In this digitized world, everything is connected and exposed at the same time. This exposure has become a major challenge to modern businesses as their huge sensitive data is prone to risk from cyber-attacks. Even a minor crack in the organization’s operations can let the cyber attackers in, which results in a major irrecoverable loss. However, fortunately, the Security Operations Center (SOC) has come to the rescue.
SOC is an important component in the organization as the SOC detects, analyzes, responds and protects the organization from cyberattacks using high-end technology. It protects business data, communication channels and the company’s websites so that both the resources and reputation of the organization are in safe hands. But, setting up an in-house SOC is not that easy. Although in-house SOC provides complete control and customized solutions for security issues, it is expensive. Hence, most businesses are inclining towards outsourcing their security operations to MSSPs (Managed Security Service Providers). The MSSPs handle all kinds of security operations of an organization in the cloud.
So, if you either suspect that your organization, irrespective of size needs a security team or already decided to hire a team or outsource, then this article is for you. Read the advantages and disadvantages of outsourced SOC, so that you can make a good final decision that benefits your company in the bottom line.
Outsourcing Security Operations Center (SOC)
Modern organizations always have two choices in most areas of the business. Be it customer support, technical support, manufacturing etc., you can either create an in-house team or outsource the operations to a third party. The same goes here too. Organizations can either get an in-house SOC or outsource the security operations to an MSSP. But the decision here is crucial because SOC deals with critical data of the company, clients, and customers. So, whether you get an in-house team or outsource to an MSSP, you should do it based on the company’s unique circumstances. However, as there are many benefits in outsourcing security operations to third parties, here are a few important pros and cons.
One of the major advantages of outsourcing your security operations to an MSSP is round the clock proactive security monitoring. Cybercriminals do not always work 9 to 5. There are high possible chances for cyberattacks to happen during non-working hours. So, your organization and complete business processes need to be monitored 24/7 to keep your business protected. Outsourced SOC promises 24/7 security. They can even counteract any potential threat using advanced technologies and keep businesses safe. You need to do some research and find a reliable MSSP such as ClearNetwork which always stays awake to protect your business, its resources and reputation.
As an in-house SOC cannot monitor and prompt defensive measurements 24/7, an outsourced SOC is a smart option.
Immediate Access to Expert’s Skills
Choosing a third party SOC will enable you to access the expert skills immediately. Your MSSP will take care of your business security and protection using their research database and tools. They will monitor and find security gaps, potential threats existing in your business and respond to them immediately. But when it comes to in-house security teams, you will have to invest a lot of time and money to train the team and get the tools.
Flexible & Scalable
Having said that, implementing an in-house SOC is costly and time taking, it is also hard. Because modern businesses must include a complex IT infrastructure and cybersecurity team to defend or restrict any attacks. Moreover, as the nature of work is rapidly changing and more people are adopting to working from home, protecting devices connected to different networks has become a daunting task. But this is not the case if you have an outsourced SOC by your side.
Things become easy when you outsource your security operations to an MSSP. The MSSPs enable both flexibility and scalability so you can easily implement as well as expand to any level. This, in turn, results in a greater ROI as you don’t have to bear heavy costs to get extra hardware or software for expanding and implementing SOC.
Faster Threat Detection
A SOC’s team should be so fast and intelligent in detecting and counteracting cyber threats. An outsourced SOC constantly monitors business operations to detect and defend the potential threats using threat intelligence technologies. As the MSSPs are already in the market for years and have experience in handling different attacks and malicious codes, they protect your business with ease and let you have a good night’s sleep. Moreover, they have good infrastructure, updated databases and tools to protect your company from the latest cyber threats.
Reduced Overall Costs
Implementing an in-house SOC is highly expensive as you will have to hire highly skilled professionals, and regularly update your software, tools and other infrastructure. But when you go for outsourced SOC, you need not bear such expenses. You can easily include the MSSP bill in your operating costs.
In industries that deal with a lot of information, security policies and plans change regularly. Your organization should also change accordingly and be in line with such security plans which is not that easy. So as you keep updated with them your organization needs an MSSP that is an expert in compliance and risk management.
Limited Knowledge of Business
Although you get access to an expert cybersecurity team when you outsource operations to an MSSP, they are after all an external team. The external SOC usually will have a little knowledge of your business which sometimes may not result in 100% protection.
However, if you choose the right MSSP, you won’t possibly experience any surprising threats.
External Storage of Data
As stated, the MSSPs store the business data in the cloud, outside of your business network and system. This might sometimes possess risks of data leakage if proper measures aren’t taken by your Managed Security Service Provider.
As an outsourced SOC is an external team that doesn’t have complete knowledge of your business, it might not always deliver customized solutions to protect your business. Due to limited customization, there may arise issues such as reduced efficiency, protection of networks, websites and channels.
When you choose the wrong MSSP, there can even be compatibility issues.
As you can see the pros and cons of outsourcing SOC to a third party, there are both major and minor issues concerned with both of them. Moreover, although outsourced SOC is a better option for most companies especially, small and medium enterprises, the final decision should definitely rely on their unique conditions. So, write down what are your specific concerns about your business first and choose accordingly.