The ROI of Operational Efficiency in Privacy Incident Management

Incident Response Management Challenges

• 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

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.

Tangible Value Of Automated Privacy Incident Management

Save Time & Cost

Reduce time 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:
50% REDUCTION in time spent on incident assessment

“As much as an 80-90% reduction in time spent on assessments; could take 3-4 hours per state before and now takes just minutes.” — Privacy Compliance Officer

Reduce Risk

Reduce the risk of investigations and fines

Radar® Privacy enables organizations to: bring consistency and efficiency in conducting automated, multifactor 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 over the next five years 1 less fine/investigation (equivalent to $1.68M)
*Average OCR fine in 2019 (Source: OCR Resolution Agreements and Civitil Money Penalties)

“More consistent, documented outcomes with Radar Privacy can help reduce the risk of breaches and fines.” — Privacy Manager

Build Trust

Reduce time spent on unnecessary notifications

Radar® Privacy’s patented technology ensures consistent, efficient and objective scoring of incidents. An incident-specific heat map quantifies the sensitivity of the data and the severity and likelihood of harm and generates a response plan.

There is the potential for: 90% REDUCTION in time spent on unnecessary notifications