A Non-Technical Overview of Managed SOC

When growing a business, a strong cybersecurity defense is a valuable investment. The strength of your attack surface depends on healthy cybersecurity practices at the individual level as well as across the organization. One way to protect your business from cyberattack is to engage the services of a Managed Security Services Provider, or MSSP to manage your SOC services.

An MSSP is an extension of your existing IT department and delivers intelligence, analysis, and remediation for your protected systems. The MPGSOC team uses tools, technology, and training to be the best enterprise SOCaaS solution possible, and your protection could be a combination of any or all of the methods listed below.

What is a Managed SOC?

A managed SOC, or Security Operations Center, is a team of security experts who monitor and protect an organization's IT infrastructure 24/7. They use a variety of tools and techniques to detect and respond to cyberthreats, including:

• SIEM (Security Information and Event Management) systems. MindPoint Group’s SIEM is powered by SumoLogic and analyzed by us, so you get the most     accurate and timely information when you need it.
• EDR (Endpoint Detection and Response) solutions. MPGSOC’s solutions are powered by CrowdStrike and remediated by our team.
• Threat intelligence. Important information like affected devices, source of threat, and more.
• Human analysis. MindPoint Group knows it’s important to have someone you can trust on your side. Human analysis guarantees that automated solutions are     guided by humans who know what they’re doing.

Managed SOCs can be used by organizations of all sizes, from small businesses to large enterprises. They are a valuable resource for organizations that lack the in-house expertise or resources to manage their own security operations.

What does a Managed SOC protect against?

A managed SOC can protect against a wide range of cyberthreats, including:

• Ransomware, malicious software that encrypts or blocks access to your important data and demands a ransom for its return.
• Phishing attacks, cyber attacks that try to trick the victim into revealing sensitive data for access to secure systems.
• Data breaches, any security incident in which unauthorized parties gain access to sensitive or confidential data, whether personal or professional.
• Denial-of-service attacks, in which a malicious actor aims to render a computer or other device unavailable to its intended users by interrupting the device’s     normal functioning.
• Malware infections, malicious programs or codes that are invasive, damaging, or disabling to computers and systems.
• Insider threats, cyber security risks that originate from within your organization, whether intentional or accidental.

Managed SOCs can also help organizations to comply with industry regulations, such as HIPAA and PCI DSS. Each of these cyber threats can become costly if escalated to a breach, from supply chain issues to recovery costs or regulatory fines.

Who is a Managed SOC for?

Managed SOCs are a good fit for organizations of all sizes that:

• Do not have the in-house expertise to manage their own security operations
• Lack the resources to invest in a dedicated security team
• Need to comply with industry regulations
• Want to outsource their security operations to a trusted partner

How does a Managed SOC work?

A managed SOC typically follows a four-step process:

1. Monitoring: The SOC monitors the organization's IT infrastructure for suspicious activity.
2. Detection: When the SOC detects a suspicious activity, it investigates the incident to determine if it is a threat.
3. Response: If the incident is a threat, the SOC takes steps to mitigate the damage, such as isolating the affected systems or removing the malware.
4. Reporting: The SOC provides the organization with regular reports on the security status of its IT infrastructure.

The benefits of using a Managed SOC

There are many benefits to using a managed SOC, including:

• Increased security: A managed SOC can help organizations to improve their security posture by providing 24/7 monitoring and threat detection.
• Reduced costs: Managed SOCs can help organizations to reduce the costs of security by outsourcing the security operations to a third-party provider.
• Improved compliance: Managed SOCs can help organizations to comply with industry regulations by providing them with the expertise and resources to meet the requirements.
• Freed up resources: Managed SOCs can free up internal resources so that organizations can focus on their core business activities.

A managed SOC is a valuable resource for organizations of all sizes that are looking to improve their security posture and reduce their risk of a cyber attack. If you are considering outsourcing your security operations, a managed SOC is a good option. Consider scheduling a discovery session with MindPoint Group’s MPGSOC team to learn more about how SOCaaS can serve your business cybersecurity needs.

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