Due to the recent global pandemic, the way the world conducts business has changed. The current epidemic has had an immense impact on the ways organisations operate; increased adoption of remote working, increased use of Cloud platforms, SaaS, flexible working patterns, and an agile workforce. And as a result of these changes, there has been a significant increase in the number of cyber-attacks, affecting all organisations with the consequences of financial losses, intellectual property theft, reputational damage and ultimately, business failure. Cyber Resilient is now not just a nice to have, but fundamental for an organisation to continue to exist and operate.
CEO’s, Directors and business owners must take up a smart initiative to cyber-secure their companies from potential cyber-attacks internally and externally and protect their customers’ privacy and integrity.
Organisations operating in the new ways of working must consider how they monitor critical assets, defend against insider and external threat actors, particularly in light of the increase in the agile workforce, remote working and cloud adoption.
Below we provide the reasons why organisations need to operate a fully managed Security Operations Centre (SOC as a Service) to help reduce risk.
What is a SOC and how does it work?
A Security Operation Center (SOC) is a Security as a Service solution to support Information Security teams that monitor an organisation’s security infrastructure by routinely tracking and analysing the security posture. Additionally, the SOC is responsible for monitoring and analysing activities on distributed networks, databases, servers, websites, endpoints, and applications in search of cyber events that potentially indicate a compromise or security incident.
The SOC identifies potential threats, both internal and external, by learning the mechanics of the attack along with deducing what part of IT infrastructure would fall victim to it. Organisations’ with an efficient SOC will have a better chance of avoiding unfortunate security incidents by detecting flaws in their IT systems before they happen.
SOC teams have set goals of detection, analysis, and response to cybersecurity incidents by fusing technology solutions with a robust set of processes. Typically a SOC team consists of an Operation or Security manager(s) managing a team of security analysts and engineers. The appointed SOC team work closely with the organisation’s Incident Response team to ensure security alerts are dealt with and adhere to strict SLA’s.
Why is SOC Important?
With the advent of “smart machines,” one might think the need for a human-made security response team as somewhat outdated. However, with the evident rise of phishing and social engineering attacks, humans have slowly become the weakest link in this chain of security.
Organisations are now shifting their focus on human impact rather than technology impact in efforts to lower threats. It is, therefore, crucial to have a SOC team to strictly monitor and analyse known and existing threats along with studying emerging risks.
Albeit technology systems such as firewalls, VPNs, and antimalware software put up a great initiative in protecting from basic attacks, a human analysis can, however, can help protect from significant incidents.
A SOC team is, therefore, crucial as it builds up a combination of techniques such as threat detection and human analysis, which gives way to improving an organisation’s defence mechanism.
The SOC collects all the information from within the organisation. Further, it correlates with external data that may provide insights into potential threat incidents to stay ahead of evolving cyber threats. This external information usually consists of the following information:
- Threat briefs
- Vulnerability alerts
- Incidents reports
- Threat Intelligence
- Threat Hunting
In short, SOC is crucial as it helps an organisation stay ahead of threat incidents, ensuring a sound security infrastructure, and protecting the organisation from future cyberattacks and losses.
At CyberQ Group, the SOC team continually feed threat intelligence data into tools that help keep processes updated, allowing the SOC to discriminate between real threats and non-threats effectively. Ultimately, this method helps ensure the SOC team is always ahead of security incidents.
Moreover, the use of security automation and threat intelligence makes SOCs more effective and efficient. A SOC based on the use of highly skilled security experts working alongside security automation allows organisations to enhance security measures and build a better defence against security breaches and cyber-attacks.
Advantages of a SOC
Within the rapidly evolving cyber threat space, there is no denying that a SOC is crucial for organisations that want to stay protected and improve response times to cyber attacks.
A SOC gives organisations a better insight on their security structure along with providing skills for timely response against cyber attacks. As cyber-attacks continue to increase in consistency, organisations need to refocus their security effort into prevention and detection.
Advantages to an organisation having a SOC:
- Appropriate Maintenance of Regulatory Compliance
The SOC is explicitly designed to the requirements of your organisation and sector to enhance the security of your infrastructure and prevent future security breaches and compromises, along with strict SLA’s to respond to security incidents. The SOC supports organisations to meet with their regulatory requirements based on security monitoring, incident response function, and vulnerability management.
- Reduces Costs
A significant benefit of a SOC is it protects an organisation from financial losses. The purpose of a SOC is to help prevent data losses, help maintain the integrity of sensitive information and improve customer retention. A SOC is a crucial factor in gaining customer’s trust, which in turn leads to great financial rewards. Thus, a SOC allows organisations to improve their reputation, increase and retain customers and increase revenues.
- Centralised Presentation of Assets
A SOC provides a holistic view of critical assets, and with the correct people, processes and technology in place, the SOC will proactively detect problems efficiently and effectively. Therefore, even dispersed organisations, with a SOC will be able to centralise monitoring and ensure the efficient running of security operations within an organisation.
- Enhanced Threat Management
Organisations continually invest in technologies designed to prevent and detect threats. However, to ensure these technologies work to maximum efficiency, they must be centralised, correlated, and carefully monitored by a capable SOC team.
Organisations must adopt new ways of working, and such changes can be the success or failure of an organisation. With the ever-increasing focus on Cloud, Hybrid, and remote working technologies, protecting and monitoring of critical assets are essential to grow and thrive.
Cyber-attacks are costly for all shapes and sizes of organisations. Therefore, to ensure an organisation is safeguarded against attacks, they need to ensure their IT infrastructure and critical assets are well protected.
In conclusion, the SOC is critical as it provides a much needed, more profound insight into an organisation’s security infrastructure. A SOC’s purpose is to monitor, analyse, and fix the security posture to ensure that an organisation has a robust IT infrastructure. Therefore, it is crucial to have a SOC service in place that proactively monitors and detects incidents ensuring security within the origination.
To ensure your organisation is not just another cyber statistic – monitor, protect and defend.
Contact CyberQ Group To Make Your Business Resilient.