White Paper Why Outsourcing Security Operations Makes Good Business Sense
Today’s organizations operate in a complex environment characterized by continually increasing cybersecurity threats and tactics, and evolving networks that extend into the cloud. In fact, IBM saw an increase in data breaches of 68% from 2020 to 2021. In the same report, researchers put the cost of an average breach in 2021 at $4.24 million – the highest in 17 years, and found that 10% of breachers involve ransomware, which is double the 2020 figure.
As a result, organizations are finding it more challenging to efficiently and consistently protect their digital perimeters and mitigate risk. The problem is compounded by the fact that the cybersecurity industry has been facing a talent shortage that makes it difficult to address the challenges at hand. According to ISC2, there are 2.7 million unfilled cybersecurity positions globally, while Cybersecurity Ventures reports a 350% increase in cybersecurity jobs from 2013 to 2021. This problem isn’t going away any time soon, and organizations can’t afford to leave their security on the shoulders of someone who isn’t qualified (or just ignore it altogether).
That’s why outsourcing has become a popular option for organizations looking to augment their security teams without incurring a massive capital expense. This is especially true for organizations that lack the capabilities to run a 24x7x365 security operations center (SOC).
In this guide, you’ll learn about the costs, labor and complexities that come with operating a SOC, and how your organization can leverage SOC benefits without having to build and maintain one in-house.
- The typical salaries of tier one SOC analysts
- Training and turnover
- Increasing SOC workloads and analyst burnout
- Remote work’s effect on SOC management
- SOC return on investment (ROI)
- How outsourcing SOC services can alleviate many of the challenges in-house SOCs are facing