity to prevent the most advanced security threats in the world. Using a breakthrough predictive analysis process, CylancePROTECT® quickly and accurately identifies what is benign and what is a threat, and prevents malicious code from ever executing on a targeted system. By coupling advanced machine learning and artificial intelligence with a unique understanding of an attacker’s mentality, Cylance provides technology and services that are truly predictive and preventive against the most advanced threats. For more information visit: www.cylance.com
Cylance and CylancePROTECT are registered trademarks or trademarks owned by Cylance Inc. in the United States and other jurisdictions and may not be used without prior written permission. All other trademarks are the property of their respective owners.