Discover the financial returns your business will see by investing in a Phishing-Resistant Passwordless MFA solution
Default value is based on empirical test by author for 12 char complex password, your time may vary. SDO passwordless MFA takes ~ 5 sec.
20 was chosen as default based on the author’s personal experience and a small survey of the author’s acquaintances. Change the value to best fit your workforce.
According to Slack and Gartner, average number of password reset help desk calls per employee is 8 per year:
Research indicates average time to resolve help desk ticket is 8.6 mins:
Research shows it takes up to 9.5 minutes for employees to get back into a workflow after switching tasks:
½ incident occurrence was chosen as default based on Thales research indicating 50% of business experience a data breach each year. You may wish to increase or decrease based on your risk exposure:
Total cost of data breach was derived from IBM research: You may wish to change value based on your risk exposure:
Verizon DBIR indicates 82% of attacks exploit user and their credentials:
Research indicates companies working through data breaches lose 3.6% of company valuation within the first 110 days, 15% after 3 years. You may wish to change value based on your risk exposure:
“The default TCO estimate is based on the information you provided. However, after speaking with SDO sales, you can change it to your actual cost to produce your business justification report.”
| Number of employees and contractors who need Fully Passwordless | 1,000 | ||
| Company’s estimated valuation | $50M | ||
| Weighted full-time equivalent (FTE) cost | $80,700/yr |
| Predicted frequency of data breaches (per year) | 0.50/yr | ||
| Estimated total financial impact of a single data breach | $4,240,000 | ||
| IBM research indicates $4.2M per incident | |||
| Percentage of data breaches originating from users and their credential exploited | 82% | ||
| Verizon DBIR report indicates 82% | |||
| Business financial gain by avoiding data breaches | $ 1,738,400 | ||
| Percentage estimated business valuation loss after a data breach | 3.6% | ||
| Research indicates companies working through data breaches lose 3.6% of company valuation within the first 110 days, 15% after 3 years. | |||
| Your business valuation improvement with Full Passwordless MFA | $4.25014 | ||
| Slashing the attack by surface pays dividends | $3,214,400 |
| Time to remember, type the password, and perform traditional MFA | 15sec | ||
| The average number of logins in a working day per user | 20/day | ||
| Total workforce FTE improvement with Full Passwordless MFA | $280,208 |
| Number of account lockouts per year, per worker | 8/yr | ||
| Time for helpdesk & user to resolve lockout ticket | 8.6mins | ||
| Time for users to task switch back to productive work | 9.5mins | ||
| Research shows it takes up to 9.5 minutes for employees to get back into a workflow after switching tasks | |||
| Help Desk FTE improvement by eliminating password reset tasks | $46,268 | ||
| Workforce FTE improvement not calling Help Desk for password reset | $97,378 |
| Desktop and application MFA mandate | Yes | ||
| Remote worker (VPN) MFA mandate | Yes | ||
| Password rotation requirement | Yes |
| Full Passwordless MFA total cost of ownership (TCO) | $91,155 | ||
| Workforce productivity FTE company-wide improvement. | $423,854 | ||
| Return times the investment | 11 X | ||
| Slashing your attack surface by 82% pays dividends | $3,214,400 | ||
| Return times the investment | 27 X |
The passwordless MFA ROI calculator is a financial analysis tool IT leaders use to determine if investing in passwordless MFA makes sense for their business. Just fill in the number of workers, the approximate market value of your company, and the Full-time equivalent (FTE) for workers and you’ll see productivity and security posture improvements based on default assumptions. Open the second section to run “What If” scenarios specific to your organization and create a PDF of calculation results to share with other decision-makers and the discussion.
Estimating the value of preventing a security event from happening is tricky. The passwordless MFA ROI Calculator incorporates industry statistics on the frequency of identity attacks and financial damages resulting from these attacks on a business. Customize your known risks to tune calculations.
The passwordless MFA ROI calculator only scratches the surface of potential user and IT admin productivity gains achieved by eliminating passwords. The calculator incorporates the accumulated time saved by users at every login cycle and the productivity killer–password lockout Help Desk calls–from both sides. Additional savings come from eliminating quarterly password rotation cycles and freeing up cycles for IT innovation.
Not long at all. The Double Octopus Passwordless MFA solution is different and better than other passwordless technologies because it works with modern SSO and FIDO2 apps and the essential password apps driving your business. Other passwordless technologies (WHfB, Okta FastPass, etc.) force IT to do the heavy lifting matching their integration model, which means altering what you already have in place (apps, directories, authenticators).
With Octopus, you don’t recode apps or re-architect identity infrastructure to go passwordless. Connecting Octopus Cloud to your infrastructure and starting onboarding users takes about an hour (watch the video). To get enterprise-wide coverage, you will finish in days or weeks (instead of months and years).