The world has been experiencing massive growth in cybercrimes. With the increasing sophistication of hackers and mobiles, we are now truly facing ‘A New World Order’ or what some people term the 4th Industrial Revolution. These changes have forced businesses to rethink their approach towards cyber security.
The security operations center (SOC) is a business continuity structure that can provide the highest level of monitoring and detection for your organization. It can also provide proactive mechanisms that directly assist with incident response, damage assessment and restoration.
A majority of organizations are gradually moving towards having 24×7 on-site security operation centers that have to deploy any incident response action within minutes after it has arisen. There are several challenges that should be considered while building such a facility like budget, staffing and facilities.
What is SOC?
The Security Operations Center (SOC) is a central repository for information about security incidents and attacks. It contains all the information related to the company’s security posture, including the security policies and procedures, incident reports, and other relevant documents.
The SOC is not just a place where you log incidents or alerts; it’s an actual security operation center that can be used by various teams throughout your organization to facilitate better cybersecurity practices.
What is the purpose of a 24×7 SOC?
A 24×7 SOC is essentially a centralized security operations center that monitors activity across all networks and devices, provides real-time alerts to staff and administrators, and can take appropriate action. The goal of having a 24×7 SOC is to ensure that your organization’s efforts are not only focused on detecting threats but also on mitigating them before they become a major issue.
Why should your organization have a 24×7 SOC?
A 24×7 SOC will allow your organization to detect malicious attacks before they reach your users, reducing the number of cases that require technical support from your IT team.
What are the most common challenges faced in building a SOC?
The most common challenges faced in building a SOC are:
- Budgeting
- Finding the right people
- Building an effective management system
- Ensuring that the performance metrics are set up properly
- Ensuring that you have the right monitoring tools and software
How much does building a SOC cost?
The cost of building a SOC is primarily driven by the number of people involved in the project. For example, if you’re building a SOC from scratch, expect to spend at least $50K per year for a SOC. However, if you have a team of experienced security professionals on hand, expect to spend even more.
The cost depends on:
- The number of people involved in the project – The more people involved in your organization, the more likely they are to have experience with cyber security issues and know where to find the best resources for information.
- The complexity of your network – If your network is complex enough that there are multiple layers of protection required, then building a SOC will be much more expensive than if it only requires one layer.
- How many servers or other devices are part of your infrastructure – If you have lots of servers or other devices that need protecting, then building a SOC will require more people and equipment than if all you need is basic authentication and authorization functionality (and maybe an attack surface scanner).
How can your organization get 24×7 SOC on a Budget?
Implementing a 24×7 Security Operations Center (SOC) can be a costly endeavor for any organization, but it is crucial to protect against cyber threats. One cost-effective solution is to partner with a trusted Managed Services Security Provider (MSSP). MSSPs, also known as Cyber MSPs or Managed Service Providers. They offer a range of services including Managed Detection and Response (MDR) and Extended Detection and Response (XDR) to help organizations stay ahead of potential threats. These providers offer a cost-effective way to outsource security operations while maintaining the necessary level of protection. By using the latest tools and technologies, they can monitor and detect threats in real time, and provide a swift response to any potential breaches. In addition, they can provide regular reporting and analysis to help organizations identify vulnerabilities and improve their overall security posture. By working with an MSSP, organizations can have peace of mind knowing that their security is in the hands of experts, without breaking the bank.
Blackswan Cybersecurity is a leading MSSP that offers a range of services to help organizations protect their systems and data. Our SOC management and monitoring services provide 24/7 surveillance of all your applications and devices, ensuring that your data and systems are protected at all times. We provide a comprehensive suite of skills and capabilities to protect against internal threats, manage network traffic and log files, optimize performance and availability, automate security operations tasks, and prioritize incidents based on severity and risk impact. In case of a security breach, our incident responders will quickly take action to contain and remediate the threat.
To provide effective SOC management, Blackswan Cybersecurity also offers Managed Detection and Response (MDR) and Extended Detection and Response (XDR) services along with other cybersecurity services.
In conclusion, outsourcing your cybersecurity needs to an MSSP – Managed Services Security Provider or Cyber MSP – Managed Service Provider, such as Blackswan Cybersecurity. We can help you achieve comprehensive cybersecurity protection at an affordable cost. With our SOC management, MDR, and XDR services, you can be confident that your organization is protected 24/7 against cyber threats.
To get in touch with our expert team, email us at: contact@blackswan-cybersecurity.com