SOC as a Service frees up your internal IT team to spend time on the day-to-day operations of your business, saves you money and allows for a quicker response to cyber-threats and attacks, especially ransomware. By outsourcing your security operations center (SOC) to a third-party team of experts, your company is privy to a lot of benefits as we’ve discussed in a previous blog.
Ransomware is becoming increasingly popular and is now seen as one of the top cybersecurity threats to organization of all sizes – even small to midsized businesses (SMBs) who were previously less likely to be on the receiving end of a ransomware attack due to their perceived monetary value. However, now cybercriminals are aware that 22% of smaller firms do not survive a ransomware attack (according to a study by Malwarebytes), and go after them assuming they will pay the ransom rather than go out of business. According to Emisoft, ransomware losses in 2019 were estimated at $6.3 billion, which includes costs of downtime, lost wages and customer defections. SOC as a Service can help your company from becoming a ransomware victim. Here’s how.
Because hackers or bad actors are continuously improving their skills and learning new methods of attack with their ransomware, your organization needs to stay up-to-date on what hackers are doing and the new technology that can thwart their attacks. Internal teams cannot do that, but experts that run SOC as a Service can. They will be able to catch the ransomware before it enters your network or quickly upon its infiltration, saving your organization risk in the process. Additionally, a SOC will log all information coming and going from your network so it will notice anomalies quickly. SOC as a Service will also use file integrity monitoring (FIM) to identify changes in files, which can alert the experts to potential threats or thefts.
When ransomware infiltrates a network, it often works by copying itself and traversing through the network with different names. So, a team could find and remove the initial ransomware file, but its copies can pop up later. SOC as a Service can help identify the hidden malware, preventing reinfection.
Oftentimes firewalls and anti-virus tools are not enough to stop a ransomware attack. Companies that only have the basic cybersecurity are very vulnerable to attack while SOC as a Service keeps your company up to date with the most knowledgeable experts and the best technology. Outsourcing your SOC ensures your applications and all of your security systems are updated regularly with the latest patches and software.
If you are worried about ransomware or any other cybersecurity threats and you do not have the ability to run a successful and robust in-house SOC, then you should consider SOC as a Service. While it is an upfront investment, it can save you time, money and your reputation in the long run. Contact SubRosa for more information about SOC as a Service program and how it can help protect your company against a ransomware attack.