There is no doubt that security monitoring is important regardless or company size or industry. According to the respected Verizon 2019 Data Breach Investigations Report, “…we don’t see any industries flying completely under the radar. …everyone is vulnerable to some type of event.” The question is how to implement an effective program. Many companies jump into a project without considering managed security monitoring as an alternative to an in-house SIEM deployment.
There are certainly good reasons to implement an in-house program. Your organization may already have security professionals on staff and have the resources to run a 24x7 operation, or special restrictions like the security clearance required in a government agency. However, most organizations do not fit these criteria and might benefit from a managed security monitoring solution.
Here are 10 reasons to consider a managed security monitoring service instead of an in-house SIEM deployment:
1. Take advantage of a trained & experienced security team
Why attempt to build a security team from scratch when you can utilize an existing security operations center? There is currently a severe shortage of trained information security professionals. Building an in-house team of security professionals will take a large amount of time and effort, and you may still come up short on the skills you need. On-demand security talent is key point in favor of managed services.
2. Minimize your labor costs
The scarcity of trained security professionals also leads to high costs. With a managed service, you can often receive around-the-clock security monitoring for less than the cost of staffing one shift in-house.
3. Lower your fixed costs and increase your budget flexibility
Instead of a large upfront fixed cost for SIEM software, personnel hiring and professional integration services, managed services are a variable cost spread out over the life of the subscription. This model can provide more flexibility when budgeting IT expenditures.
4. Improve security by leveraging shared expertise and threat intelligence
Managed security providers have insight into a wide cross-section of clients and industries. This perspective allows the provider to gain a large security knowledgebase, which helps them to respond to security threats across their entire customer base.
5. Gain efficiency from a set of well-tested processes
In addition to the security intelligence gained by working with diverse clients, security monitoring service providers also have deployment and operational experience in a wide range of organizations. This experience can lead to well-thought out processes to optimize the security monitoring service.
6. Get a faster return on your investment
The combination of trained professionals and established processes can lead to actionable security and compliance information in a relatively short period of time. The return on an in-house SIEM project depends greatly on your level of in-house expertise and resource commitment.
7. Focus on your core mission
By offloading some of the more tedious aspects of security monitoring to a third party, your IT and security staff can spend more time on value-add activities that align with the organization’s primary goals.
8. Keep up with larger competitors
Information security is becoming a competitive advantage in many industries. Companies that can be trusted with financial data and personal information will be better able to attract and retain customers and partners. Managed security monitoring allows resource-constrained organizations to keep a level playing field with larger enterprises.
9. Maintain the ability to scale and adapt the solution
The hard work doesn’t end after installation. As your organization changes and grows, your security monitoring solution needs to adapt. The threat landscape is also evolving constantly. A subscription-based service often provides more flexibility than a perpetually-licensed software product - although most SIEM vendors are happy to help if you pay for a professional services engagement.
10. Simplify your life
You have better things to do than monitor thousands of event logs and worry about your network security 24x7x365. When done right, the managed security monitoring provider becomes an extension of your own team. With security experts taking care of your security, you have one less thing to worry about.