Showing posts with label soc service provider. Show all posts
Showing posts with label soc service provider. Show all posts

Sunday, January 28, 2024

5 Signs Your Finance Business Needs SOC Monitoring ASAP



In the rapidly evolving landscape of the finance industry, data security is of paramount importance. As financial institutions increasingly rely on technology to streamline operations and manage sensitive information, the risk of cyber threats looms larger than ever. To safeguard your finance business against potential breaches, it's crucial to invest in a Security Operations Center (SOC) service. Here are five signs that indicate your finance business needs SOC monitoring ASAP.

1. Escalating Cyber Threats in the Finance Sector
The finance sector is a prime target for cybercriminals due to the valuable data it holds. From customer financial records to transaction details, the information at stake is incredibly sensitive. If you've noticed an uptick in cyber threats targeting financial institutions, it's a clear signal that your business needs to bolster its cybersecurity measures. SOC monitoring provides real-time threat detection and response, helping to mitigate risks before they escalate.

2. Increasing Regulatory Compliance Pressures
Governments and regulatory bodies are tightening the reins on data protection, especially in the financial industry. Compliance with regulations such as GDPR, HIPAA, or industry-specific mandates is non-negotiable. A SOC service ensures that your finance business adheres to these regulations by actively monitoring and responding to potential security incidents. Avoiding compliance issues not only protects your reputation but also shields your business from hefty fines.

3. Unusual Network Activities and Anomalies
Unexplained network activities and anomalies can be early indicators of a cyber attack. If your finance business experiences unexpected patterns in network traffic, unauthorized access attempts, or unusual login behavior, it's time to take proactive measures. SOC monitoring uses advanced analytics to identify and investigate these anomalies, helping your business stay one step ahead of potential threats.

4. Lack of In-House Cybersecurity Expertise
Maintaining an in-house cybersecurity team with the expertise to combat evolving threats can be challenging and expensive. Many finance businesses, especially smaller ones, may find it more practical to leverage SOC services. By outsourcing your cybersecurity to a specialized team, you gain access to a pool of experts dedicated to monitoring, analyzing, and responding to security incidents around the clock.

5. Previous Security Incidents or Breaches
If your finance business has experienced security incidents or breaches in the past, it's a red flag that your current cybersecurity measures may not be sufficient. A SOC service learns from previous incidents, adapting its monitoring strategies to fortify your defenses against similar threats in the future. Investing in proactive monitoring is a crucial step in preventing recurring security lapses.

Conclusion: Protect Your Finance Business with SOC Monitoring
In an era where cyber threats are omnipresent, the importance of robust cybersecurity measures cannot be overstated. A SOC service acts as a dedicated guardian for your finance business, providing continuous monitoring, threat detection, and rapid response capabilities. Don't wait until a cyber attack compromises your sensitive data – invest in SOC monitoring ASAP to secure the future of your finance business.

Thanks and Regards,

Wednesday, March 15, 2023

How SOC as a Service Is Revolutionising Cybersecurity for SMBs


Small and medium-sized businesses (SMBs) face unique cybersecurity challenges. They often have limited budgets and resources to dedicate to cybersecurity, but are just as vulnerable to cyber attacks as larger organisations. This is where SOC as a Service can help. 

SOC as a Service providers offer SMBs affordable access to enterprise-level cybersecurity services. In this blog post, we'll explore how SOC as a Service can help SMBs protect their businesses from cyber threats.


What is SOC as a Service?


SOC as a Service, or Security Operations Center as a Service, is a cybersecurity service provided by third-party vendors. These vendors provide monitoring, detection, and response to security incidents on behalf of their clients. SOC as a Service providers can monitor networks, endpoints, applications, and cloud environments for potential security threats. When a threat is detected, the provider can respond in real-time to contain the threat and minimise damage.


How Can SOC as a Service Help SMBs?


  • Affordable Access to Enterprise-Level Cybersecurity Services: Many SMBs don't have the resources to build and maintain an in-house Security Operations Center (SOC). SOC as a Service providers offer affordable access to enterprise-level cybersecurity services. SMBs can choose from a range of service options and pricing plans to find a solution that meets their needs and budget.


  • 24/7 Monitoring and Incident Response: SOC as a Service providers offer 24/7 monitoring and incident response services. This means that SMBs can have peace of mind knowing that their systems are being monitored around the clock for potential security threats. When a threat is detected, the SOC as a Service provider can respond in real-time to contain the threat and minimise damage.


  • Expertise and Experience: SOC as a Service providers have the expertise and experience to detect and respond to a wide range of cyber threats. They use advanced tools and technologies to monitor networks and systems, and they have highly skilled analysts who can quickly identify and respond to potential threats. SMBs can benefit from this expertise without having to hire and train their own cybersecurity staff.


  • Scalability: SMBs may experience changes in their business operations and cybersecurity needs over time. SOC as a Service providers offer scalable solutions that can grow and adapt to changing needs. SMBs can easily add or remove services as needed, without having to invest in additional hardware or software.


Choosing a SOC as a Service Provider


When choosing a SOC as a Service provider, it's important to select a vendor that has experience working with SMBs. Look for a provider that offers a range of service options and pricing plans, and that has a proven track record of delivering high-quality services. Some of the top SOC as a Service providers include Secureworks, Arctic Wolf, and eSentire.


Conclusion


SMBs face unique cybersecurity challenges, but SOC as a Service can help. SOC as a Service providers offer affordable access to enterprise-level cybersecurity services, 24/7 monitoring and incident response, expertise and experience, and scalability. 


When choosing a SOC as a Service provider, it's important to select a vendor that has experience working with SMBs and that offers a range of service options and pricing plans. With SOC as a Service, SMBs can protect their businesses from cyber threats without breaking the bank.


Thanks and Regards,

Priya - IARM Information Security

SOC as a Service Provider ||  SOC Service Vendor || SOC Monitoring Service




Wednesday, April 20, 2022

Why Have A SOC Operation for the Organisations?

 


The Cyber threat landscape is evolving at a rapid pace, necessitating ongoing monitoring and response to avert any intrusions. The longer a cybersecurity event stays unsolved, the greater the danger of damage and financial loss to the company. 

 

An organization's Security Operations Centre is in charge of dealing with these threats (SOC). The security operations centre (SOC) should be able to monitor cyber threats 24 hours a day, seven days a week, and respond rapidly to occurrences.


SOC (Security Operations Centre) is a term used to describe a security operations centre.

 

A security operations centre (SOC) is a building that houses an information security team that is responsible for monitoring and assessing an organization's security posture on a continuous basis.

 

To detect, analyse, and respond to cybersecurity issues, the SOC team have used a combination of processes. To ensure that security vulnerabilities are addressed as soon as they are detected, the SOC team engages with the organization's incident response teams.

 

Networks, servers, endpoints, databases, apps, websites, and other systems are monitored and analysed by the security operations centre to look for odd behaviour that could indicate a security event or compromise. The Security Operations Center is in charge of effectively discovering, analysing, protecting, investigating, and reporting potential security threats.

 

Security Operations Center Roles and Responsibilities (SOC)


The Best SOC Service Provider is in charge of the organization's incident response and pushes for ongoing security improvements to protect the company from cyber attacks. A well-functioning SOC will provide the following benefits by monitoring and managing the entire network with a complex combination of the right technologies and the right personnel.


Determine your assets.


A SOC team's actions begin with a thorough understanding of the tools and technologies accessible to them.


The team learns about the hardware and software of the systems. Their vast experience aids in the early detection of cyber threats and existing vulnerabilities.


Monitoring that is proactive


The fundamental purpose of a Security Operations Center is to detect malicious network activity before it causes major harm.


Rank the severity of the alerts.


When a SOC analyst discovers a threat or irregularity, they must assign a severity level to it. This data assists in prioritising the event's response.


Continuous behavioural monitoring requires assessing all systems seven days a week, 24 hours a day. As a result, SOCs can give reactive and proactive actions equal weight because any abnormal inaction is detected right away. Behavioral models can be used to train data collection systems on what activities are suspicious and to correct data that may be misinterpreted as false positives.


Incidence Reduction


The data of an organisation can be recovered through incident recovery. This includes reconfiguration, updates, and backups of the system.


Management of Compliance


It's critical for ensuring that members of the SOC team and the company follow regulatory and organisational guidelines when pursuing business objectives. Compliance education and enforcement are usually handled by one team member.


The SOC collects data from across the network, and various devices keep an eye out for anomalies and alert staff to potential threats in a variety of ways. The SOC, on the other hand, is responsible for more than just resolving problems when they emerge.


Organizations frequently turn to a security operations centre (SOC), which provides centralised and integrated cybersecurity incident prevention, detection, and response capabilities, to continually monitor and respond to threats.


What is the most appropriate SOC for your company?


A security operations centre (SOC) can be used as part of a larger plan to safeguard enterprises of all sizes from advanced threats.


However, there is no one-size-fits-all approach that achieves the ideal cost-effectiveness ratio.

There are various SOC models for constructing and maintaining security operations.


Distributed SOC 


In a co-managed SOC, also known as a co-managed SOC, an in-house semi-dedicated full-time or part-time team member is engaged to work with a third-party managed security service provider (MSSP).


Managed SOC 


In this manner, MSSPs supply a corporation with full SOC services. Managed detection and response (MDR) partners are another sort of managed SOC.


A managed security operations paradigm adds continuous threat monitoring to existing network security solutions. 


Such security operations solutions that help identify and eliminate vulnerabilities and reduce cyber risk can also be included.


Security Operations Center Advantages


The advantages of a Security Operations Center are as follows:

  • Incident response timelines and procedures have been improved.
  • Gaps between the time of compromise and the mean time to detect have narrowed (MTTD).
  • Suspicious activity is constantly monitored and analysed.
  • Collaboration and communication that works.
  • For a more holistic security strategy, software and hardware assets have been consolidated.
  • Customers and employees feel more at ease exchanging personal information.
  • Transparency and control over security activities have improved.
  • A data chain of control, which is essential if a corporation expects to prosecute persons who are suspected of being involved in a cybercrime. 

What are the best security operations centre practices?


The Security Operations Center Risk Assessment best practises are listed below.


SOC executives employ formal risk assessment techniques to identify gaps in detection and response coverage, as well as to influence future investments.


Data aggregation and collection


Best-in-class SOC Managed service provider use cutting-edge technologies to consolidate and analyse data from across the organisation.


Prioritize


The volume of security data and warnings may overwhelm even the largest SOC teams.

Defined processes for prioritising and triaging incident response are required to avoid overlooking serious risks. 


Making Use of Playbooks


SOC playbooks are operational procedures that give analysts structure and detailed guidance for common attack scenarios.


They speed up reaction times and improve the quality of investigations.


Automation


SOC's automate data collection, processing, and key incident response stages to improve response time and provide analysts more time to accomplish work that requires human interaction.


Everything needs to be tracked and reported on.


SOC's are used not only to respond to security incidents, but also to track cybersecurity effectiveness and demonstrate compliance.


IARM, the market leader in security operations, provides an outsourced, fully managed security operations solution that enables businesses of all sizes to grow their defences and reduce risk.


Our security and compliance professionals offer tactical and strategic advice to help you improve your security posture and compliance skills.


Conclusion


Hope this article helps you to find the Best SOC Service provider for your organization. And your feedback is always welcome through the comment section.


Thanks and Regards,

Priya

Wednesday, March 18, 2020

11 Handy Tips from Cyber Security for Work From Home / Teleworking Employee

 11 Handy Tips from Cyber Security for Work From Home / Teleworking


Howdy all! Today, we are going to look at how the Cyber Security Vulnerability and threats impacts the remote working options and
what are the Best Practices for Work From Home / Teleworking.
With the recent trends worldwide, the Teleworking otherwise termed as remote working or working from home is on the raise.
Should we consider this option as a threat or an opportunity for an organisation.

It is definitely an opportunity but be aware to assess the threat involved in extending this option to your employees.

Everyone will talk about productivity, engagement, motivation, cost savings etc, but all these can prove just the opposite if the
Cyber Security Vulnerability and threats are not evaluated prior to extending these facilities to the employees.

So what do you think one should do before extending the teleworking or remote working options for employees?

  • Do not open the flood gate to accommodate all users during BCP. Validate Business requirement and need for each user and decide
  • Perform a Risk Assessment weighing the pros and cons of extending the teleworking options to employees
  • Prepare an Information Security Training kit and ensure that all employees are aware of their responsibilities and role in adhering to the
organisation Information Security Policy.
  • Perform Network Penetration Test for all your devices are exposed to the public network which forms part of authentication service for the
teleworking services.
  • If you are doing IT services for your customer, Ensure that you get formal approval from your customer before you enable remote access
  • Have a clear check and validate procedure before extending the end users to use their personal laptop/desktop. Sanitise their device and
have a clear monitoring mechanism to check if all the required patch, Antivirus and minimum security checks are performed on the end
users personal device
  • Prior to give business application access to external network, perform a detailed and complete Application Penetration Test
  • Avoid Remote Desktop Protocol (RDP) over the internet. RDP, if not configured and secured, can act as a gateway for cyber criminals to
access sensitive internal resources
  • Does your organization have Mobile Device Management Solution in Place for Mobile users? If not it is recommended to implement MDM while
users are given access to organization information using their Mobile Phone.
  • Use a reliable Virtual Private Network (VPN) to establish a secure channel between end user systems and organization network. Some of VPN
best practices listed below
  • Implement Multi-Factor Authentication (MFA) on all VPN connections to increase security. If MFA is not implemented, enforce end users
to use strong passwords
  • Ensure IT security personnel test VPN limitations to prepare for mass usage and, if possible, implement modifications—such as rate
limiting—to prioritize users that will require higher bandwidths.
  • Update latest patch (Some organization they don`t update VPN patch due to continuous utilization)
  • Establish 24X7 security alert monitoring for your external facing devices, VPN and Business application. If you already have
SOC services (Security Operation Center),
  • Ensure security rules are updated and all business applications and network devices are covered as part of monitoring
  • Ensure to maintain compliance, privacy and regulatory requirements in Information security management services such as GDPR,
HIPAA, PCI etc., when users work remotely.
If you have any queries or help please feel free to contact us IARM Information Security Pvt Ltd. Mail us at info@iarminfo.com & Visit https://www.iarminfo.com

So Let's get started.

IARM can help with their end to end Information security services and solutions. Contact us today and let’s work together to keep your business safe.


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