What is soc service? Multiple factors influence a company’s ability to operate an effective and mature SOC in-house. The talent shortage in cybersecurity makes it difficult and costly to attract and retain qualified personnel. Moreover, effective cybersecurity necessitates the investment in a variety of security solutions designed to address and mitigate a vast array of potential threats.
All You need to know about SOC Service
Offerings for SOC-as-a-Service enable organisations to outsource their security responsibilities to a third-party provider. Instead of manning a full-service SOC in-house, the SOC-as-a-Service provider is responsible for the round-the-clock monitoring and defence of the network required to protect against modern cyber threats.
SOC as a service providers
MSSP was conceived by an Internet service provider (Internet Service Provider).
Previously, Internet Service Providers provided firewall protection for this type of security (ISP). In addition, customers were charged dial-up connection fees. This firewall protection was installed separately on the client’s machine, which was referred to as Customer Premises Equipment (CPE).
Hiring company employees to manage these security functions can be a costly option. Therefore, outsourcing security services is a cost-effective alternative. Historically, these providers only served large-scale industries and businesses.
Managed Security Services Consist of:
- Monitoring for threats 24×7
- firewall management
- patch management,
- Security audits and
- incident response
Leading Managed Security Service Providers
Below is a list of the leading providers of these services.
- SecurityHQ
- Cipher
- SecureWorks
- IBM
- Eventus
- Verizon
- Symantec
- Trustwave
- Wipro
- BAE Systems
- TSC Advantage
- CenturyLink
soc as a service msp
MSP stands for Managed Service Provider. Everyone who uses the internet is vulnerable to attack. The attack can be of any variety, including malware, hacking, spam emails, DDoS attacks, etc.
When such attacks occur on your website, they will have a significant impact on your business. In order to prevent this, the network security services that a company outsources to a service provider are referred to as Managed security services (MSS) or Managed Security Service Providers (MSSP).
What is soc team
The security operations centre (SOC) is responsible for continuously monitoring, preventing, detecting, investigating, and responding to cyber threats. SOC teams are responsible for monitoring and protecting the organization’s assets, such as intellectual property, personnel data, business systems, and brand reputation. The SOC team implements the organization’s overall cybersecurity strategy and serves as the coordinating hub for efforts to monitor, assess, and defend against cyberattacks.
How soc works
Although the size of SOC teams varies based on the size of the organisation and the industry, the roles and responsibilities of the majority of SOC teams are comparable. A SOC is a centralised function within an organisation that employs people, processes, and technology to continuously monitor and improve the security posture of the organisation, as well as to prevent, detect, analyse, and respond to cybersecurity incidents.
Prevention and detection: During the investigation phase, the SOC analyst analyses suspicious activity to determine the nature of a threat and its level of infrastructure penetration. The security analyst views the organization’s network and operations from the perspective of a potential attacker, searching for key indicators and vulnerable areas prior to their exploitation.
The analyst identifies and triages the various types of security incidents by understanding how attacks unfold and how to respond effectively before the situation escalates. The SOC analyst performs an effective triage by combining information about the organization’s network with the most recent global threat intelligence, which includes specifics on attacker tools, techniques, and trends.
Investigation: After conducting an investigation, the SOC team coordinates a response to resolve the problem. As soon as an incident is confirmed, the SOC acts as the initial responder by isolating endpoints, terminating malicious processes, preventing them from executing, deleting files, and more.
Following an incident, the SOC works to restore systems and recover any compromised or lost data. This may involve wiping and restarting endpoints, reconfiguring systems, or deploying viable backups to circumvent ransomware attacks. Successfully completing this step will restore the network to its pre-incident state.
what is soc engineer
The SOC Engineer analyses and responds to security threats posed by various security platforms and technologies by utilising their technical expertise in a variety of security technologies.
Roles and Responsibilities of SOC engineer
Responsible for initial client issue triage. Resolve client configuration and support-based MSS issues and alerts.
Analyze and react to security threats posed by multiple security platforms and technologies.
Support, troubleshoot, configure, manage, and upgrade a wide range of security products, including FW, NIDPS, UTM, VPN, WAF, and many others.
Strong TCP/IP networking skills are required for network troubleshooting to isolate and diagnose common network issues.
Respond via phone and other electronic channels to requests for technical assistance with managed devices.
Respond promptly (within the SLA) to requests for configuration, maintenance, incident management, and other services.
Document actions in the ticketing system in order to effectively communicate with internal stakeholders and customers.
Respond to the needs and inquiries of customers regarding their managed device’s access to network resources
Follow MSS policies, procedures, and security best practises.
Independently resolve problems and comprehend escalation procedures.
May be dispatched to customer sites to assist and/or facilitate the repair or installation of products supported.
Perform additional tasks as assigned.
soc as service market
The global market size for SOC as a Service is projected to increase from an estimated USD 6.1 billion in 2022 to USD 10.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.5% from 2022 to 2027. The lack of qualified cybersecurity professionals in businesses is anticipated to impede market expansion. However, cumbersome administration following threat detection is a significant factor driving market growth. In addition, the proliferation of trends such as BYOD, CYOD, and WFH led to an exponential increase in security breaches and cyberattack sophistication.
The 2020 pandemic of COVID-19 is increasing enterprise demand for security services to combat diverse cyber threats and attacks. During a pandemic, there is an increase in the digital transformation of Banking, Financial Services, and Insurance (BFSI), healthcare, government, IT, and IteS. Adoption of the remote work trend led to an increase in web and cloud traffic, and it is for this reason that managed security services are thriving in every industry.
You can learn more on Cyber Security by visiting Wikipedia page.