Whitepaper: The How & Why of Choosing a Reliable SOC Partner

Hackers attack every 39 seconds, on average 2,244 times a day. In the past six years alone, security breaches have increased 67% annually. It takes top of the line security tools and a committed, trained, and experienced security team working around the clock to protect a large or small business. The issue lies in that only larger enterprises can afford to implement and manage this extensive and thorough in-house security coverage. Threat actors are well aware of this problem. 

As cyberattacks become more common and more sophisticated, it’s imperative to have continuous monitoring for your SMB’s network. This type of safeguard security is no longer out of reach for SMBs. There’s a cybersecurity service that features enterprise-class technology, procedures, skills, and experience for the SMB market at an affordable cost – a key factor that’s previously deterred SMBs from reliable cybersecurity. This service is called a Security Operations Center (SOC), and it’s becoming commonplace for SMBs to shield against the losses that tail from cyberattacks. 

WHAT IS A SECURITY OPERATIONS CENTER? 

A SOC is a centralized information security team responsible for monitoring and analyzing an organization’s cybersecurity posture 24/7/365. A SOC is an organization’s first line of defense against outside adversaries. Within a SOC is an organization’s confidential information such as websites, databases, servers, endpoints, and networks monitored, assessed, and defended. SOCs are pivotal in ensuring the containment of potential threats, diffusing them rapidly, which therefore allows organizations to decrease their “breakout time” — the critical timeframe between when an intruder begins moving laterally outside of the initially compromised machine to other systems in the network. SOCs are essential in the fight against cybercrime. 

HOW DOES AN SOC PROTECT MY BUSINESS? 

Safeguarding the confidentiality, integrity, and availability of a modern-day information technology enterprise is a big undertaking. While cybercriminals target small to medium-sized businesses (SMBs) at a staggering rate of 28%, constant monitoring, detecting, reporting, and defending are vital to avoiding massive loss to an organization. 

There are several primary SOC offerings and benefits that help best defend your SMB: 

Continuous monitoring. 

Not only do SOCs help you locate weaknesses within your network, but they also monitor for potential threats and flow of traffic in and out of your system in real-time to identify any anomalies, 24/7/365. 

SMBs may wonder why continuous protection is so vital, and that’s because much of the malicious and destructive activity occurs outside regular business hours. For example, threat actors from a foreign country may exploit global time differences to infiltrate a business’s network, wreak havoc, and cover their tracks while the victim’s staff is offline. Partnering with a reliable and experienced SOC helps combat this problem. 

The latest security tools. 

The analysts and engineers who work within a SOC are deeply acquainted with threat intelligence and threat software. SOC experts will detect and respond to incidents quickly and report their findings to the SMB, post-incident. Response time is the most critical component of cyberattacks. While a SOC focuses on safeguarding your business’s network, your internal IT team can remain focused on their day-to-day tasks without interruption.   

Reduced costs. 

While cyberattacks can cost an SMB more than $2.1M, partnering with a SOC further lowers overall costs due to a cohesive security team, which results in less overlap in job duties. Furthermore, helps businesses avoid costly fines and penalties due to violations of the Payment Card Industry Data Security Standard (PCI DSS), Health Insurance Portability and Accountability Act (HIPAA), and other data security guidelines. 

CONCLUSION 

Regardless as to whether your SMB has experienced a cyberattack or not, SOCs can suit your organizational requirements while also improving your overall cybersecurity risk posture. While in reality, you might not know if you’re a victim of a breach or not. Every organization – including SMBs – needs the protection of SOCs to detect, analyze, respond to, report on, and prevent cybersecurity threats that can lead to devastating losses. 

Mission Essential CTS offers tailored cybersecurity solutions to combat advanced threats and provide organizations with affordable, enterprise-grade SOC solutions. With our global, military-grade experience, we meet or exceed the best in the market cybersecurity solutions for your business. To learn more about our cybersecurity solutions and how to safeguard your data, feel free to contact our team at info@missionessentialcts.com.  

REFERENCES: 

Sobers, R. (July 2020). 110 Must-Know Cybersecurity Statistics for 2020: https://www.varonis.com/blog/cybersecurity-statistics/ 

Guta, M. (May 2020). 28% of Data Breaches in 2020 Involved Small Businesses: https://smallbiztrends.com/2020/05/small-business-data-breaches-2020.html#:~:text=Almost%20a%20third%20or%2028,Investigations%20Report%20(2020%20DBIR).&text=For%20this%20year’s%20report%20Verizon%20analyzed%20a%20record%20total%20of%20157%2C525%20incidents 

Parakh, M. (October 2018). Importance of SOC (Security Operations Center) for Small and Medium-Sized Businesses: https://yourstory.com/mystory/importance-of-soc-security-operations-center-for-s-zlx3octit1 

Peters, M. (February 2019). Cyber Attack Costs Can Cripple Small and Medium Sized Businesses: https://securityboulevard.com/2019/02/cyber-attack-costs-can-cripple-small-and-medium-sized-businesses/#:~:text=According%20to%20Ponemon%20Institute%2C%20cyber,million%20is%20an%20average%20figure

Long, M. A Small Business Guide to the Security Operations Center (SOC): 

https://www.fool.com/the-blueprint/soc/

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