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Business security used to be simple: Lock up everything valuable at the end of the day. Now it's a 24/7 proposition because every enterprise network and its applications, hardware, and endpoints are vulnerable to security intrusions.
In smaller companies, the information technology (IT) department oversees network security. As your business grows, though, your data security needs may increase until you require a dedicated security operations center (SOC).
We'll go over SOC basics, benefits, and the steps to setting one up so you can decide if a SOC solution is right for your business.
The SOC is a specialized IT department that monitors, detects, investigates, and responds to multiple types of cyber threats to protect enterprise networks, hardware, software, websites, and endpoints from security intrusions.
The SOC continually scans the network for threats, weaknesses, and deficiencies to mitigate before they turn into critical issues or incidents.
SOC cyber security operations incorporate tools and processes such as security information and event management systems (SIEMs), breach and instruction detection, firewalls, and probes.
SOC monitoring and investigation activities focus on daily operational security and are less concerned with designing or developing security strategies and architecture. Information Technology Infrastructure Library (ITIL) problem management protocols also help support SOC activities.
Companies that don’t want the expense of setting up their own SOC can use a third-party security operations center as a service (SOCaaS) provider.
The SOC is similar to the network operations center (NOC), but they do have key differences.
While the SOC's mission is to protect enterprise networks, systems, and data from security threats, the NOC is responsible for overall network availability, maintenance, and performance related to service-level agreements (SLAs) and user service requests.
Approximately 80% of organizations with a SOC also have a NOC. Due to their overlapping functions to ensure IT system integrity -- call centers, incident response teams, and network monitoring -- one option to increase efficiency is to merge them into an integrated operations center (IOC).
Every business with an enterprise network and related assets needs IT risk management. The SOC enhances this effort with its dedicated team to identify, prevent, and mitigate security threats. Beyond increased security, a SOC creates additional benefits.
The financial benefits due to less downtime can be dramatic: 80% of small businesses have experienced downtime with costs ranging from $82,200 to $256,000 per event. The SOC further lowers expenses because a unified security team results in less overlap in job duties.
The SOC also helps you avoid fines and other penalties due to violations of the Payment Card Industry Data Security Standard (PCI DSS), Health Insurance Portability and Accountability Act (HIPAA), and other data security regulations.
IT security functions are often spread between different workgroups and locations, but the SOC brings them together in a single team. This improved collaboration leverages their shared knowledge and experience to optimize results.
The SOC also serves as a single point of contact to coordinate security activities and disseminate key information and policies.
Customers and employees demand their information remain secure once they give it to you. A SOC demonstrates to stakeholders you are serious about data protection. Don't keep your SOC a secret: Make it an integral part of your internal and external marketing materials.
The SOC setup process is complex and requires a significant initial investment, so make sure you're ready for this undertaking. Follow the steps below to create a SOC with the right mix of people, procedures, and technology.
Focus your SOC project and control costs with careful upfront planning that addresses these two elements:
Creep is the enemy of every project and setting up a SOC is resource intensive, so identifying your desired outcomes and current assets will contribute to an effective project plan.
Identify an initial set of business-critical use cases to define the SOC's scope.
These essential SOC definitions include:
SOCs can perform a wide range of high-level processes, but focus first on core functionality -- monitoring, detection, incident management, and recovery -- to simplify the setup process. Once those are implemented and running well, think about adding additional features such as vulnerability management.
The SOC's strength comes from its narrow focus on security threats. While you may have current staff who can perform some SOC duties, invest in outside talent when necessary to create the best team.
Essential SOC personnel include:
A co-managed SOC, which combines internal employees with independent contractors, can reduce personnel overhead.
The SOC requires specialized applications besides SIEM and IT management software.
These software tools include:
It’s not wise to cut budget corners when equipping the SOC. Your team requires a robust set of tools to achieve the multiple benefits a SOC can generate.
SOC metrics for overall performance and individual team members are essential to achieve maximum efficiency and effectiveness.
Common SOC metrics include:
These metrics also help identify technology or skill gaps to address.
Securing company data and customer information is critical for every business. When you're ready to take that protection to the next level, a SOC provides 24/7 security for your enterprise network and related assets.
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