The Total Economic Impact (TEI) study commissioned by Bugcrowd in April 2024 examines the potential return on investment (ROI) of deploying Managed Bug Bounty. The study provides organizations a framework to evaluate the financial impact of Bugcrowd's Managed Bug Bounty, highlighting benefits such as a 268% ROI and $1.43M net present value over three years, improved security operations efficiency, reduced risk of material breaches, and lower cybersecurity insurance premium costs. Additionally, the study found unquantified benefits including shorter time to remediation, improved relationships between developers and security teams, improved reputation, and effective vendor support. The results are based on a composite organization's experiences, gathered through interviews with four representatives and surveys of 39 decision-makers.