As the digital landscape changes, cyber threats are becoming more frequent and complex, making it difficult for businesses to defend themselves. The traditional method of relying on in-house security teams and solutions is no longer enough. With the increasing adoption of cloud-based technologies such as Azure Sentinel SIEM, businesses require security experts to offer real-time threat intelligence and proactively minimize risks. This is where SOC providers play a crucial role.
In this article, we will discuss why partnering with a SOC provider to manage your Azure Sentinel SIEM and cybersecurity solutions is essential.
Reasons to Partner with a SOC Provider for Managing Azure Sentinel SIEM and Cyber Solution
24/7 Monitoring and Incident Response
One of the primary benefits of partnering with a SOC provider is round-the-clock monitoring of your environment which can be difficult staffing yourself. Providers use advanced threat detection and response tools to identify and respond to potential threats before they can cause harm. This includes monitoring Azure Sentinel logs, identifying suspicious activities, and responding to incidents promptly.
Expertise and Experience
A SOC provider is staffed with security experts who have years of experience in managing complex security environments. They possess in-depth knowledge of the latest threats and vulnerabilities, and they use this expertise to provide proactive protection against emerging threats. By partnering with a provider, you gain access to a team of experts who can help you navigate the ever-changing threat landscape.
Maintaining an in-house security team and infrastructure can be expensive (see example calculations below). Partnering with a SOC provider allows you to benefit from economies of scale, as you can leverage their infrastructure, expertise, and resources. This means you can reduce your security costs while improving your security posture.
Every organisation has unique security needs. SOC providers work closely with clients to design customised solutions that meet their specific requirements. This means you get a tailored approach that aligns with your business objectives, risk tolerance, and compliance requirements.
Compliance requirements are becoming increasingly complex, and failure to comply with regulations can result in hefty fines and reputational damage. SOC providers have a deep understanding of compliance regulations and can help you ensure that your security measures are in line with industry standards and regulations.
Examples of Cost of In-house Vs partnering with a SOC provider
Calculating the cost of managing your Azure Sentinel SIEM and cyber solution can be complex, and it’s essential to consider all the factors involved before deciding about whether to manage it in-house or partner with a SOC provider.
Let’s look at a simple example to illustrate the potential cost advantage of partnering with a SOC provider versus managing it in-house.
Assume you are a small to medium-sized organisation with a team of two security analysts managing your Azure Sentinel SIEM and cyber solution in-house. Each analyst earns an average salary of £60,000 per year, including benefits and taxes.
2 Security Analysts: £120,000 per year
SIEM software and hardware costs: £40,000 per year
Training and development: £10,000 per year
Total cost per year: £170,000
Now, let’s assume you partner with a SOC provider that offers a managed Azure Sentinel SIEM and cyber solution for a flat fee of £100,000 per year.
Managed Azure Sentinel SIEM and cyber solution: £100,000 per year
In this example, partnering with a SOC provider would result in a cost savings of £60,000 per year compared to managing it in-house.
Of course, every organisation’s situation is unique, and the cost of managing your Azure Sentinel SIEM and cyber solution will depend on several factors, including the size of your organisation, the complexity of your security environment, and your specific security needs.
Q1: What is Azure Sentinel SIEM, and why do I need a SOC provider to manage it?
A1. Azure Sentinel SIEM is a cloud-based security information and event management (SIEM) solution that helps organisations detect and respond to security threats. Partnering with a SOC provider ensures that you have expert support in managing your Azure Sentinel SIEM environment and responding to incidents.
Q2. Can’t I just rely on my in-house security team to manage my Azure Sentinel SIEM and cyber solution?
A2. While having an in-house security team is essential, they may not have the expertise or resources to effectively manage a complex security environment. By partnering with a SOC provider, you gain access to a team of experts who can provide proactive protection and incident response.
Q3. How much does it cost to partner with a SOC provider for managing my Azure Sentinel SIEM and cyber solution versus doing it internally?
A3. The cost of partnering with a SOC provider depends on your specific needs and the level of service you require. However, partnering with a SOC provider can be a cost-effective solution compared to maintaining an in-house security team and infrastructure. See example scenarios below.
Partnering with a SOC provider for Azure Sentinel SIEM and cyber solutions is critical in today’s threat landscape. SOC providers offer 24/7 monitoring, incident response capabilities, expertise, cost-effective solutions, customized offerings, and compliance management services. They can help improve security posture and protect organizations from potential threats.
Transputec is an excellent SOC provider with advanced tools like ThreatSpike, expertise, and customized solutions that can help improve security posture and stay ahead of the ever-changing threat landscape. Partnering with Transputec can give organisations the peace of mind that comes with having a dedicated team of experts watching over their security 24/7.
Book a free Discovery call to learn more about how you can make savings with partnering with a SOC.