Summary
Setting up a dedicated 24/7 organization to combat cybersecurity threats can be extremely costly, with models saying between $2-4 million.
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The cost of a good enough SOC can range from a few million dollars to half a billion
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, and the right-sized answer depends on the type of SOC, the number of people needed, and the technology used. Assuming the average security analyst costs $90,000 a year, a fully staffed, 24x7 team could easily cost more than $1 million a year
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, with the total cost ranging from $2 million to $7 million annually.
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BankInfoSecurity provides resources such as risk management, compliance, fraud, and information security to help organizations make informed decisions.
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According to
Summary
Security operations is a complex process that requires a team of experts to be on call 24/7, and the cost of building and operating a 24x7 security operations function can vary greatly. The cost of a good enough SOC can range from a few million dollars to half a billion, and the right-sized answer depends on the type of SOC, the number of people needed, and the technology used. There are four main types of SOCs: basic, advanced, and good enough, each with their own unique features and costs.
How much does it cost to build a 24x7 SOC? - Expel
expel.com
Summary
This eBook provides an overview of the different levels of security operations centers, how to determine which level is right for an organization, and when to consider an as-a-service model for security operations. It also provides resources for risk management, compliance, fraud, and information security, as well as daily email updates covering topics in risk management, compliance, fraud, and information security.
How Much Does it Cost to Build a 24x7 SOC? - BankInfoSecurity
bankinfosecurity.com
Summary
The cost of building a 24x7 SOC can vary greatly depending on the level of service needed, the number of employees needed, and the type of SOC. There is a "floor" cost that is unlikely to go under if the company is shooting for "competent," and beyond that, the sky's the limit. BankInfoSecurity provides a right-sized answer that fits any situation, and offers resources such as risk management, compliance, fraud, and information security to help organizations make informed decisions.
How Much Does it Cost to Build a 24x7 SOC? - BankInfoSecurity
bankinfosecurity.com
