How to stay ahead of the cyber threat and improve your return on investment (ROI) 

3 mins 11 June 2024

In today’s dynamic threat environment, businesses face formidable cyber security challenges that demand specialised expertise and constant vigilance.   

Investing in a Managed Service Security Operations Center (SOC) offers a compelling solution. With cyber-attacks continually growing in complexity and frequency, a managed SOC leverages comprehensive monitoring, detection, and response capabilities in real-time without the hassle of building, recruiting, and retaining your own capability.

Staying up to date with current cyber threats is a daunting task for any organisation and the costs and complexity of simply getting started can be daunting. You are conscious that the risks are very real and happening right now! 

FSP’s Managed SOC service, SOC72, can help you address some of these challenges straight away. We offer a SOC service that is quick and simple to consume, meaning that you get protected at pace for peace of mind, so you can focus on fine-tuning things. 

FSP will: 

  • Provide you with a ready-to-use SOC. Our core functionality can be deployed in 72 hours, which means that you can start enjoying the benefits of a SOC without any delay.  
  • Supply you with a flexible and scalable SOC based on a subscription model, avoiding the challenges of recruitment and retention. 
  • Take care of monitoring and detection and respond to cyber threats 24/7, providing clear metrics for you. 

By choosing SOC72, FSP’s Managed SOC service, you can improve your cyber security ROI and enhance your security posture with minimal fuss. 

Today’s threat landscape and challenges 

Cyber threats seem to become more sophisticated every day, exploiting new vulnerabilities and techniques to compromise systems and data.  

The volume and variety of cyber threats keeps rising: According to the government Cyber security breaches survey 2024 published in April 2024, over half of small businesses and almost 75% of large businesses have experienced cyber incidents in the last year. Cyber threats range from ransomware, phishing, botnets and crypto jacking to advanced persistent threats; each requiring different detection and mitigation strategies.  

The skills gap and resource constraints: Building and maintaining an effective cyber security team requires significant investment in training, tools, and infrastructure. Many organisations face a shortage of qualified cyber security professionals, as well as budgetary and operational limitations that prevent them from hiring and retaining enough talent.  

The complexity and diversity of IT environments: Modern IT environments are composed of various devices, platforms, applications, and networks, often distributed across multiple locations and cloud services. This creates a larger attack surface and more entry points for cyber attackers, as well as more challenges for monitoring and securing the IT environment.  

The regulatory and compliance requirements: Organisations that handle sensitive or personal data must comply with various regulations and standards, such as GDPR, HIPAA, PCI DSS, NIST, and ISO 27001. These regulations and standards impose strict rules and obligations on how organisations should protect their data and respond to cyber incidents, as well as hefty penalties for non-compliance. Continuous monitoring of systems, with an ability to identify and respond to anomalies is essential in demonstrating a commitment to regulatory compliance.  

Another significant challenge of provisioning an effective cyber defence is to assess your ROI. Cyber security does not have a clear and direct impact on revenue or profit. Rather, it is a preventive measure that reduces the potential risks and losses from cyber-attacks which are unpredictable and potentially unlimited.   

An effective cyber defence must provide insight into blocked or mitigated attacks to help illustrate tangible business value. This is where the SOC really delivers value and clarity to the ROI. A SOC can help organisations improve their security posture, mitigate their risks, and optimise their costs by providing them with the following benefits:  

A SOC allows visibility of real-time data from your log sources, providing a picture of the threats you are facing. This is both beneficial in prevention and immediate reactive steps, but also for long-term strategic planning.  

A SOC can reduce the response time against cyber-attacks. Attackers are moving faster than ever according to the CrowdStrike Cyber Threat Report 2024; they say that attacks are progressing in mere minutes, not hours or days.  A SOC can help organisations reduce your reaction by using advanced tools and techniques to identify and contain the threats as soon as possible.  

By optimising cyber security resources and processes, a SOC can enhance efficiency and cut operational costs. The SOC team’s expertise and experience are invaluable, offering organisations informed security strategies and governance recommendations. Furthermore, a SOC can automate and streamline security workflows, minimising manual errors and inefficiencies that could otherwise jeopardise security performance.  

In conclusion 

FSP’s Managed SOC service can be delivered rapidly, providing a fully functional SOC service, and protecting your business in just 72 hours.  

Setting up and maintaining a SOC can be a lengthy, costly, and complex endeavour, especially for small and medium-sized enterprises.  There are many companies that may not have the sufficient budget, staff, or infrastructure to support an in-house SOC. The cost-benefit for a dedicated SOC is very difficult to articulate at small and medium scale.  

Choosing SOC72, FSP’s Managed SOC service, you can improve your cyber security ROI and enhance your security posture, understanding and mitigation of your risks.  Furthermore, you will optimise your costs, improve governance and security strategy while benefiting from the speed and convenience of a managed SOC. 

Contact us today to find out more about how FSP can help you with your cyber security programme and SOC72.