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According to MarketsandMarkets, the global SOCaaS market has a projected growth of $11.4 billion by 2028. This is in comparison to the recorded $6.7 billion in 2023. This meteoric rise is not really surprising. After all, it guarantees a robust layer of protection at a competitive price.
If you are wondering what SoC as a Service is and how it can benefit your business, this article is for you. You will find all there is to know about the service here. From the best practices to choosing the best provider, we’ve got it all covered!
Security Operations Center as a Service refers to a security model where a third-party provider manages a comprehensive SOC on a subscription basis. It is also cloud-based and built on software-as-a-service (SaaS) architecture. In essence, it provides all the security functions of an in-house team. Common tasks include intelligence threat detection and network monitoring.
It also covers log management, incident investigation and response, and risk and compliance. While often delivered as a stand-alone service, it is a part of a broader security package. It is also combined with other security services within a firm’s security architecture.
Modern businesses need a digital presence, plain and simple. Without one, your target customers won’t be able to find you. The absence of the right security exposes businesses to an onslaught of hacking attempts. Unfortunately, some businesses that invest in cybersecurity consider it an expense rather than an investment.
Instead of investing in cybersecurity, some businesses choose to use their capital elsewhere. For instance, they allocate it for other operational expenses as opposed to using it to protect one of their most valuable assets – their data. On the other hand, others just don’t have the capital to invest in a robust cybersecurity system.
All that changed with the advent of the Security Operations Center as a Service. For starters, it gives businesses complete cybersecurity protection at a reasonable price. For a monthly fee, you can rest easy knowing experts are protecting your business from online threats 24/7.
Some of the functions providers take care of include:
Below are some of the key features that make the service a critical part of the modern cybersecurity strategy:
As we all know, modern cyber threats are not confined to a 9-5 schedule. If such is the case, one person can take care of your cybersecurity concerns without any issues. But what happens when your system gets infiltrated at 3 AM? This is where the service becomes an indispensable tool. Below are other unbeatable benefits you stand to gain:
It enhances your organization’s security posture. It provides continuous, comprehensive, and expert-managed security services. This holistic approach warrants that all aspects of your online security are included. From prevention, detection, and response, SOCaaS has it covered.
Since it provides round-the-clock security, they are swift in threat detection and providing solutions. It also minimizes key cybersecurity metrics such as breakout and dwell time. This reduces the risk and impact of data breaches.
As your business grows and evolves, your online security needs also change. SOCaaS provides scalable solutions that fit the complexity of your IT environment. This level of flexibility guarantees your security measures remain aligned to your needs.
It’s a no-brainer that a subscription service is more cost-effective than having an on-site team. When you partner with a SOCaaS provider, you leverage state-of-the-art security services. This spares you from investing a significant capital in tools, infrastructure, and personnel.
Cyber threats are becoming more and more sophisticated. As such, they require expertise and advanced tools for fast detection and response. The service gives your business access to skilled professionals and advanced security technologies that can help identify and address these security threats fast.
The cybersecurity landscape is complex and volatile. Fortunately, it gives you access to experts who know the best practices in the industry. It is also important to keep in mind that an in-house team of IT experts is both difficult and costly to develop and maintain.
Continuous monitoring is vital for early and effective responses to online security threats. With 24/7 monitoring, security incidents are resolved immediately. It also ensures that any IT damage is kept to a minimum.
Compliance with industry standards and regulations is important for businesses. The service covers compliance management and reporting. This warrants your business meets the regulatory requirements and avoids potential fines.
The right provider ensures your business gets robust security from online threats. However, finding the best partner can be challenging. With so many vendors to choose from, finding the right one can be tricky. To narrow down your options, keep the following essentials in mind:
Integrating the service into your business requires careful planning and execution. Here are some best practices to help warrant a successful and smooth integration:
Identify your security requirements and objectives. From there, determine what you want to achieve with the service. Common objectives can include enhanced incident response, compliance adherence, and threat detection. This clarity can make your selection and integration process faster and more straightforward.
Identify potential threats and vulnerabilities by performing a comprehensive risk assessment. The assessment can help you understand where the service is most beneficial. It also helps you determine priority areas that need immediate attention.
Choose a service provider that aligns with your security objectives and needs. Take into account important factors like technology, scalability, and client feedback. Also, consider expertise and service offerings. A provider that can easily integrate into your current system would be ideal.
Give a clear outline of the service provider and the internal team’s roles. You should determine who will be responsible for certain tasks. For instance, identify who should do compliance reporting, vulnerability management, and incident response. When there’s a clear description of duties, there is efficiency and accountability.
Review and update your business’s security procedures and policies. Ensure they align with the industry’s best practices and evolving threats. Make sure your chosen provider integrates the policies into their operations.
SOCaaS offers modern businesses a scalable, strong, and cost-effective solution against cyber threats. They leverage advanced threat detection, expert monitoring, and comprehensive incident response. This helps businesses maintain a robust security posture 24/7.
It’s time to protect your business from evolving threats. Take your cybersecurity strategy to the next level with STAFFVIRTUAL’s SOCaaS. Our expert professionals provide cutting-edge threat detection, fast incident response, and round-the-clock monitoring.
Don’t allow cybersecurity threats to compromise your business. Partner with us and achieve unprecedented security and peace of mind. Schedule a call and discover how our tailored solutions can strengthen your defenses and take your cybersecurity to the next level.
Sources:
SOC as a Service Global Market Forecast to 2028 | Market and Markets
What Is Software as a Service (SaaS) | Investopedia
Understand the Importance of Cyber Security: Guardian Against Threats! | Simplilearn
SOCaaS: Security Operations Center as a Service for Cloud Computing Environments | Research Gate
What is a Security Operations Center (SOC)? | IBM
Why Do You Need a Security Operations Center as a Service? | GovTech
Security Operations Centers | Science Direct
Best Practices for Setting Up a Security Operations Centre (SOC) | Government of Canada