Many third-party vendors offer SOCaaS. When properly vetted, your organization will see many benefits from choosing a third-party provider for your security operations center. The benefits of SOCaaS include:
By outsourcing your security operations center, you don’t have to invest in the expensive hardware and software you will need to effectively combat against cyber-attacks. A third-party cybersecurity firm or SOC provider already has the digital tools. You pay to use and access those tools without paying the upfront costs. The third-party provider handles all of the functions and monitoring of the security information and event management (SIEM) tools. By contracting with a third-party provider, your company gets the benefit of an established monthly fees and outlined benefits and statistics. It will also be easier to justify the cost in the budget to upper management or your financial team.
Continual Access to Cybersecurity Experts
In addition to the tools themselves, by outsourcing your SOC to a third-party provider, you also have access to the experts who know how to use and monitor the tools. Third-party SOCs are also staffed 24/7/365 by analysts who will also stay up-to-date on all of the latest technologies, upgrading when necessary. If you were to hire your own cybersecurity experts to staff a SOC, you would have to pay top dollar because their skill set is in high demand.
Scalability and Flexibility
By utilizing SOCaaS, your company will be able to increase or decrease services as necessary. The maximum capabilities exist in the third-party, but you will only have to pay for what you use. There is a peace of mind knowing that experts are working to protect your data and networks to the level that you need when you need it.
Compliance With Regulations
A third-party SOCaaS provider will stay up to date on the wide array of cybersecurity regulations, mandatory protections and compliancy requirements, including GDPR, HIPAA, SOX and PCI DSS, to ensure your company’s compliance if needed. This level of expertise will help protect businesses from any potential legal trouble. As regulations change, SOCaaS providers will be able to augment services to ensure compliance so companies can stay focused on operating their systems rather than monitoring new regulatory demands. By ensuring this compliance requirement is in a SOCaaS contract, you will protect your company from legal repercussions stemming from compliancy issues.