Is Your In-House Cybersecurity Costing You High? The Reality of SOC-as-a-Service Pricing

Is your cybersecurity strategy protecting your business or quietly becoming one of its most expensive operational costs? 

Building an in-house Security Operations Center (SOC) may seem like the best way to protect your business, but the costs go far beyond hiring a security team. From costly tools to constant examination and maintenance, having an internal SOC may turn out to be one of your most expensive IT investments. 

This is why more companies are looking into SOC as a Service pricing options that could prove to be much more cost effective. 

Understanding the Cost of SOC as a Service 

Cost alone does not play the whole role in SOC-as-a-service pricing. Your total investment would depend on various factors, such as the IT environment of your company, the security needs, and the goals of your business in the future. 

Here are the main aspects affecting the pricing process: 

Infrastructure and Technology 

An internal SOC needs considerable resources towards purchasing security technologies and maintaining those systems to keep them updated against any cyber threat. This increases the total cost involved. 

Cybersecurity Experts 

Hiring and maintaining the best cybersecurity experts is not easy and quite costly as well. The process of recruiting and training them might cause a delay in implementing security measures. 

Time to Setup an In-House SOC 

The internal SOC needs some time to be set up. Right from hiring cybersecurity experts to implementation of security technologies and responses, it might take months to become fully functional. 

How SOC-as-a-Service Pricing Is Typically Calculated 

Although pricing options differ across different service providers, SOC as a Service pricing largely depends on the size and complexity of the network that will be monitored. 

The primary factors considered while calculating the price include: 

• Number of Users: Number of individuals working for an organization such as employees, contractors, and any other user who accesses the system of the organization. 

• Number of Devices: Devices that need constant protection such as endpoints, servers, cloud workload, and other connected devices. 

Finally, it depends on the security needs, scope of monitoring, compliance requirement, and nature of the SOC service managed by the provider. It would be more appropriate for organizations not to consider price as the sole deciding factor while choosing a service provider. 

Conclusion 

Having in-house cybersecurity management can be costly and complex, particularly since the risks are constantly evolving. SOC as a Service makes the process of securing your company much easier by eliminating irrelevant alerts, focusing on what matters and ensuring constant monitoring, keeping your business safe without having to invest in an internal SOC.

Since all companies are unique, each one has different cybersecurity needs and compliance requirements and faces other challenges when dealing with the IT environment. Therefore, selecting a SOC service can become a problem for some organizations. However, partnering with IBN Tech, Managed Security Services Provider will make it much easier.

At IBN Technologies, our security professionals analyze your current situation, detect potential security weaknesses, learn about your tolerance for risks and suggest the optimal mSOC solution for your business. 

Find out the right SOC solution and estimated investment in just a few minutes, before security risks turn into costly incidents.

Calculate Your SOC Costs Now.