Download our ebook: Insource vs. Outsource – Cost Comparison for Building a 24/7 Security Operations Center
If you have considered building a Security Operations Centers (SOC) for your organization, take a few minutes to download the ebook, Insource vs. Outsource: Cost Comparison for building a 24/7 Security Operations Center.
We will take you through the exact costs of building an internal SOC for a medium-sized business and compare it to the costs of outsourcing to a cybersecurity firm like Cybriant.
Benefits of Outsourcing Security Operations Centers (SOC)
Lower Operational and Labor Costs
Faster Meantime to Value
Access to Security Best Practices
Improved Security Functions
What is a Security Operations Center?
An information security operations center (“ISOC” or “SOC”) is a facility where enterprise information systems (websites, applications, databases, data centers and servers, networks, desktops and other endpoints) are monitored, assessed, and defended.
A SOC is related to the people, processes, and technologies that provide situational awareness through the detection, containment, and remediation of IT threats. A SOC will handle any threatening IT incident, and will ensure that it is properly identified, analyzed, communicated, investigated and reported. The SOC also monitors applications to identify a possible cyber-attack or intrusion (event) and determines if it is a genuine malicious threat (incident) and if it could affect business.
Establishing and operating a SOC is expensive and difficult; organizations should need a good reason to do it. This may include:
- Protecting sensitive data
- Complying with industry rules such as PCI DSS.
- Complying with government rules, such as CESG GPG53
SOCs typically are based around a security information and event management (SIEM) system which aggregates and correlates data from security feeds such as network discovery and vulnerability assessment systems; governance, risk and compliance (GRC) systems; website assessment and monitoring systems, application and database scanners; penetration testing tools; intrusion detection systems (IDS); intrusion prevention system (IPS); log management systems; network behavior analysis and Cyber threat intelligence; wireless intrusion prevention system; firewalls, enterprise antivirus and unified threat management (UTM). The SIEM technology creates a “single pane of glass” for the security analysts to monitor the enterprise.
Why You Need a Security Operations Center
“At its most basic level, a security operations center is dedicated to correlating and analyzing data related to what is occurring within an organization with special attention on timely detection.” (TechTarget: Why Security Operations Centers are the Key to the Future).
We have seen many organizations purchase a SIEM technology for Regulatory Compliance reasons and simply try to run it in-house with their existing IT team members. As we discuss in the ebook, this is incredibly common, but only works if you have a large portion of your budget dedicated to security. Budget is the first step, then comes hiring and training the right people.
One of the biggest reasons organizations use a security operations center is because of regulatory compliance. Most compliance regulations require some sort of 24/7 security monitoring product and service. This is so when you are audited, you can produce a report of the logs from the monitoring tool.
A SOC can be used for so many more items than just compliance. Here are the 5 top reasons you need a SOC:
- Proactive Detection
- Threat Awareness
- Vulnerability Management
- Awareness of Hardware and Software Assets
- Log Management
If you have questions about any of these items, please let us know.
Be Picky when you Outsource!
A MAJOR problem we see in the industry today is companies that claim to ‘monitor a SIEM’ but that means that whenever they receive an alert, the outsourced company simply emails that alert back to you to remediate the concern.
You may also find that you’ll receive alerts 12 or more hours after the alert originally took place. This leaves too much time for the potential breach to spread further and do more damage. We have teams of security analysts working around the clock, with our threat intelligence and expertise, we’ll notify you immediately when a critical alert happens.
If you would like to see how we do it, please view our recorded webinar, “Guide to Cyber Security Management.” You’ll see from a real-world point of view how our SOC manager views a potential breach and involves the end client until the problem is resolved.
Not only do we alert you on only the critical alerts, but we help you understand how to remediate them.
Here are 9 unique reasons to outsource cyber security monitoring to help make it a priority. Keeping your business data safe should be the first and foremost concern for all businesses now.
If you are searching for a SIEM SOC – check out how you can use your SIEM and our SOC to get the best results. You’ll reduce your threat landscape in no time.
Saying “My company is secure” is like saying “My team scored 27 tonight”. The metric doesn’t matter if you have nothing to compare it against. Enter the framework.
A framework is a standardized methodology for selecting, implementing, testing, and maintaining a set of security metrics, also called security controls. There are many frameworks to choose; NIST, ISO, NERC, PCI, etc., etc. The point is that you want to compare yourself against a known yardstick.
It’s no longer a matter of IF, but WHEN you will be attacked; companies similar to yours are experiencing breaches daily. Regardless of the size of your business, we are all a potential target for a hacker.
Enter the SIEM. You’ve selected the technology, implemented it, and are now collecting all the data on all security events that happen within your infrastructure
Given different challenges facing security departments, security monitoring is vital. Security professionals now feel the deck is stacked against them as cybercriminals continue to attack. Many organizations are outsourcing to third-party vendors for faster and better detection.
Based on a recent study on the State of the SOC, security practitioners from enterprise organizations are overwhelmed by the sheer volume of alerts and investigations that require their attention.
Once you have made the decision regarding your SIEM purchase, a key challenge is the skilled use of your SIEM tool. If you do not have the knowledge or expertise to utilize a SIEM correctly, your SIEM may not work optimally. We’ve heard complaints about an organization’s SIEM when it may the way it was implemented or managed on a daily basis.
At Cybriant, we are big fans of Jim Collins’s book, Good to Great. This is a classic book for business leaders that describes how Mr. Collins and his team researched 1,435 established companies to find common traits of those businesses that made a leap from average to great results. The principles that are discussed in the book include lessons on eggs, flywheels, hedgehogs, and other essentials of business.
Let’s talk Hedgehogs…
As you know, security information and event management (SIEM) systems collect data from enterprise networks, applications, and logs from operating systems, databases, and other sources. Read more about why you need SIEM.
Dealing with critical incidents should be a top IT priority. Your organization should have a plan in place to resolve those issues once they’ve been detected. If you and your IT team are overwhelmed with the volume of events – you are not alone! How many incidents are normal? According to a recent report:
Network security threats are continuously growing in quantity and severity. How can you protect your secure data? Here are three easy steps to improve your network security threat detection.
Technology creates a lot of information, and it typically leaves a record of what it has performed in log files. Whether it’s your router, switch, server, virtualization platform, cloud provider, smart phone, or printer a trail of events and information is created like a receipt you would get from grocery shopping. Unfortunately, the logs are often forgotten, or commonly never analyzed unless there is a major problem. E