According to Cybersecurity Ventures, “Global cybercrime costs will grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015.” Such crime will be more profitable than the global trade of all major illegal drugs combined.
So, what can you do to adequately protect your network and all that depends on it?
The solution for a large enterprise is to stand up its own Security Operations Center (SOC) – the equivalent of using armed guards and barbed wire fencing to protect a facility. For most small- to medium-sized business, however, building and maintaining a SOC is out of reach, at a cost of $2-$7M annually.
Instead, in the same way small businesses secure their offices with a service like ADT or Vivint, they can also procure many of the benefits of an SOC in an “as a service” model from a managed service provider. The next-best thing to standing up an enterprise SOC of your own, SOC-as-a-Service (or SOCaaS) makes enterprise-grade managed security, including networking, operating environments, storage technologies, consultation, integration, and more, available to small- to medium-sized business.
Here are 10 benefits of the SOCaaS model in cost-effectively and confidently augmenting in-house security capabilities:
- Continuous protection – SOCs run 24 hours a day, 365 days a year. With SOCaaS, even the small- to medium-sized enterprise can get continuous protection for their network and best-in-class incident response.
- Short deployment periods – The ability to get up and running quickly with SOCaaS means there’s no delay when it comes to strengthening network security.
- Depth and breadth of expertise – SOCs are staffed with deep expertise plus a mandate to keep skills current.
- Advanced technologies and tools – In addition to professional expertise, SOCs continually invest in (or develop) advanced technologies and tools to stay ahead of increasingly aggressive cyber criminals.
- Faster remediation – Because SOCs continually monitor a network for threats and consequently reduce detection time, issues can be assessed and remediated quicker.
- Threat prevention – In addition to detecting incidents, SOCs can help prevent attacks through improved visibility and reporting.
- Reduced impact of breaches –When breaches are mitigated faster, their impact to the business is also minimized.
- Manageable expense – With SOCaaS, costs are predictable.
- Compliance – SOCs can ensure that any and all network security requirements are met.
- Increased trust – When employees, customers, and partners know that a business prioritizes data security and privacy, trust levels and brand equity rise.
Cybersecurity is (or should be!) a top priority for all companies; organizations of all sizes need defenses and expertise that allow them to monitor and thwart threats day and night. But when an organization can’t stand-up its own SOC or wishes to augment capabilities, SOCaaS can deliver the people, processes, and technology to stay ahead of inventive and relentless adversaries — protecting not only the network but everything that rides on it.
Visit the Hughes website to learn more.