Will your company survive if there is a breach of its data infrastructure? According to a prediction by Cybersecurity Ventures, businesses around the world are more likely to fall victim to ransome attacks every 11 seconds in 2021, compared to 14 seconds in 2019.  

In todays’ business landscape, a single data breach can cause a company millions of dollars in costs. The need to prevent these types of losses and provide security against cyber-attacks has seen businesses around the world adopt Security Operation Center (SOC) as a data protection solution. 

In this article, we will look at the definition of a SOC, the importance of having a SOC, and how it can be of help to IT professionals. 

Let’s get started!

What is a Security Operations Center?

A Security Operation Center (SOC) is a centralized location that houses all the company’s security data and enables a dedicated team of security experts to monitor, detect, analyze, and react to incoming cybersecurity attacks or incidents around the clock. 

In a nutshell, a SOC is a combination of all the people, processes, and technological solutions employed to monitor and protect a company’s data security. 

Think of a SOC as an intelligence hub or a central command post, receiving data across a company’s IT infrastructure, including its network, endpoints, devices, internal/external data sources to detect, intercept, and responding to potential cyberattacks. 

Why is having a SOC Important for a Business?

Recent years have seen the rise of cyber threats, creating an unsafe space across various industries and companies around the world. To minimize these threats and protect sensitive data, companies around the globe have adopted advanced cybersecurity protection solutions as a line of defense.

The need to minimize cyberattacks or risk has created a demand for security experts who can serve as monitoring agents, warning companies and industries about potential threats. 

Today, the inclusion of in-house and outsourced security operation centers is fast gaining ground across industries in the US and around the world. Moreover, companies that deal with end-consumers data are making use of managed SOC solutions to mitigate potential cyber risk. 

What Are the Different Roles in a SOC? 

Most Security Operations Center or SOC performs multiple cybersecurity roles under their services portfolio. These are the most common roles:

• Incident Response 

Thanks to the centralized nature of SOC’s, in-house or outsourced SOC teams can quickly respond when a cyber threat is detected. Incorporating detection and response solutions allow cybersecurity and IT professionals to detect and respond to incidents in real-time. 

• Strategic Monitoring

Security operations Centers enable data analysts to inspect and compile data from different periods) or after a security breach. This helps to detect and track cyber-attacks based on previous behaviors. 

• Compliance

With a dedicated SOC, in-house and outsourced security teams can monitor their actions and ensure that they are working in line with their respective organizational policies, industry regulations, and data regulatory laws. 

• Forensics 

While SOC allows security teams to detect and respond to threats, it also helps IT and cybersecurity teams to evaluate cyber-attack evidence and determine the ‘why’ and ‘what’ to find out more about a past security breach. 

• Threat Intelligence and Threat Hunting

Proactively searching for cyber threats that are lurking undetected across all types of networks. SOC’s also enable cybersecurity and IT teams to thoroughly search for malicious actors within their company network environment that has slipped past initial security defenses.

Why Is Cybersecurity Important for IT?

With ransomware attacks predicted to cost businesses around $6 trillion annually by 2021, there is a great need for IT professionals to adopt more innovative cybersecurity solutions. Cybersecurity is important for IT companies and professionals because it helps to protect all forms of data from cyber theft and breach. 

Unsecured networks can provide an opening for cybercriminals to steal sensitive company data and damage your company’s reputation. According to a report by CSO Online, over the past year, the average cost of cybercrime for an organization has increased 23% more than last year—US$11.7 million.

Adopting cybersecurity solutions like CYREBRO enables your IT and security team to become proactive in dealing with cyber threats and attacks. CYREBRO enables you to be on top of your company’s data assets around the clock while monitoring the entire network from one centralized command.  

How A Cybersecurity Operations Platform Can Make Your IT Team Excel?

Implementing a SOC Platform as one of your company’s cybersecurity protection measures comes with a lot of security benefits. Not only does having a centralized SOC protect your company’s data infrastructure, but it also plays an important role in enabling your IT team to excel in their various technological operations.

Adopting a flexible SOC platform can be of help to your company’s IT team. Here is how:

• Raise Awareness and Turn Your Employees into Cybersecurity Warriors

Introducing an interactive SOC platform that offers a clear data representation of your company’s cybersecurity state enables your employees to understand what is important, what it means and get insightful measurements to deal with potential  cyber threats 

• Responding To Threats Without the Need of Hiring Additional Talents

SOC platforms like CYREBRO makes it easy for companies to handle their security in-house without external help. Companies seeking to acquire a higher level of security protection for their data infrastructures but lacking an enterprise-like budget can receive the much-need support by switching to a SOC platform. 

Small-sized businesses with limited cybersecurity budgets can take advantage of the CYREBRO platform by integrating all security events with 24/7 strategic monitoring, proactive threat intelligence, and rapid incident response.