Case Studies

The Problem

How We Helped

Third Wave approached the problem as an operational issue, not a tooling issue.

We implemented a unified model that aligned Managed Detection and Response (MDR) with compliance readiness and risk visibility:

• Deployed MDR with automated detection and containment, reducing alert noise by over 90% and enabling rapid response in minutes, not hours
• Integrated monitoring across Microsoft 365, identity systems, and endpoint controls to create full visibility without replacing existing tools
• Conducted a HIPAA-focused compliance readiness review, translating regulatory requirements into operational controls and workflows
• Established executive-level reporting to clearly demonstrate control effectiveness and audit readiness

Instead of treating compliance and security as separate efforts, we operationalized both into a single, measurable program.

The Outcome

The result was not just cost savings. It was a shift from reactive security to operational assurance.

• Reduced cyber insurance renewal costs by over $15,000
• Streamlined HIPAA compliance into daily operations instead of periodic audits
• Delivered real-time visibility into threats, vulnerabilities, and control performance
• Positioned the organization as a lower-risk, more insurable entity

The Problem

Spending was increasing, but outcomes were not. Leadership couldn’t clearly answer basic questions:

Are we actually reducing risk?

Are employees contributing to or reducing exposure?

Why are insurance costs still going up?

At renewal, the organization faced higher premiums and limited coverage options, despite significant investment.

How We Helped

Third Wave simplified the environment by consolidating security into a unified operating model:

• Implemented MDR for continuous monitoring, rapid detection, and response
• Introduced Security Awareness Training to reduce human-driven risk and improve employee behavior
• Deployed Cyber Risk Management capabilities to provide continuous visibility into vulnerabilities, threats, and exposures
• Aligned all controls to measurable outcomes that could be presented to insurance underwriters

We eliminated tool sprawl and replaced it with an integrated program that connected people, process, and technology.

The Outcome

The organization didn’t just spend less. They gained control over their security and their insurability.

• Achieved a 12.5% reduction in cyber insurance premiums
• Increased coverage, including improved EFT (Electronic Funds Transfer fraud) protection
• Consolidated multiple vendors into a single, streamlined program
• Delivered clear, executive-level reporting on risk posture

The Problem

Key issues included:

• Unmonitored external attack surface
• Lack of continuous threat detection
• No formal security awareness program
• Limited visibility into vulnerabilities and exposures

The business was operating with real risk and no financial backstop.

How We Helped

Third Wave focused on closing the gaps that directly impact insurability:

• Implemented attack surface monitoring to identify and continuously track external exposures across assets and applications
• Deployed MDR to provide 24/7 monitoring, automated containment, and verified response actions
• Introduced Security Awareness Training to reduce employee-driven attack vectors
• Established a measurable cyber risk baseline and prioritized remediation roadmap

We translated technical gaps into actionable steps that directly aligned with insurer expectations.

The Outcome

The organization moved from being uninsurable to being a managed, measurable risk.

• Successfully obtained cyber insurance coverage after initial denial
• Reduced external attack surface and improved overall security posture
• Established continuous monitoring and response capabilities
• Increased confidence from both leadership and insurance providers