Despite the advancement of existing cybersecurity measures, criminal cyberattacks are still on the rise. In fact, the 2021 World Economic Forum report found that many of these measures are being rendered obsolete by the increasingly complex tactics and technologies employed by cybercriminals. Staggeringly, reports reveal that it takes an average of 287 days for security teams to identify and contain a data breach.
A single attack of any kind costs companies of all sizes an average of $200,000, and many targeted companies go out of business within six months of the attack. Protecting against increasingly sophisticated criminal attacks requires more than a firewall or an antivirus – it needs an around-the-clock team dedicated to safeguarding your data, finances, and employees.
When considering the cybersecurity your company needs, it can be hard to keep up with ever-evolving threats, despite knowing you need to take action. If you’re not sure where to begin, you’re not alone: 70% of IT professionals say their company can’t respond appropriately to a cyber threat.
A Security Operations Center (SOC) centralizes industry information and technological skills to protect organizations from attacks. Informed by high-level expertise, it is designed to respond proactively and reactively to today’s threat landscape. Below, we’ll explore why the SOC is a crucial component of the contemporary cybersecurity environment – and vital to the preservation of your business.
A SOC is a team of security experts dedicated to maintaining and improving an organization’s security posture. The SOC team is focused on anticipating attacks, monitoring threats, and implementing rapid responses to security breaches by employing the power of three key forces: innovative technologies, strong processes, and human intellectual agility.
In general, the SOC is responsible for:
Essentially, the SOC is responsible for developing and maintaining a company’s cybersecurity strategy and functions as a centralized hub, coordinating efforts to build, manage, and improve your security posture.
In cybersecurity, experts are often split into teams to comprehensively test and improve a company’s defenses. These are referred to as the red team, which is offensive, and the blue team, which is defensive.
The red team is responsible for projects such as performing a security audit of a web page to find vulnerabilities, as well as carrying out exercises to exploit those vulnerabilities and gain access to your organization’s internal infrastructure.
The blue team’s responsibilities include monitoring the alert system to detect any security breach, responding to such alerts and incidents with appropriate actions, and maintaining a high level of threat intelligence. This team utilizes its combined experience and expertise to maintain a sophisticated understanding of the current threat landscape. The blue team is also responsible for forensics, which entails collecting and analyzing evidence and digging deep into computer systems in search of criminality.
The SOC is part of the blue team, meaning its responsibility lies in responding to attacks, managing threats, and monitoring the client’s infrastructure. The purpose of the SOC is to preserve your business’s security posture and improve it by continually learning from its surroundings.
Let’s take an example of an e-commerce business heavily dependent on its customer-facing website to process sales. It’s first thing in the morning, and you fire up your laptop only to realize that your company’s server is down. You’ve been attacked. A hacker has encrypted your data and is demanding money from you to restore it: this is a ransomware attack. Today, businesses suffer ransomware attacks every 40 seconds, netting criminals one billion dollars a year.
You need your server to manage your entire online business; every minute it’s down, it’s losing you money. You have an anti-virus, but no one has been actively monitoring it, so you and your team have missed the generated alerts. It might take days to recover from the attack, and you may have to restore from months-old backups, meaning that the work you’ve done in the interim will be lost.
In these types of scenarios, here are some of the ways Ackcent’s Security Operations Center may respond to an attack:
Apart from providing critical support and responding to attacks, a SOC works round the clock to identify and avoid potential threats. For organizations that leverage Ackcent’s SOC, a sophisticated alert system would have flagged the attempt much quicker and immediately taken the appropriate action to prevent the crisis from forming.
Don’t worry; even if you aren’t already partnered with Ackcent, you could still contact us immediately to begin a preliminary investigation into an incident like this. The quicker you respond to any threat, the less impact it’s likely to have.
Organizations enjoy numerous benefits from working with a Security Operations Center like Ackcent’s, such as:
A Security Operations Center is responsive, comprehensive, and continually vigilant. Many companies don’t have the time or the resources to devote to continually maintaining their security systems. Even the most devoted internal security teams can feel that they’re always playing catch-up instead of staying one step ahead.
Ackcent’s SOC employs industry insights, continuous employee availability, and a comprehensive range of software to form a responsive protective shield around your operation. Get in touch today to find out more about how we can help you and your organization find cybersecurity peace of mind.
Learn more about how our MDR services help your organization detect and respond to cybersecurity threats.
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