Nadav is the co-founder and CEO of CYREBRO.
Cybercriminals are continuously using any means necessary to infiltrate devices and networks, which can have a material impact on the bottom line, potentially costing millions. Companies may have already invested in multiple security applications with this in mind, but there are still numerous obstacles to overcome to ensure that your systems are properly protecting your business’ assets and data.
Simply having the latest security solutions is not enough; organizations must have the knowledge of what to look for and how to respond in real time — 24/7/365 — because the risk posed by “known unknowns” could impact production or place valuable intellectual property in jeopardy. The business of fully and accurately understanding the scope of cyber threats is complex and expensive. While SMBs are already pre-invested in a wide array of security solutions, many businesses also tend to have up to 20-plus security systems in place that generate millions of daily logs and numerous alerts.
Efficiently handling alerts is also time-consuming. A missed or ignored alert can potentially cost a business hundreds of thousands and put its reputation on the line. IT staffers are just closing alerts, more often than not, and a wealth of analysis is lost by ignoring potential warning signs.
It’s not for lack of trying, however. It’s simply too difficult for most organizations to attract cybersecurity talent while being able to competitively compensate them.
This is where the security operations center (SOC) comes into play, either in the form of a legacy SOC, a complex, costly endeavor with a labor-intensive rollout, or the latest cloud-based SOC platform.
Guiding SMBs With Ease And Intelligence
SOCs are a centralized function that utilizes technology and security professionals to detect, analyze and respond to cybersecurity events within an organization in real time. However, an organization may not have the appropriate SOC expertise and may also struggle to hire a SOC service that can help them due to a widespread shortage of talent. Talent constraints, plus the complexity and need to reduce costs, leads many organizations to choose a third-party partner to manage a traditional SOC.
The evolution from traditional SOC into a more intuitive platform model has come full circle. The advantages of this type of platform give SMBs and organizations all the benefits of a SOC, including a crew of experienced personnel, while removing the burden of constantly monitoring, detecting and investigating threats. This allows organizations to have a proactive security approach, in addition to a reactive one, and respond to threats in a timely fashion with the requisite monitoring, detection and analysis measures.
This model can save an organization money, with the cost being that of a single employee, but it does have its downfalls. When implementing these new types of platforms, businesses may be forced to replace their current security system infrastructure, which can reduce the time available for implementation and leave a business at risk of cyberattacks and become costly.
Additionally, a business may not have appropriate visibility or access to timely actionable insights and recommendations due to the platform’s lack of automation, and if this is an option, it is often associated with hidden costs and little to no transparency about the business’ broader security posture. Everything that transpired during an attack is always clear in hindsight, but remediation isn’t possible without seeing and understanding what’s happening.
Replacing A Legacy Service With A Cloud-Based Platform
A SOC platform may be a beneficial solution for organizations, but it ultimately needs more ways of ensuring assets are kept safe as evidenced by cybercriminals attacking businesses every 39 seconds and 43% of attacks targeting small businesses. As such, some companies are turning to other solutions that can efficiently monitor and analyze cyber events and enable a business to gain decision-making insights at a fraction of the cost.
A SOC platform that is technology agnostic and adaptable allows businesses to integrate with existing systems and provide machine learning and AI-driven cyber threat protection to help with use cases like strategic monitoring, incident response and threat hunting. Systems that deliver on these attributes essentially become the holistic bird’s-eye view platform that SMBs need.
As remote work dynamics continue, there is also now a real skills gap when it comes to having capable SOC teams on hand. To make up for this, businesses should look to solutions that provide transparency and clarity over their cybersecurity posture by consolidating security operations in one place. This allows teams to minimize the severity and possibility of threats and be able to prioritize recommendations for future mitigation. This also translates to no alert fatigue and more effective protection of valuable company issues.
This next-generation cloud-based SOC platform may prove essential for businesses that are overwhelmed by the complexity of cybersecurity, especially as they try to keep up with an ever-changing work environment. The initial, early-stage solutions were built primarily for the enterprise and must evolve to address the distinct needs of all businesses. Visibility and understanding are the drivers of effective remediation, and it’s essential that companies are equipped with the right knowledge to help manage the vast security challenges that lie ahead.
Turn Employees Into Security Evangelists
You may be seeing the benefits but are still unsure if you’re quite ready to invest in a SOC based on your current situation. If you’re unsure, but want to at least start improving your security posture, one best practice to start with is through employee training and awareness. The best defense is a good offense, and knowledgeable employees are the front line in this fight.
By training and raising employee awareness about security issues, organizations can help explain how to identify a security threat such as a nefarious phishing email. Getting out ahead of one single potential incident alone could save your business thousands.
By initiating minimal, free or low-cost solutions and adapting enterprise-like cybersecurity measures with a SOC platform, your small business will make significant headway toward fortifying your security and preventing your company from becoming yet another statistic.