Case Study: Bosch achieves safer, more cost-effective cybersecurity sourcing with McKinsey's CyberCompare platform

Bosch launches CyberCompare with McKinsey, saving 20% on cybersecurity spending

Bosch, a Germany-based multinational engineering and technology company, faced the challenge of helping businesses navigate the complex cybersecurity market, which is saturated with over 7,000 providers. Their goal was to create a new, independent way for companies to source cybersecurity without hidden sales incentives. They worked with McKinsey & Company to develop and launch a solution for this challenge.

McKinsey helped Bosch build and launch CyberCompare, a digital platform augmented by advisory services and an AI-based matching algorithm. The solution provides a diagnostic of cyber risks, runs anonymous tenders, and benchmarks vendor quotations. As a result, CyberCompare onboarded over 450 enterprise customers and helped them save an average of 20 percent on cybersecurity spending. McKinsey's support enabled the business to begin generating revenue within its first two months.

Bosch