In 2018 the average cost of a data breach to an individual company was $3.86 million.
Many small to mid-sized companies wouldn't survive a major breach, but also can't afford to operate a full-scale security operations center (SOC).
The costs, in both physical and human capital, are simply out of their reach.
Thankfully, SOC as a service is now a fully realized and effective way to protect your organization from a cyber attack.
Keep reading to find out how you can benefit from SOC-as-a-Service.
Lydia Dwyer on our Product Management team tipped me off to a recent report released by IntSights that revealed that the financial industry is now the most-attacked industry by cybercriminals and that that the volume of security incidents continues to grow.
A report from Gartner announced this week on DarkReading found that nearly one out of three companies don’t have on-staff cybersecurity expertise. Gartner research director Rob McMillan and principal research analyst Sam Olyaei compiled the 2018 CIO Agenda Survey from over 3,000 respondents the article said. And while more organizations have cybersecurity staff than previous years, one third are still lacking a dedicated resource.
In a recent article for Forbes, Dave Lewis recalls an experience earlier in his career in which the physical access controls to production servers were completely undermined by lack of proper network segmentation. In the article, he notes that traditional network segmentation is now being replaced with movement towards “zero trust.” The concepts of “inside the network” versus “outside the network” are melting away as organizations steadily move towards cloud-based and hybrid infrastructures.
Software patches provide a critical role beyond providing reminders to end users. Their purpose is to fix bugs and vulnerabilities that are present and to create a safer, more secure computing environment. Applying these patches is critical for organizations to reduce the risk of data breaches or compromise; however, due to the sheer number of patches or vulnerabilities that are found, it is often difficult for organizations with even moderately complex environments to perform this function.
A few months back, I shared how to get a 24x7 SOC without hiring. Today, let’s talk more about why you can’t afford to wait to get a 24x7 SOC up and running. Every company, no matter what industry or size, is now the target of cyberattacks. There is no organization immune from the threat posed by internal and external threats. Smaller companies may be even more susceptible to the risks of security breaches, ransomware, and intellectual property theft, simply because they often lack the resources needed to properly monitor, identify incidents, and respond in a timely fashion.
SOC as a service can be a cost-effective alternative for organizations who struggle with the time, budget, or trained staff needed to build and manage their own 24x7 SOC. A SOC-as-a-Service solution will help provide the extra eyes for 24x7 coverage along with security expertise and guidance for remediating potential security incidents that are detected. Services typically also install and tune the necessary technology, removing this burdensome task from your organization. Here are three reasons to consider SOC as a Service:
If you are thinking of buying a managed detection and response (MDR) service, then you already know how these services can help your organization achieve security and compliance while reducing costs. These services can help by extending your team and offloading certain tasks related to security monitoring to a third-party, freeing up your team to better focus their efforts. But do you know what to look for in managed detection and response vendors? What sets some providers apart from others? Here are four important items to consider when buying an MDR:
SIEM (Security Information and Event Management) has been around a while and forms a pillar of many security programs, collecting and correlating data from a wide range of network devices to identify and alert on anomalous activity. This activity may indicate a potential attack or malicious actor posing a real threat to your network security. However, enterprise-class SIEM software products are advanced solutions and require constant tweaking and tuning of alerts to quiet unnecessary noise and provide actionable information on viable threats. These solutions require a team of staff to monitor alerts around the clock to interpret and respond to potential incidents. These solutions can also be very costly to purchase and deploy. However, managed SIEM services can avoid these hurdles and start delivering value to your organization almost immediately. If you’ve been putting off your SIEM projects because you don’t have enough staff or thought it would cost too much, you should consider a managed SIEM solution. Here are three reasons to look at managed SIEM:
As a Solutions engineer, we have the privilege of listening to mid-sized and large organizations that are struggling to keep up with the ever-changing cyber security landscape. This blog post will provide insight and hopefully educate those with one or more of the following signs that a Security as a Service was needed yesterday.
Let’s pause though. What is Security as a Service? This is a software-as-a-service security program that comprehensively identifies threats, helps mitigate risk and meet compliance. Generally, this is comprised of a balance between People, Process, and Technology.