Currently, many of the enterprises struggle with security threats. In particular, enterprises in industries that have huge amounts of valuable data are prime targets for hackers and cybercriminals. They are always in the search for gaps in the networks and systems of the enterprises, and they won’t even hesitate for a second when they find them. Due to the valuable identifiable personal information, sensitive data, or patented technologies these businesses hold, they often become an interesting part of the cybercriminals’ space. This problem can be solved with Managed SOC.
All the enterprises in the world today almost have two or three cyber defenses in places such as a firewall, email filtering, or antivirus. These are the salient tools that once kept you fully protected but are no longer enough to defend against heavily growing cyber threats.
Defensive equipment is in place to keep out the things that you have configured it to keep out. But what about the things we don’t know about? How do you defend against those? The answer seems obvious, right? You necessarily have a team working around the clock that can keep your security perimeter consistently updated against new and evolving threats. That’s where the Security Operations Center (SOC) plays an important role.
So, the basic reason to have Managed SOC is to prevent security threats. But, what are the other reasons to consider having a Managed SOC? We have the answer to this. In this blog, we have gathered the top 5 reasons to consider having the Managed SOC for your organization.
Let’s get started!
Managed SOC offers organizations external cybersecurity experts who monitor your cloud environment, devices, logs, and network for threats. It is dependent on a subscription model system where you can pay a monthly or yearly fee to prevent threats and to make sure that threats are being detected and accordingly responded to.
There is continuous monitoring of your IT infrastructure with a managed Security Operations Center, without making a large investment in security software, hardware, security experts, training, and more. You can have quick access and start monitoring cyber threats, which will improve your organization’s security. Click here to know more.
When you choose a managed SOC you give a third party full responsibility for your security operations. This has many important benefits for your enterprise. The first and most important benefit is that you enjoy the 24/7/365 support of security experts. This cost is even less than what it would cost to have around-the-clock in-house monitoring for a SIEM solution. With an MSSP, you have security experts monitoring your network 24 hours a day, 7 days per week, 365 days per year.
To flag any abnormalities or suspicious activities in your network a managed SOC will monitor and scan your network 24/7/365. When any suspicious activity is detected it will create instant alerts of emerging threats, allowing a team to prevent and mitigate the threats before any harm is done to your organization’s sensitive data. The Managed SOC’s team “teaches” systems the difference between regular day-to-day activities and actual threat behavior by using behavioral analysis.
All the enterprises that produce huge amounts of data often find it difficult to detect threats. As you can imagine, it is a time-consuming process to scan all data for malware, or other cyber-criminal activity. Managed SOC makes it easier for your organization to identify fraudulent activities. Apart from this, a managed SOC service provider will assure you that possible threats are proactively detected.
Managed SOCs are not about just detecting incidents but more than that. It helps prevent attacks from occurring in the first place by conducting the analysis and threat hunting. SOC teams enable the organization to stay ahead of potential attackers and issues by providing increased visibility and control over security systems.
SOC service providers provide different services as per your organization that will vary, from just providing threat detection and alerting services for you to act upon, to providing whole detection, protection, and threat hunting services. An MSSP can quickly protect your whole network from being compromised when provided as a service and a threat is detected. By communicating with other security systems in your network, the managed SOC service provider flags threats for those security systems in place as well. A lot of damage can be prevented by proactively protecting the system as a whole.
A security operations team of a Managed SOC often consists of an incident responder and security analyst, followed by the other specialized positions, such as security engineers, threat hunters, forensic investigators, and compliance auditors. All of these employees have a different set of skills, which, when combined with those of other SOC employees, is significant to detect, remediate, analyze and learn from threats.
These team members also have a wide knowledge of reliable and safe technologies for threat detection and prevention, such as Behavioral threat analytics, AI and machine learning, and cloud access security brokers, as well as the most advanced threat detection and prevention techniques.
You have to create alert rules to detect possible threats to your network. There will be lots of preloaded standard alerts set up in the system if you opt for a standard SOC solution that you manage in-house. The logs of security data will come flowing in and hundreds to thousands of alerts will be generated. But, it is almost not possible to manage all of these alerts. Simply because your security team does not have enough people to deal with them.
Apart from this, the problem is that not all preloaded alerts are as serious as they might seem. Often the threats don’t correlate with each other as they flag, thus tying seemingly separate events together to identify a threat. In order to discover what’s normal and what’s abnormal behavior they also rarely perform behavioral analysis. Because of this, alerts may be generated that are not that serious. A managed SOC service provider saves your organization valuable time and resources by only sending through threat alerts that truly matter and require your action.
The costs of Managed SOC solutions differ greatly. For medium to large-sized enterprises, price tags with six digits aren’t uncommon. If your enterprise even has the budget available to spend this kind of money, there is usually little budget left to implement the SIEM solution in the enterprise right away. The phrase “money well spent” therefore doesn’t apply here. A managed SOC service provider is typically offered for a monthly fee that is much more affordable and predictable. In addition, it eliminates the need to spend a part of your budget on hiring new security personnel to manage the SIEM solution and giving them the training they need.
An MSSP also saves your enterprise a lot of time. After purchasing a SIEM, you want to see results as soon as possible. But your security team probably needs some time and training before they have it all figured out. A service provider gets the security operations center up and running in no time and therefore reduces your time-to-value.
Maybe. The most important factor is experience and effective workflow, whether in-person, on-site, virtual, or off-site. That said, we think working with a SOC consultant near you is an advantage. This will allow your SOC consultant to better communicate with existing IT teams, and better understand your current information architecture. A non-local SOC consultant becomes a good option if they follow security best practices, and have an established virtual workflow. Why? Location is less significant when virtual workforce tools are effectively adopted by clients. Plus, on-site SOC consultants can become costly. Bottom line, look for a SOC Consultant who offers an excellent communication process, clear workflow, and custom-managed Security Operations Center solution for your business.
In short, managed SOC offers you the necessary security expertise and resources you require to maintain your security operations. Above-mentioned reasons are enough for all the security concerned organizations to consider having Managed SOC.
Many organizations are opting for Managed SOC services to lessen the workload of their in-house security staff. So, Are you also looking for the Managed SOC service? But don’t know whom to ask? Well, we are just a phone call away.
Sennovate delivers custom identity and access management and managed security operations center solutions to businesses around the world. With global partners and a library of 2000+ integrations, 10M+ identities managed, we implement world-class cybersecurity solutions that save your company time and money. We offer a seamless experience with integration across all cloud applications, and a single price for product, implementation, and support. Have questions? The consultation is always free. Email [email protected] or call us at: +1 (925) 918-6618