Security Operations Center
4
Dec

What Is a Security Operations Center? Why Is It Important?


Data has gained fundamental importance over the years across almost every industry. There are a host of benefits of having an abundant database of customers and businesses, from helping you understand and improve your business to saving time and money. It is the key to understanding your customers and the market scenario as well. However, there is a risk surrounding this sensitive piece of information as cybercriminals are devising new and sophisticated ways to launch cyberattacks. As per researchers, a whopping 8.4 billion records of data was compromised in the first quarter of 2020 alone! [1]

Ever since organizations have adopted the remote working culture due to the COVID-19 pandemic, the number of data breaches have multiplied. To address and thwart these potential cyber threats, it is imperative to have a team of cybersecurity professionals known as the Security Operations Center.

What Is a Security Operations Center?

The Security Operations Center is an integrated unit dealing with high-quality IT security operations. The primary of a Security Operations Center are to monitor, prevent, detect, investigate, and respond to various cyber threats. SOC teams monitor and protect an organization’s assets like intellectual property, personnel data, business systems, and brand integrity. The SOC team plays an important role in organizations by defending them against incidents and intrusions — regardless of source, time, or the type of attack — through their 24/7 monitoring.

Security Operations Center: 24/7 IT Systems Monitoring

What Are the Different Roles Within a Security Operations Center?

The Security Operations Center framework encompasses both security tools and the individuals who make up the SOC team. The members of a SOC team are comprised of:

  • SOC manager: They manage the personnel and budget required for security solutions. They also coordinate with the legal department whenever required.
  • Incident responder: Whenever a security breach takes place, there is an indispensable need for an incident responder.
  • Forensic investigator: Like the responder, the investigator also intervenes when there is a security breach. Examining the evidence and determining the “what” and “why” is the role of a forensic investigator.
  • Compliance auditor: Current and future legislation essentially involves compliance mandates. An auditor keeps up with these requirements and ensures your organization meets them.
  • Security Operations Center analyst: Their role is to compile and analyze data, either from a period or after a breach.

Why Is a Security Operations Center Important for Your Business?

Recent years have seen the evolution of cyber risks, creating an unsafe environment across various industries. To handle these sophisticated threats, organizations need advanced cybersecurity solutions along with traditional methods of defense. There is a pressing need for skilled SOC analysts who can serve as front-line defenders, warning other professionals about emerging and existing cyber threats.

The incorporation of a SOC in the company’s existing framework is gaining ground across various industries around the world, including the public sector, healthcare, BFSI, education system, and retail sectors. Apart from them, businesses that are data-related are also making use of a SOC to deal with potential threats.

Why do you need a Security Operations Center for your business?

Here are some noteworthy benefits of a security operations center for your business:

  1. Asset centralization

SOC services enable you to get a real-time and complete view of the digital infrastructure of your organization. It is easy to identify potential threats through this centralized asset as the SOC can monitor it round the clock.

  1. Establishes trust

When personal data of employees and customers are safe, their trust toward your business gets enhanced. Security Operations Center provides you a high level of data security against any cyberattack. Taking proactive and effective measures to prevent data theft or breach is one of the best ways to augment your brand reputation.

  1. Better collaboration

The Security Operations Center is a team of competent professionals working towards a common goal of data security. By preventing any cybersecurity-related breaches from affecting the organization, all departments can operate efficiently and maintain synergy with each other.

  1. Maximize awareness

SOCs (Security Operation Center) can maximize awareness, thereby reducing the possibility of data loss. This results in a higher ROI while preventing data breaches. SOCs enable entrepreneurs to save big and maintain the integration of sensitive corporate data.

Every day, there are new innovations and strategies in the ever-changing technology domain. The extremely competitive business scenario brings newer challenges for entrepreneurs. In such a situation, it is of utmost importance to protect personal and sensitive information to maintain the trust of your customers. A SOC can help you in achieving this goal through its diversified models of analyzing various cyberattacks.

Demand for Security Operations Center (SOC) Analysts Continues to Rise

An increase in the usage of cloud-based solutions across SMEs is the crucial factor driving demand in the global SOC-as-a-Service. The adoption of systems like machine learning, artificial intelligence, and blockchain technologies for cyber defense has further opened new growth avenues in this market.

There is an increased demand for Security Operations Center analysts across North America, Europe, the Middle East, Africa, Asia Pacific, and Latin America. Out of these, North America holds a dominant share in this market. Various businesses have created a SOC to tackle cyber threats at an early stage. The Asia Pacific region is also becoming a major stakeholder in the growing demand for SOC-as-a-Service owing to an increasing number of start-ups.[2]

“The Security Operations Center market revenue is anticipated to be $31,796.9 million in 2019 and is estimated to reach $61,199.7 million by 2025, growing at a CAGR of 11.5% during the forecast period 2019–2025.” – Infoholic Research [3]

Despite growing demand, skilled security professionals are scarce. A cyberattack is an expensive affair. Hence, organizations prefer qualified professionals who possess job-ready skills. The best solution for this is to attain a cybersecurity certification.  However, it is a lengthy process, as it takes roughly 2 years to obtain a certification, which further increases the gap in the workforce requirement.

If you are one of those enthusiastic SOC analysts wanting to upgrade your potential and gain job-ready skills, then your search ends at EC-Council’s Certified SOC Analyst (CSA) program. The certification aims to create new career opportunities for individuals who are passionate about cybersecurity by providing extensive and precise knowledge. It also hones your capability for dynamically contributing to a SOC team. Visit the course page to learn more!

FAQs

What does a Security Operations Center do?
A Security Operations Center, commonly known as SOC, is a team of cyber security professionals whose primary responsibility is to monitor and analyse the potential cyber threats in an organization.
Why do you need a security operations center?
A Security Operations Center (SOC) is vital for every organization to identify and prevent various kinds of cyberattacks. Their main function is to speedily identify attacks and remedy them before it causes further damage.

References

  1. https://securityboulevard.com/2020/08/5-biggest-data-breaches-of-2020-so-far/
  2. https://www.transparencymarketresearch.com/soc-as-a-service-market.html
  3. https://www.infoholicresearch.com/press-release/security-operations-center-market/
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