The benefits of having an external SOC team

With the imminence of cyber threats, building an effective security operations centre (SOC) is crucial for organisations of all sizes. Although businesses differ in their services, their commonality lies in being susceptible to growing cyber security risks.

Companies that prioritise cyber security will invest the required amount of resources to ensure their internal infrastructure remains safe and their SOC team have appropriate resources to target cyber threats.

On the whole, businesses generally tend to undervalue this security sector. Both understaffing or little to no visibility from upper management are some of the myriad challenges confronted by these SOC teams.

If these organisations knew what was at stake, an established SOC would be sought out.

What is a Security Operations Centre?

A SOC is a part of an organisational structure that continuously monitors and analyses an organisation’s security procedures. In doing so, it defends against targeted security breaches while actively isolating and mitigating security risks. Thus, the need for a SOC becomes apparent to act swiftly in the event of data compromise before it jeopardises sensitive client data and internal systems. A SOC tracks and analyses servers, endpoints, networks, applications, websites, and IoT device activities. 

Members of a SOC provide a critical layer of analysis needed to seek out irregular activity that could suggest a potential security incident. While network technology systems such as an IPS or firewalls can prevent basic attacks, human expertise is needed to respond to these security incidents.

There are two critical functions in building up SOC operations

The first is to set up security monitoring tools to receive raw security-relevant data. This includes making sure cloud and on-premises infrastructure are all sending logs to a SIEM platform.

The second function is to use these tools to detect malicious activity. We do this by:

  • Analysing events and alarms,
  • Detecting anomalies,
  • Reviewing indicators of compromise,
  • Editing and creating event correlation rules, and
  • Executing triage on these alerts by determining their criticality level and scope of impact.

External SOC scenario

Resorting to an external SOC through an intermediate party is ideal for facilitating implementation at a controlling cost. Furthermore, an organisation’s SOC should be the core of its cyber security program. Hence, to outsource this operation centre is placing the responsibility on an organisation for which cyber security is its specialty and core business focus.

As such, the positive implications for an outsourced SOC team include;

  • 24/7 monitoring network for detection and response,
  • Access to readily available cyber security expertise,
  • Proactive threat hunting,
  • Rapid solution deployment.

Ultimately, the adoption of this managed cyber security service can reduce an organisation’s overall cost. Through outsourcing, SOC teams can more affordably conduct threat modelling and risk analysis. This is because they are aware of cost-efficient tools and best practices when dealing with cyber threats. For example, securing import information has become a costly affair, however, once a contract is signed with a cyber security agency, the business can resume its focus on providing services and products while a SOC can keep sensitive internal data.

Summing up

An established SOC is a must if an organisation expects growth. Adopting an external SOC service allows one to have dynamic security that constantly analyses, monitors, prevents, and remediates targeted security risks. Get in touch with Intrix Cyber Security for opting with a managed SOC.

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