Varonis Systems, Inc. (NASDAQ:VRNS), a pioneer in data security and analytics, released the findings of Forrester's Total Economic Impact™ (TEI) -- a May 2018 commissioned study conducted by Forrester Consulting on behalf of Varonis to evaluate the return on investment of the Varonis Data Security Platform.  

The study, based on in-depth interviews and financial analysis of a Varonis customer, found that the interviewed organization realized $5.9 million in total benefits over three years and a return on investment (ROI) of 346% with payback in less than six months.  

Additional benefits of implementing the Varonis platform included:

• Remediation and permissions management time savings and cost avoidance totaling $3,966,948.
• Risk reduction benefits totaling $1,893,648.
• Audit investigation time savings totaling $44,651. The Varonis platform made it possible to complete audits and investigations of user behavior with 90% less effort, saving 420 hours of security analysts’ time annually.
• Time savings for provisioning file access totaling $36,767. After deploying Varonis, provisioning file access — a common task for security analysts — took 75% less time, leading to annual time savings of more than 300 hours.

For this study, Forrester interviewed the director of cybersecurity and a security analyst for a 3,000-employee, multibillion-dollar health insurance provider. Like many large enterprises, the organization’s file stores and Active Directory had grown significantly, and they turned to Varonis to gain visibility, monitor permissions and alert on suspicious user activity. Upon engagement, Varonis identified several high-risk concerns for immediate remediation – including 1.5 million folders with global permissions; 160,000 files containing sensitive data; 14,000 files with global permissions containing sensitive files; 3,000 stale users with enabled permissions; and other critical issues.