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Beyond Basic MDR, with SOC-as-a-Service

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The healthcare and financial industries are most often in the crosshairs of cybercriminals, but in the past year, we’ve seen that no organizations are immune. From attacks on the entertainment industry to food and beverage companies and critical infrastructure, threats continue to bypass security controls. 

Whether due to ransomware, fileless malware, spear phishing, or supply chain attacks, organizations have started to put a new premium on improving detection and response. Despite the emphasis, 76% of organizations feel that threat detection and response is harder now compared to two years ago, according to a survey by the Enterprise Strategy Group (ESG). As a result, many are turning to managed detection and response (MDR) vendors to provide critical security capabilities.

Advantages of Managed Detection and Response

MDR vendors offer a compelling value proposition for organizations that lack the resources or in-house proficiency to implement a holistic defensive strategy. For example, MDR providers will have the resources, threat intelligence, and staffing to run a security operations center (SOC) 24/7. Cysiv MDRFor many, access to all of these essential pieces is cost-prohibitive, and the cyber skills shortage makes it difficult to find qualified individuals to staff a SOC. Organizations that either does not have a SOC or those that have a security operations team but want to improve their capabilities can benefit from outsourcing to a vendor. By doing so, IT and security teams are able to stay ahead of threats even while dealing with an expanding attack surface and the growing volume and sophistication of threats.

Going Beyond Basic MDR with SOC-as-a-Service

Keep in mind that there are many MDR providers on the market, and not all services are similar. The Gartner1 Market Guide for Managed Detection and Response Services report states that: “The number and variety of MDR providers continue to grow rapidly in an established, but competitive market. Buyers are challenged to differentiate among the variations in delivery approaches and technologies used by MDR service providers.”

One differentiator among vendors that provide managed services is SOC-as-a-Service (SOCaaS). SOCaaS has some crossover with MDR, but provides a more comprehensive, flexible, transparent and, most importantly, more effective approach to threat detection and response.

SOCaaS combines experts, a specialized SOCaaS platform, and threat intelligence and processes and delivers them as a service via the cloud. There are several key advantages that SOCaaS offers:

  1. A modern, cloud-native, next-generation SIEM platform
  2. Transparency through a co-managed SaaS so that you can fully participate alongside the vendors’ analysts
  3. An open technology stack so you can take advantage of technologies you’ve already invested in
  4. Broad data source support
  5. Active response, not just recommendations for the response that should be taken

Taking the Next Step

Security leaders recognize that threat detection and response are a top priority. Adversaries have demonstrated that they can bypass most defenses, which is why threat detection and response have become an essential security function. Choosing an MDR or SOC-as-a-Service vendor to take on the challenge is a significant decision. 

Are you evaluating MDR vendors? In this white paper, we take a deeper look at five ways that SOC-as-a-Services goes beyond basic MDR services and outline key questions you should ask a vendor to make sure their offerings are up to par. Download the white paper here.

1. Gartner, “Market Guide for Managed Detection and Response Services,” Toby Bussa, Kelly Kavanagh, Pete Shoard, John Collins, Craig Lawson, Mitchell Schneider, 26 August 2020.