Page 51 - Cyber Defense eMagazine for July 2020

On the other hand, buying a SOC solution can be cost-effective. You may not need to buy software or
equipment directly, and you won't have to hire or manage the team full time. Managed Security Service
Provider (MSSP) will take care of everything for you - from the integrity of the infrastructure to triage and
incident response. Since obtaining technology and personnel costs will not a preoccupation for you, the
total investment value may end up being much lower.

How to choose the best option

The responses are not linear, but some questions can help you to make the final judgment.

● How do security and SOC align with the business strategy and mission?
● Do you intend to operate on a 24 × 7 scale?
● Are the investments involved justified?
● Does your business need greater control by demanding its own SOC?
● What would happen to your business if it suffered a security breach?

When considering the last question, if the impact is minimal, it is suggested to hire a SOC solution. If the
impact is quite significant, then I advise you to develop your own SOC solution.

Developing a SOC can be very costly if not done in the right way. Some mistakes can even compromise
your business goals and objectives. The lack of experienced professionals in the market definitely makes
managing your own SOC a little more challenging - the demand is huge and your partners and
competitors looking for the same resources as you.

In sum, the challenge of implementing a SOC in your organization is enormous, but the benefits are
notorious.

Continuous Protection: Having a command center that monitors your network and/or facility 24/7.

Timely Response: The gap between critical event and response time narrows.

Help Customers/Stakeholders Feel Secure: A security command center can serve external and
internal marketing purposes as well.

Simplify Investigations: Capabilities of a security operations center on hand can expedite the process
of analysis.

And last but not least, a SOC solution can provide insight on identifying threats before they become
critical events.

Cyber Defense eMagazine –July 2020 Edition 51
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