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: Speed Time to Incident Resolution
Build Trust
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.
Customers interviewed reported the potential for:
- 1 less fine/investigation
- REDUCTION in the potential number of fines/investigations occurring
.
“More consistent, documented outcomes with Radar® Privacy can help reduce the risk of breaches and fines.” — Privacy Team Leader
.
Save Time & Cost
Reduce time spent on incident assessment
Radar® Privacy provides automated decision-support guidance, leading users through a consistent, intuitive process for 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 time spent on generating reports
Contractual Obligations Workflow 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
.
“Missed contractual deadlines could have resulted in fines, which could escalate with each missed deadline.” — Compliance Manager
