A Security Operations Center (SOC) is a centralized 24×7 team that deals with security issues on an organizational and technical level, complementing your internal tools and processes to provide a complete security solution. SOCs are often used by large corporations, but what about the mid-market companies? In this blog post, we will discuss how SOCs can provide more comprehensive protection at a lower cost than maintaining in-house personnel.
The Real Costs of Cybercrime
Mid-market companies have a lot to lose if they don’t have an SOC.
The Ponemon Institute’s 2017 Cost of Cyber Crime study found that the average annualized cost of cybercrime for companies with less than $500 million in revenue was $11.01 million. That’s more than double the cost for businesses with more than $500 million in revenue.
An SOC can help mid-market companies not only mitigate these risks, but also free up internal resources so they are able to invest more time and money into growing the business. When it comes to SOCs, there is no one-size-fits-all solution. Every business has different needs, and SOC providers know that. That’s why SOCs typically offer a variety of services, including:
- Threat intelligence
- Vulnerability management
- Penetration testing
- Incident response
- Security awareness training
Each of these services is critical to protecting a company from cybercrime. By outsourcing your SOC, you are getting access to all of these services and more.
The Day-to-Day Benefits of an SOC
By leveraging the expertise of a third party, you will receive SOC services that go above and beyond what your in-house personnel can provide. Your team of SOC professionals are available 24 hours a day, seven days a week to monitor all types of breaches throughout the organization, saving you a great deal of time. You can use the time saved by outsourcing SOC management to focus on your company’s other security priorities. By outsourcing, you can also take advantage of the latest SOC technologies and practices, which can be costly to purchase and maintain in-house.
To sum it all up, here are 3 points on why an outsourced SOC is the right choice for your mid-market companies:
- First, an outsourced SOC can provide more comprehensive protection at a lower cost than maintaining in-house personnel.
- Second, SOCs offer 24/7 monitoring and response capabilities, ensuring that your organization’s security is always taken care of.
- Finally, SOCs can offer security professionals with years of dedicated experience in the field.
When making the decision to outsource your SOC, it is important to partner with a reputable and reliable provider that provides the right solution for your organization. To learn more about SOCs and how they can benefit your business, contact us today. We would be happy to discuss your specific needs and help you improve your cybersecurity.