From business operations to data storage, the world has moved online. Hackers have quickly followed suit and are becoming more sophisticated, organized, and prolific. Recent studies have found that 54% of organizations have experienced an endpoint attack, and over 60% of attacks now use fileless hacking techniques, leaving companies dangerously exposed to data breaches and in dire need of security services. This uptick in demand is causing a massive global shortfall in cybersecurity talent, with an estimated gap of 1.5 million roles by the end of 2019 and 3.5 million unfilled positions by 2021.
Naturally, many companies are turning to managed service providers (MSPs) to help address the gap. Yet the sheer demand for cybersecurity services is outstripping supply and many MSPs are struggling to find the resources and investment needed to scale their security services to meet the growing market demand.These forces are ultimately redefining the delivery of security services in the market.
The SOC model is shifting from a traditional approach, known for its high barrier to entry with significant upfront investment costs, and high-priced training programs, to the next generation of SOC services. This new generation offers flexible pricing, speedy on-boarding, and on-demand access to high-quality, qualified talent. Although there are now various delivery models and SOC capabilities on the market, it can still be challenging for MSPs to evaluate which model is best aligned to their business needs.
Rather than building DIY or from-scratch security centers, many MSPs are turning to next-generation SOCs that operate using more flexible, service-based models to help scale and compliment existing security teams and investments, resulting in:
Whether you’re looking to completely outsource your security operations or supplement your existing offering with hard-to-find talent, there are options to suit your needs.
We’ve broken down two SOC-as-a-Service options to help you determine which solution is right for you.
A managed SOC is a service offering, which means you’ll have 24/7/365 security monitoring, as well as access to a shared team of fully trained security analysts, SOC Managers, SIEM content authors, and engineers.
This SOCaaS model also offers transparency, with access to a single view portal of all activities, processes, and tracking on KPIs, as well as a turnkey SOC platform.
Key considerations for managed SOCs:
A dedicated SOC is a service offering that allows an MSP to have access to an exclusive, dedicated network of experienced security analysts to supplement or scale their existing teams.
In this model, security experts are trained to work within your organization’s existing processes and suite of security tools. Working hours can also be fully customized based on your needs.
Key considerations for dedicated SOCs:
"One of the biggest challenges I face in growing my security business is ensuring that we have the right analyst team to scale with our customers. Bolton Secure is an integral part of our talent strategy - I have been able to build out an extension of my SOC rapidly and easily. As a result, our security business is growing faster than we originally planned."- Tom Neclerio, Vice President of Security Services at United Data Technologies
The next generation of SOC offerings deliver a range of benefits that can be tailored to best suit your business needs. Whether you’re looking for SOC-as-a-Service under a managed or dedicated model, Bolton Secure offers the right solution to support and scale your SOC operations; get in touch today.