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What Is a SOC Provider?

October 7, 2022

An essential element of an effective cybersecurity strategy is having a security operation center (SOC) to monitor your network and protect your data. Organizations must hire security experts, negotiate and purchase security software and hardware to build one, configure the SOC, and monitor for threats. Rather than putting this burden on your IT staff, organizations can benefit fromThese companies specializing in managing the security operations of organizations in all types of industries.

 

Level 4 of a managed SOC provider

The security operations center (SOC) protects an organization's networks. It must have visibility across the entire organization to determine potential threats. This visibility should include all connected devices, encrypted data, and in-house and third-party systems. In addition, it should be able to analyze machine data. The SOC also needs to be able to identify new threats that may be emerging.

The SOC will respond to threats by removing malware or ransomware. Once this is done, the SOC will restore the systems to their pre-incident condition. This process may involve wiping endpoints or reconfiguring them. Sometimes, it may also include deleting files to protect other users.

The tools used for this purpose are called SIEM (security information and event management) systems. These systems collect data from security feeds. A SIEM system can include various tools, including risk and compliance systems, endpoint detection and remediation, and threat intelligence platforms. A SOC must understand the organization's workflows and the daily threats.

Using advanced security tools is crucial to achieving Level 4 maturity. A Level 4 SOC provider will have deep knowledge of the business and threat models and use sophisticated tools within their SOC, such as SIEM with SOAR capabilities. This allows them to protect a business from common attacks.

A SOC comprises several components, including people, processes, and technologies. It serves as the central command post for the security of an organization's digital assets. This includes employees' data, intellectual property, brand-related assets, and business systems. The center will also use intelligent automation to identify and manage threats. A managed SOC can help organizations coordinate across departments, improve communications, and streamline monitoring.

 

Level 3 of a fully managed virtual SOC

SOC services provide centralized views of your security infrastructure. They also detect issues and prevent them before they become a problem. This is vital if your business handles sensitive information. SOCs are also an excellent way to establish trust with your customers. However, setting up a SOC alone is not the best solution.

The SOC's responsibility is to protect the organization from cyber-attacks. As such, its staff is constantly analyzing and improving security. This includes conducting ongoing vulnerability assessments, gathering threat intelligence, and performing penetration testing. By utilizing log data, SOCs can answer the central questions of an incident and prevent similar incidents from occurring.

The downsides of a fully-managed virtual SOC provider are that it isn't customizable. This can limit your company's ability to store historical data. Further, if you choose an external SOC, you'll share it with many other customers, limiting its ability to protect specific endpoints or communication channels.

Setting up a SOC requires considerable resources and expertise. The cost of building and staffing the center can be high for a large enterprise. However, an MSSP can leverage economies of scale to reduce operational costs. These costs are typically classified as operating expenses rather than capital expenses. Another advantage of using an MSSP is that you'll be free from the burden of maintaining the security infrastructure of your own company.

Security operations centers are comprised of skilled security analysts and engineers trained to protect your organization from cybersecurity threats. These professionals work to protect your business systems and digital assets. In addition, they also help you develop a secure architecture. They can also collaborate with other departments within the organization to detect and prevent security incidents.

In addition to protecting your information, an effective SOC helps you comply with the various legislative standards that affect data security. GDPR, HIPAA, and the Payment Card Industry Data Security Standard are just a few of the legislations that may impact your organization.

 

Level 4 of an outsourced SOC provider

While the technological backbone of a SOC is a SIEM, organizations must continually add more tools as the threat landscape evolves. Eventually, this patchwork of devices can become hard to manage and extract meaningful security insights. In addition, nearly 80% of organizations lack the required number of analysts to maintain a fully-functional SOC. It is also challenging to find qualified experts to fill the role. Fortunately, SOC as a Service can help organizations meet these challenges by playing a vital role in the critical incident process and mitigating risk.

When choosing an outsourced SOC provider, look for a proven track record of high performance. The vendor should offer 24/7 coverage, support multiple communication methods, and be capable of quickly escalating significant events. Additionally, the vendor should have two geographically distributed sites to ensure redundancy and the ability to recover in the event of a disaster. Additionally, the provider should have certified employees in the most significant cybersecurity technologies. Lastly, the provider must guarantee that they will provide services from specific locations.

The disadvantage of using an external SOC provider is that it may result in data leaks and data loss, and the security of an external SOC may not be as high as that of an in-house SOC. In addition, the external provider may be limited in storing historical data. Moreover, the SOC services provided by an external provider are typically shared by several clients. These factors may result in lower efficiency, limited customization options, and an inability to secure specific endpoints and communication channels.

The SOC as a Service provider, will need access to an organization's network and data to detect and defend against cyber threats. This information will have to be shared with the provider, making securing enterprise data more challenging. It is also essential to consider the cost of maintaining a SOC as a Service provider.A SOC as a Service provider can provide a team of cybersecurity experts that monitor your network 24 hours a day. They will also investigate any threat that is detected. They will also work with your internal IT teams to improve their response.

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