Imagine a ransomware attack halting your business for weeks, costing you thousands of dollars per day. With cybercrime losses set to hit $10.5 trillion annually, the stakes have never been higher. Businesses are fighting a battle on two fronts: increasingly sophisticated cyber threats and tightening budgets. The solution? Outsourcing your SOC (security operations center) to a managed service provider or consulting with a team of IT professionals like ATC to help you find the right partner for managed detection and response.
What Is Managed Detection and Response (MDR)?
Managed detection and response (MDR) is a cybersecurity service that provides organizations with 24/7 monitoring, threat detection, and incident response capabilities. Unlike traditional security solutions that simply generate alerts, MDR actively identifies, investigates, and responds to threats across an organization’s entire attack surface.
Why Many Businesses Are Turning to Outsourcing for MDR
With cybersecurity threats like sophisticated ransomware and zero-day attacks requiring 24/7 data monitoring and real-time responses, outsourcing your SOC is crucial to the safety and sustainment of everyday operations.
Building and maintaining an in-house SOC can be a monumental challenge. The first-year costs alone can exceed $800,000 for a 100-employee organization, and the ongoing expenses of recruiting and retaining talent only add to the burden. This cybersecurity skills gap leaves many businesses overstretched and underprotected.
Operational disruptions cost an average of $5,600 per minute. Adding to the pressure, organizations must also navigate strict compliance requirements, meet cyber insurance mandates, and safeguard against third-party risks. These costs, coupled with potential legal penalties and reputational damage, make the case for outsourcing your SOC even more compelling.
MDR combines advanced technology like machine learning and behavioral analytics with human expertise, ensuring rapid containment and mitigation of cyber threats. By outsourcing your SOC, you receive comprehensive protection while alleviating any operational burden on your internal IT staff.
What Are the Benefits of Outsourcing Your SOC?
- Comprehensive threat coverage: A team of IT professionals will use MDR to enable multi-signal threat detection across your entire attack surface, including endpoints, networks, logs and cloud environments. Proactive threat hunting ensures potential breaches are identified and mitigated before they escalate.
- Cost savings: For less than the cost of hiring a single in-house IT or cybersecurity professional, outsourcing your SOC provides access to an entire team of technology experts equipped with state-of-the-art tools and innovative knowledge.
- Increased ROI: By outsourcing your SOC, you can minimize risks such as downtime, legal complications and reputational damage, ensuring maximum return on investment.
- Enhanced productivity: Internal IT teams often face “alert fatigue,” drowning in notifications that distract them from strategic initiatives. A team of IT professionals will work around the clock to manage threat detection and respond quickly to contain them, freeing your team to focus on growing the business.
Key Considerations When Outsourcing
To fully realize the benefits of outsourcing your SOC, it’s crucial to select the right third-party provider to partner with for MDR. Here are some factors to evaluate:
- Proactive capabilities: Choose a partner that goes beyond simple alerting to actively investigating and remediating threats.
- Integration and flexibility: Ensure the provider can seamlessly integrate with your existing tools and adapt to your unique environment.
- Performance metrics: Look for measurable outcomes such as reduced dwell times, faster containment, and comprehensive visibility across your attack surface.
Thinking of Outsourcing Your SOC? Ask ATC!
Outsourcing your SOC isn’t just a cost-saving measure; it’s a strategic investment in your business’s resilience. By partnering with ATC, you gain access to elite cybersecurity expertise and a portfolio of all the leading MDR providers.
Don’t wait for a cyber incident to disrupt your business. Contact us today and secure your future by exploring the benefits of an outsourced security operations center.
