As companies face challenges like expanded remote work and a quickly evolving threat landscape, business leaders are investing more into cybersecurity. However, it has to be the right cybersecurity. There is no substitute for a 24/7 security operations center (SOC), with experienced analysts, threat hunters, and data scientists, though this is difficult to build from both a capital improvement perspective as well as staffing. At Cysiv, it is our mission to put the future of SOC within reach of every organization, through cloud-native, 24/7 SOC-as-a-Service.
“A true SOC implementation tends to be very complex and expensive, which keeps it out of bounds for a lot of companies,” said Cysiv CEO Partha Panda. “We saw an opportunity to democratize the concept of SIEM and SOC and threat hunting for most companies out there. There’s an opportunity where everyone can get access to it.”
Read on to find out how Cysiv made our SOC-as-a-Service even better during 2021, and see how respected voices in cybersecurity have noticed.
Product Updates: What’s New in SOC-as-a-Service
These changes throughout 2021 have made the Cysiv’s innovative SOC-as-a-Service platform even better.
Google Cloud Marketplace Launch
In June of 2021, we made our Google Cloud-native SOC-as-a-Service platform easier than ever to procure, by launching on the Google Cloud Marketplace. With Cysiv in Google Cloud, you can ingest telemetry from Google’s own services, the services you build within Google Cloud, and other services you run both on-premises and in other cloud services (AWS and Azure) and SaaS applications. Its presence in Google Cloud Marketplace also makes it easier for your finance team, since you can now purchase it with Google Cloud-committed spend.
MITRE ATT&CK Preparedness in Cysiv Command
The MITRE ATT&CK Framework is the industry standard for understanding how attackers work and how to defend against those attacks. In 2021, Cysiv Command added a dashboard that allows you to track how your data sources map to the elements of the MITRE ATT&CK Framework. This makes it easier to analyze gaps, prioritize onboarding of data sources, deepen your telemetry, and tune detection coverage.
Unified Global Architecture
In May 2021, Cysiv launched a new Unified Global Architecture. For businesses with stringent regulatory requirements, this makes it easy to determine where log data is stored, while still being able to query that data globally. This makes SOC-as-a-Service accessible to an even broader range of businesses, including ones in highly regulated industries with strict data residency requirements.
Expansion into Middle East and Africa
Business in the cloud is global, and Cysiv SOC-as-a-Service is global, too. In 2020 Cysiv acquired Cairo-based SOC and cyber experts SecureMisr. In January 2021 Cysiv took the next step, announcing expanded operations throughout the Middle East and Africa. Since then Cysiv has served a range of public and private businesses in the region.
Industry Recognition: What the Future of SOC Looks Like
Throughout 2021, Cysiv has been identified by several respected industry publications as a leader in managed security services.
In December 2020, Gartner’s Market Guide to Managed Security Services identified Cysiv as a representative vendor in the space. Said Cysiv CEO Partha Panda, "To us, being named by Gartner as a Representative Security Pure-Play Vendor reinforces our solution's value to customers."
In February 2021, the KuppingerCole MarketCompass report recognized Cysiv as a top provider in the SOC-as-a-Service industry. Among Cysiv’s strengths, according to the report, were the cloud-native platform, available levels of service, co-management capabilities, and threat intelligence capabilities in the platform. Download the report for their full analysis of Cysiv’s SOC-as-a-Service.
In their “Best of 2021 and Beyond” lists, Solutions Review named Cysiv in two separate groups of leading security firms. Solutions Review named Cysiv among the best in the Managed Detection and Response space. They also identified Cysiv as one of the best SIEM Tools and Vendors.
Cysiv was named the winner of Tech Titans’ 2021 Fast Tech Award, which honors the fastest growing technology companies in North Texas. We topped the list of 20 other North Texas-based technology companies with three-year revenue growth of 1,848 percent. In 2021 alone, we doubled our SOCaaS customer base, and revenue was up more than 100%, with growth strongest in the US, Europe and the Middle East and Africa region.
Looking Back, Looking Forward
Through 2021, Cysiv has continued our mission to make a mature 24/7 SOC available to businesses of all sizes. Our growing list of clients now includes Fortune 50, Fortune 100, Fortune 500 and Fortune 1000 clients. As importantly, we have been chosen by digital native and high-growth companies, across a range of sectors, including fintech, SaaS/business services, digital health, mobile commerce, and consumer.
We have continued to improve our offerings and expand our reach, becoming a leading global provider of SOC-as-a-Service. In 2021, 85% of all cases we escalated to clients worldwide were true threats. This means that less than 15% of our cases were false positives, compared to the industry standard of 40-80%. For many clients, we delivered fewer than 5% false positives. In addition, once a true threat was detected and confirmed by the platform as a critical or high potential security incident, it took us fewer than 5 minutes to respond, either by initiating a pre-approved, manual or programmatic response measure on behalf of the client, or by communicating to the client with clear guidance on how to address the threat.
As we move into 2022, we are committed to making Cysiv even better, and continuing to make a full-featured SOC accessible to businesses of all sizes.
“We’re very proud to have been entrusted by so many businesses, and to be operating as a seamless extension to their SecOps teams, as a true strategic security partner,” said Partha Panda, CEO and co-founder of Cysiv. “The rapid growth we’re experiencing is validation of our unique service offering, which combines a data-centric approach, our own cloud-native next-gen SIEM platform, and a response-centric SOC model.”
If you are ready to learn more about Cysiv, and how we can help you secure your business in a scalable and cost-effective way, read our data sheet to learn more.