Securing an entire organization's computer environment is one of the most challenging feats for IT staff. Cybercriminals are more adroit than ever before, and the attack vector is rapidly expanding. Laptops, smartphones, tablets, wearable devices and a diverse array of other end points are now included as potential gateways for cybercrime. Ransomware is on the rise. Phishing scams show no signs of abating. Cases of macro malware are cropping up at levels that haven't been seen in years. All of these threats hardly skim the surface.
Given the diversity and volume of modern cyberthreats, one must ask, is it really possible for IT staff to stay on top of all of them? At what point are they wasting time and money trying to combat cybercrime?
Wrong tools for the job
The only thing harder than being a specialist in every type of cybersecurity is knowing how to manage the plethora of tools available to help ward off cyberthreats. Anti-spam, anti-malware, anti-virus, application whitelisting and endpoint security are only some of the different types of cybersecurity solutions on the market. Knowing which of these products to invest more heavily in, and how to maintain and use them is not always as easy as one might think.
According to TechTarget, a recent study has revealed that many organizations are purchasing cybersecurity solutions they don't always have the wherewithal to leverage. These purchases tend to be in response to growing pressure from the boardroom to heighten cybersecurity. Notably, TechTarget reported that 74 percent of IT security specialists feel pressure to buy products with the latest cybersecurity features, but 31 percent claim they don't have the expertise or resources to deploy these solutions.
MarketsandMarkets research forecasts the global cybersecurity market to witness a compound annual growth rate of 9.8 percent through 2020. This translates to an increase in monetary value of $106.32 billion in 2015 to $170.21 billion by 2020. Interestingly, the report notes that managed security services in particular will contribute significantly to this growth. Considering so many organizations are struggling to manage their current cybersecurity tools, this might bode well for overburdened, understaffed IT security teams.
SOC-as-a-service: A more manageable solution
That said, there are a variety of managed cybersecurity services, and it's worth knowing which are actually essential and, equally as important, which will supply the greatest value to an organization for the longest amount of time.
According to TechTarget contributor Eric Cole, security operation centers should be at the top of the list. Cole estimated that on average, it takes about 10 months for an organization to actually detect a data breach, at which point the damage has been done and preventative cybersecurity is useless. The value of a SOC is that it works with other forms of cybersecurity to notify organizations of suspicious activity that could be indicative of a data breach.
More specifically, SOC-as-a-service puts a dedicated security engineer in charge of monitoring network activity, supplying vital security updates as well as regular reports that assess the current state of network security. Unlike traditional SIEM software, this means that there is no extra strain put on IT staff. This could help alleviate some of the pressure currently affecting so many cybersecurity professionals, while enhancing organizations' cybersecurity strategy. It can also cut back on costs and time to deployment associated with legacy SIEM services. SOC-as-a-service is affordable and can be deployed swiftly.
It's not enough to go on faith anymore. Organizations need a way to make sure their cybersecurity solutions are actually doing their job. This peace of mind is exactly what a SOC provides.