Incident Response Management Challenges
Hobson & Company, a research firm that specializes in Return on Investment (ROI) and Total Cost of Ownership (TCO) studies, worked with RadarFirst to quantify the value of an automated incident response management solution.
- Decreasing the time spent on incident intake, assessment, and reporting
- Increasing the consistency of the incident management processes and outcomes
- Reducing the chances of damage to business partnerships and brand reputation
Tangible Value of Automated Privacy Incident Management
Save Time & Cost
Reduce time and cost spent on incident assessment
Radar® Privacy provides automated decision-support guidance, leading users through a consistent, intuitive process for investigating, profiling and scoring data privacy incidents to determine whether the incident is a breach, and provides all documentation to support an organization’s burden of proof obligation under breach laws.
Customers interviewed reported the potential for:
- 30% REDUCTION in time spent keeping up with and implementing regulations
- 95% REDUCTION in annual subscription services or outside counsel costs
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“In addition to time savings, a big win is improved peace of mind, knowing that Radar® Privacy will make sure the system is always current.” — Director, Privacy & Compliance
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Reduce Risk
Reduce the risk of investigations and fines
Radar® Privacy enables organizations to: bring consistency and efficiency in conducting automated, multi-factor risk assessments; comply with data breach notification laws using its patented Radar® Breach Guidance Engine; and stay current with ever-changing breach notification rules and obligations, helping to mitigate the risk of potential fines or investigations in the future.
Customers interviewed reported the potential for:
- 1 less fine/investigation (equivalent to $1.68M)
- REDUCTION in the potential number of fines/investigations occurring
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“More consistent, documented outcomes with Radar® Privacy can help reduce the risk of breaches and fines.” — Privacy Team Leader
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Build Trust
Reduce the risk of failing to meet contractual obligations
Third-Party Notification from Radar® Privacy captures important contractual notification details for each external entity, including multiple notification timelines and contacts, providing easy tracking of notification due dates and proof of compliance with contractual obligations.
- 95% REDUCTION in the number of missed contractual obligations
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“Missed contractual deadlines could have resulted in fines, which could escalate with each missed deadline.” — Compliance Manager
