Understanding SOC as a Service (SOCaaS)

Evelyn

Understanding SOC as a Service (SOCaaS)

In the complex landscape of today’s digital world, businesses of all sizes face significant challenges in maintaining robust security measures. The consistently evolving cyber threats have increased the necessity of digital fortification, not just in terms of physical IT resources, but also of advanced cybersecurity personnel and technologies. This is where SOC as a Service (SOCaaS) enters the equation, a cloud-based security model that allows businesses to outsource the operation and management of a Security Operations Center to an adequately equipped and experienced third-party provider.

This article aims to simplify SOCaaS, making it easier for businesses to make informed decisions about security operations. By understanding what SOCaaS is, its benefits and challenges, and its suitability for different types of organizations, you will be better equipped to evaluate whether SOCaaS is an appropriate solution for your business.

What is SOC as a Service (SOCaaS)?

A concept derived from security operations (SecOps), SOC as a Service, often abbreviated as SOCaaS, is a subscription or cloud-based subscription model service provided by an external service provider. In this model, the provider operates and manages a fully-managed Security Operations Center (SOC) in the cloud.

One can think of SOCaaS as an ideal fusion of detection and remediation services, which are often clubbed under Managed Detection and Response (MDR), and managed security service providers (MSSPs), combining both functionalities. This includes, but is not limited to, network monitoring, threat prevention and detection, incident response teams for faster response times, and even certain forensic functions.

In other words, SOCaaS offers many of the same features and services as an in-house SOC, but rather than bearing the burden of establishing, operating, and maintaining this infrastructure internally, businesses can delegate this responsibility to a third-party expert.

There are several reasons why a business might opt for a SOCaaS model:

  • Faster response capabilities – With the ability to generate alerts based on detected anomalies and swiftly respond to these alerts, SOCaaS can significantly shorten response times, minimizing potential impact and damage caused by threats.
  • Lower breach risk and cost – By taking advantage of the best-in-class next-gen antivirus, endpoint detection, and response (EDR) solutions, SOCaaS helps stop threats and prevent breaches, ensuring security coverage throughout the operation. Simultaneously, compared to setting up an on-premises or in-house SOC, outsourcing is often more cost-effective, saving companies the expenses associated with recruiting, training, and retaining a team of hyper-specialized security experts.
  • Scale and flexibility – SOCaaS provides scalability and flexibility to adapt to changing security needs. This is particularly beneficial for micro and small businesses, which may lack the resources to handle fluctuating security demands on their own. For these businesses, SOCaaS is a better option.
  • Enhanced maturity and expertise – SOCaaS vendors usually have extensive cyber security skills and are equipped with state-of-the-art technology stacks. Partnering with them grants businesses access to this expertise, enhancing their overall security maturity.

Of course, to decide whether SOCaaS is right for your business, you must also consider the challenges associated with this model. It is not just about weighing the benefits but also understanding whether your business is ready to face any potential hurdles related to SOCaaS implementation and use. These potential challenges will be explored in the sections following.

Benefits and Challenges of SOCaaS

As with any technology, SOCaaS comes with its own advantages and considerations. Let’s first delve into the range of benefits of SOCaaS that can bring to an organization.

Benefits of SOCaaS

  1. Comprehensive Security Service: SOCaaS usually includes threat detection, threat prevention, endpoint protection, incident response, and proactive security posture. It provides an all-inclusive security package integrating various security functions.
  2. 24/7 Support: Cyber threats do not just occur during business hours. SOCaaS offers around-the-clock monitoring, ensuring continuous protection from various cyber threats including phishing, malware, ransomware, and more.
  3. Cost-effectiveness: SOCaaS reduces monitoring costs. Instead of investing heavily in creating an internal SOC, organizations can leverage a managed service to get the best of the security world at a reduced cost.
  4. Scalability: SOCaaS allows for easy scaling of security operations (SecOps) in line with enterprise growth. Adaptability is crucial for shortening response times to cyber threats.
  5. Expertise: SOCaaS providers have deep knowledge of handling various cyber threats. They bring in a pool of expertise to protect the business from evolving threats that internal IT teams might not know.

Challenges of SOCaaS

Despite all its merits, SOCaaS is not without its challenges. Here are some common obstacles organizations may face:

  1. Onboarding: Transitioning to SOCaaS may bring logistical challenges, especially in the onboarding phase. Sharing critical data and complying with data protection regulations might pose a challenge.
  2. Limited Customization Options: Certain functions of SOCaaS may not align perfectly with an organization’s internal security protocols, leading to restricted customization options.
  3. Data Storage: Trusting a third-party vendor with sensitive data can be daunting for organizations. Because the data will be stored outside of business boundaries, data breaches and losses might occur.
  4. Cost of Log Delivery: Shipping logs off-premise to a SOCaaS provider can be expensive especially for large organizations that generate significant data volume.
  5. Regulatory and Compliance Considerations: Delegating security responsibilities raises compliance questions. It’s vital that the SOCaaS provider adheres to industry regulations.

Is SOCaaS the Right Option?

The decision to adopt SOCaaS should be carefully considered within a cybersecurity strategy. Organizations should evaluate their specific requirements, goals, skilled resources, and monitoring costs.

Considerations to consider include:

  • The type and extent of threats your organization faces.
  • Existing and projected financial and personnel resources.
  • The level of control you want to maintain over your data and security processes.
  • Your organization’s regulatory constraints.
  • The ability to conduct penetration testing or request a trial period to evaluate a SOCaaS provider.

Often, organizations with no dedicated IT security team, limited knowledge of the organization’s business and commercial sensitivities, or faced with a significant number of advanced attacks might need SOCaaS. Pre-existing in-house SOC with less mature processes and minor cyber security skills can look at SOCaaS as a way to enhance security capabilities without significant capital expenditure.

Additionally, outsourcing SOC can free internal IT teams to concentrate on strategic security initiatives, rather than operational security issues. This results in resource optimization.

SOC as a Service (SOCaaS) is an attractive proposition for both large enterprises and small-medium enterprises (SMEs). By leveraging a cloud-based model, organizations can benefit from enhanced visibility over their security estate, faster threat detection, and reduced response times to security incidents.

Nevertheless, the journey towards SOCaaS adoption requires organizations to be mindful of the challenges and make well-informed decisions. With rigorous vendor evaluation and continuous oversight, SOCaaS can become a valuable option to strengthen cybersecurity posture. This will lessen the burden on internal teams, and better focus security personnel on issues that require their attention.