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The Cost of Cybercrime

When it comes to data breaches, every year produces a new record-breaking number. And it’s only getting worse. By 2021, Cybersecurity Ventures forecasts global cybercrime will cost $6 trillion annually.

8-12

Minimum number of full-time security staff recommended by Gartner for 24×7 SOC operations.

Gartner

$105K+

Average cost to purchase and maintain SIEM, Threat Intelligence, and Vulnerability Scanning solutions.

Frost and Sullivan

$3.92M

Average cost of a data breach globally in 2019—or $150 per record.

IBM Security/Ponemon

Calculate Your SOC-as-a-Service Savings

Wondering about your options for securing your organization? Use our calculator below to discover how much you could save with SOC-as-a-Service over building a DIY SOC.

How many employees does your company have?

This determines how many full-time staff your SOC needs and estimated number of professional services hours to implement. A typical company employs 1 staff per 100 employees.

How many servers, physical or cloud, do you have?

This is used to calculate both threat detection and vulnerability scanning.

How many workstations do you have?
How many internet-facing firewalls does your business have?

Building a SOC

As the cost of cybercrime continues rising at an incredible pace, organizations are turning to the Security Operations Center for 24×7 protection. If you’re thinking about building your own SOC, here are the core components to consider when mapping out budget and impact.

SOC Staffing

Security Analysts, Security Engineers, and a SOC Manager are all needed on-site. In addition, 24×7 staffing is critical to catch intruders and malicious insiders before they impact your business.

SIEM + Professional Services

SIEM is the technology backbone of a SOC. Options include on-premises SIEM hardware appliances, virtual SIEM appliances, and co-managed SIEM offerings. However, SIEM is a complex technology to master, frequently requires challenging customizations to implement, and imposes high ongoing maintenance and tuning costs.

External Threat Intelligence

External threat intelligence is critical to understand indicators of compromise, evolving and emerging attack types and methods, profiles of recent victims, and incident severity.

Vulnerability Scanning

Like with SIEM, various options are available. Tools are often priced with usage fees based on the number of scanned endpoints which contribute to cost unpredictability.

Arctic Wolf SOC-as-a-service includes all of these features and more!

Discuss your cost saving calculations with a cybersecurity expert today.

Compare DIY SOC to Arctic Wolf SOC-as-a-service

In this report, Mike Suby, the VP of Research at Frost & Sullivan, appraises all the variables that go into the total cost of ownership of a SOC and discovered these benefits:
  • A DIY approach costs up to 9x more than Arctic Wolf SOC-as-a-Service
  • SOC expertise/staffing is the greatest cost consideration
  • SOC-as-a-service customers experience high rates of satisfaction

“Arctic Wolf brings exponential benefits in terms of affordability. It saves us several times over on the cost of a full-time employee, and that savings more than pays for a comprehensive security service that monitors things 24/7”

Steve Roach, Senior VP and Chief Information Officer at Kern Schools Federal Credit Union

Ready to explore Arctic Wolf SOC-as-a-Service?

Our cybersecurity experts are ready to help.

Disclaimer: The data presented by this DIY SOC Calculator (“Calculator”) provides estimates for informational purposes only and is provided “as is” without warranty or representations of any kind, express or implied by Arctic Wolf Networks, Inc. (“Arctic Wolf”) or its suppliers or licensors. Any data based on this Calculator does not guarantee any particular savings or return on investment and does not generate a price quote (since the pricing and licensing policies for both Arctic Wolf and other vendors can and do periodically change). Arctic Wolf shall not be responsible for any damages arising out of the use of, or otherwise related to, any information or data related to this Tool. You hereby release Arctic Wolf and its affiliates from any and all liability arising from or related to this Calculator. This Calculator does not amend any existing or future Agreement that governs a subscription to or resale of Arctic Wolf services. The laws of the state of Delaware shall apply to this Disclaimer.