Mitigating Cyber Threats: The Role of Cyber Security Operations Centre
Defend, Detect and Protect Your Business Against Cyber Threats with a Cyber Security Operations Centre
In an era where cyber threats are rampant and constantly evolving, businesses must prioritise cyber resilience to safeguard their operations. The stakes are high as we witness a significant rise in the incidents of data breach: The stats from Cyber Security Breaches survey 2023 show, 59% of medium size businesses and 59% of large organisations reported breaches or security attacks, resulting in significant disruption to their operation and daily business life.
While it is challenging to predict how the threat landscape will evolve, taking a proactive and thoughtful approach to cyber security enables businesses and business owners to stay one step ahead of cyber criminals.
In recent months, our team engaged with multiple organisations to discuss their current position in relation to cyber security, their strategies and areas where they require support. The outcome of these conversations is the realisation that the organisations are increasingly seeking reliable methods to prevent potential attacks, recognising that internal resources alone may not be sufficient.
As a Managed IT Service provider, IFB are delighted to work alongside our partner EXPO.e and offer an additional security element to safeguard the business operations with the adoption of a Cyber Security Operations Centre (CSOC).
To strengthen business security measures, we strongly recommend augmenting internal security expertise with the guidance of an external Cyber Security Operations Centre as it will add additional expertise with vulnerability scans and provide actionable insights derived from the latest threat intelligence, ensuring that the resulting reports offer clear directions for improvement.
Why Consider a Cyber Security Operations Centre?
Cyber Security Operations Centre (CSOC), known as a Security Operations Centre (SOC) too, should be seen as a critical layer to cover gaps that internal security teams cannot directly control or address in a timely manner.
CSOC plays a vital role in both detecting and responding to cyber attacks as its primary objective is to limit damage to an organisation's data by promptly identifying and responding to cyber threats as they unfold and minimise the loss occurred due to cybercrime. The critical infrastructure sectors, public sector, healthcare, BFSI, education system, and retail sectors remain the biggest beneficiaries of SOC services, however, based on customers’ feedback, any data-related business can take benefits from implementation of managed CSOC too.
Key Benefits of CSOC
Although the specific tasks of the CSOC may differ depending on the organisation, the CSOC typically focus on establishing rules, analysing feeds, identifying threats, remedying vulnerabilities, and monitoring for new security risks. CSOC becomes a critical layer, addressing gaps that internal security teams may struggle to control or address promptly. This is particularly beneficial in scenarios involving:
Early Detection: Identifying potential threats before they escalate.
Quick Response to Emerging Threats: CSOC enables businesses to swiftly respond to emerging threats, minimising their impact on operations as it acts proactively rather than reactively to security incidents.
Enhanced Monitoring, Detection, and Response: Real-time monitoring allows for the swift detection and response to potential cyber threats, ensuring a proactive stance against attackers.
Time Efficiency in Reporting: CSOC streamlines the reporting process, providing more time for faster resolution of security incidents.
Reduced Risk and Increased Cyber Resilience: The comprehensive services provided by CSOC contribute to reduced risk and increased resilience against cyber threats. CSOC proactively manages vulnerabilities and prevents exploitation and help the teams with the time and allocation of their resources to deal with the threaths.
Managed CSOC or Building own SOC?
Security Operations centres come in various types and shapes, each tailored to the unique needs and resources of different organisations. The type of SOC an organisation chooses to implement depends on factors such as size, budget, industry, and desired level of control over cyber security operations.
Unlike an internal Security Operations Centre or own Security IT team, Managed CSOC allows organisations to have experts methodically think through and complete tasks in a sustainable manner. Managed CSOC allows businesses to create a process for consistent and measurable actions by leveraging technologies and business context to respond and mitigate risk. This external team of experts will monitor the logs, devices, cloud environments, and network for known and evolving advanced threats.
The advantages of using this model are significant - it offers 24/7/365 monitoring without a large investment in personnel, security software, and wider infrastructure. This service not only allows for greater security protection, but it is also more cost-effective in the long run.
Conclusion: Next steps in strengthening your Cyber Security Posture
If your organisation is grappling with challenges such as a lack of resources and skills, a growing volume of security alerts, the need for continuous monitoring, or compliance with industry regulations, a CSOC could be the solution you should consider. By fortifying your cyber security posture with our security services, you can navigate the complexities of cyber security and protect your business from evolving threats faster, better, and more cost-effective.
To help you with the next steps, we are offering 2 Lunch & Learn sessions and inviting all businesses interested in CSOC or considering improvements in their cyber strategies to join us:
Aberdeen Lunch & Learn session
Date & Time: Wed, 20th March, 12-15:00
Location: IFB HQs, 54 Hareness road, AB12 3LE Aberdeen
and
Edinburgh Learn & Lunch session
Date & Time: Thu, 21st March, 10-13:00
Location: Forrit, Waverley Gate, 2-4 Waterloo Place, Edinburgh, EH1 3EG
The registration is still open: https://www.ifb.net/ifb-expoe-csoc-lunch-learn-registration
For further information, contact our Team IFB to learn more about how our services can help you strengthen your cyber defenses and protect your business from cyberattacks.