Data breaches are costing organizations millions of dollars on average. In its 2020 Cost of a Data Breach Report, IBM found that a data breach cost the average organization $3.86 million. This price tag was even greater for organizations located in the United States and operating in the healthcare industry at $8.64 million and $7.13 million, respectively.What’s behind this price tag, you ask?It could be the fact that it took organizations 280 days on average to identify and contain a breach, according to IBM. Let’s put it this way: digital attackers had nearly a year to hide within their victims’ systems and networks. That’s ample time to discover and move laterally to business-critical assets, at which point they can exfiltrate sensitive information. Such malicious activity ultimately translates into recovery costs, compliance penalties and legal fees.The Value of a SOCOrganizations need a way to improve their ability to detect incidents on a timely basis. Towards that end, they can consider creating a Security Operations Center (SOC) to proactively monitor their organizations’ security. A SOC might consist of a physical location where SOC analysts oversee the employer’s ability to operate securely, notes CompTIA, or it could just be a team of experts responsible for providing the same security function.SOC analysts tend to do the same type of work in either setup. Their duties range from proactively monitoring for threats using log analysis to addressing vulnerabilities and coordinating an incident response plan. All of this happens within a centralized business unit.As such, SOCs bring certain benefits to organizations. One of the most important is continuous protection. The idea is to have the SOC ..
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