Your Security Operations Center: In-House or Outsource?

According to one report, the leading cybersecurity risks in 2022 included the rise of malware and ransomware attacks, the continued threat of zero-day attacks, and remote code execution exploits.[1] Whether you realize it or not, your organization is under siege from a growing number of cyber criminals. The FBI reported that cybercrime cost U.S. businesses $6.9 billion in 2021.[2] The question is no longer whether you are at risk, but instead what are you doing to mitigate that risk?

To meet these growing threats many organizations are establishing Security Operations Centers (SOC). Your SOC is a centralized point responsible for monitoring, alerting, and mitigating the impact of cyberattacks. Setting up an SOC can provide several important benefits:

• Security expertise
• Continuous threat monitoring, prevention, and protection
• Rapid response and mitigation
• Reduced costs caused by breaches
• Improved communication and collaboration
• Enhance regulatory compliance

Once you make the decision to establish your SOC, the next question is whether to set it up using internal resources or to outsource the capability to a technology partner. There are pros and cons to each choice.

Internal SOC Benefits

• Customized to meet your specific needs
• Event log data stays internal, eliminating risks of transferring sensitive data externally
• Streamlined communication
• Forms a solid base for a comprehensive security posture

Internal SOC Challenges

• Time, resources, and expense to implement an in-house solution
• Finding personnel with the necessary security expertise
• Acquiring the appropriate security tools

Outsourcing SOC Benefits

• Expert personnel trained in the latest security trends
• Existing infrastructure
• Filtering capability that weeds out false alerts, so you only deal with real threats
• Ability to provide detailed security analysis

Outsourcing Concerns

• May not provide the full level of service you require
• May be a cookie-cutter approach that may not be a fit for your organization
• May not be able to fully analyze threats you face
• Having your incident logs stored at a third party can pose security risks

The Neway SOC-as-a-Service Solution

Neway provides the “best-of-both worlds” to help you meet these challenges with a SOC-as-a Service solution – an efficient and cost-effective way to protect your business. Leveraging the latest in Microsoft technology, we offer you an advanced, unified, fully cloud-based SOC to ensure you have the cyber protection you need.

An important difference with the Neway SOC-as-a-Service is that your event logs stay resident within your own environment. We configure the SIEM system inside of your system and provide the operation on top of it so your data remains completely secure in-house.

When it comes to dealing with cyberthreats, response time is critical. The Neway SOC solution doesn’t just provide you with alerts, but instead addresses and mitigates threats as they happen. As a result, response time is dramatically reduced.

Our years of expertise and 24x7x365 monitoring ensures you have comprehensive alert management from detection to resolution tailored to meet the specific needs of your organization.

For more information on how our SOC-as-a-Service can provide you with the latest in cybersecurity, contact Neway today.

[1] Leading cyber risks & trends in 2022, Security Magazine, December 8, 2022.

[2] Cybercrime Cost U.S. $6.9 Billion in 2021, by Chris Brook, Digital Guardian, September 2, 2022.