Top 5 SOC As A Service Benefits

Modern enterprises need a security operations centre (SOC) that can provide state-of-the-art cyber security, around-the-clock protection, and expertise from professionals with decades of industry experience.

Unfortunately, whilst this is a necessity for enterprises, the reality is often a lot different. To create a SOC that fulfils all of these requirements, organisations can expect to pay several million pounds initially, followed by over a million pounds a year to maintain their SOC.

Naturally, this leads to corners being cut and enterprises operating with SOCs that aren’t fit for purpose in both functionality and capability. A poorly-equipped SOC increases the risk of a cyber-attack affecting an organisation and dramatically reduces the overall effectiveness and efficiency of its cyber security.

For these reasons and more, many enterprises are turning to SOC as a service providers, like Wizard Cyber. We provide an entirely managed service for organisations of any size, taking over all of their SOC processes and giving them access to our meticulously built, global, 24x7x365 SOC.

Whilst it might be difficult to give up some control over your SOC infrastructure, there are many benefits to adopting a SOC as a service approach. Keep reading for our top 5 benefits of letting Wizard Cyber manage your SOC requirements.

One of the main SOC as a service benefits is a huge reduction in an organisation’s cyber security overheads. This is apparent in a variety of ways:

• Reduced staff expenditure. By allowing Wizard Cyber to manage your SOC requirements and processes for you, your organisation doesn’t need to employ an extensive SOC team, including analysts, threat investigators, researchers, and more. One of the largest sources of staff expenditure is achieving 24x7x365 coverage, which Wizard Cyber also handle for you.
• No need to maintain your SOC. Your organisation also won’t need to pay for SOC maintenance, including technology upgrades, upkeep of the physical space, HR costs, and more.
• No SOC creation costs. Creating a SOC and getting it up and running is exorbitantly expensive. You have to pay for all of the technology, the hiring processes, training, leasing of space, and much more. All of this gets taken out of your hands when Wizard Cyber manages it for you.

These are just a few examples of how running your own SOC is incredibly expensive, both initially and long into the future. By allowing Wizard Cyber to manage your SOC, you reduce these expenses dramatically and distil the costs into one, simple monthly bill.

Hiring and retaining cyber security experts is almost prohibitively expensive. To run a SOC, you need a considerable team of analysts, threat investigators, and managers to ensure it runs smoothly, which can cost millions of pounds a year.

By adopting a SOC as a service approach, you can remove this barrier. Wizard Cyber has spent over a decade meticulously building our SOC team across multiple locations and can provide this expertise to you as part of our service cost-effectively.

This dramatically increases your level of protection and also ensures that you are kept aware of any emerging cyber threats.

As we mentioned previously, achieving true 24x7x365 coverage is incredibly expensive to do in-house. Having a skilled SOC team in front of a keyboard at all times of day adds a huge expense to operating a SOC, so it’s almost always more cost-effective to adopt a SOC as a service approach.

At Wizard Cyber, we utilise a multi-location approach to our SOC. With SOCs located around the world, we are able to easily provide 24x7x365 coverage to all of our customers, without having to charge them exorbitant fees to do so.

This also allows us to offer much more flexibility to our customers and ensures that your organisation is protected by cyber security experts at all hours of the day, no matter where you are located.

An area in which a lot of in-house security and SOC teams struggle is managing all of the alerts generated by their SIEM. Your team has to be numerous to handle these alerts swiftly. If you’re lacking team depth, alert response time can become very long, dramatically increasing the likelihood that a cyber threat will affect your infrastructure.

One of the key SOC as a service benefits is the ability to relieve the pressure on your in-house team. Taking time-consuming SOC processes off their plate allows them to focus on other projects and provide more ROI to your business than they could before.

The main SOC as a service benefit is the improved efficiency and effectiveness it brings to your organisation’s cyber security processes and infrastructure. All of the benefits combine to create a SOC service that is cost-effective, provides industry-leading protection, and protects your business at any time of day and any day of the year.

Are you interested in utilising a SOC as a service approach for your business? Have you considered the benefits it could provide? Are you looking to save money on your SOC infrastructure whilst also improving its effectiveness? Get in touch with Wizard Cyber today. Our team of cyber security experts will be happy to talk you through our managed SOC service and answer any questions you might have.