If there weren’t enough challenges for security operations (SecOps) teams already, economic uncertainty and hits to revenue are forcing organizations to rethink their cybersecurity needs. SecOps teams will be as impacted as the other departments.
For years now, the security industry has suffered from a shortage of skilled professionals, alert fatigue, and the growing complexity of the threat landscape. The 2023 economic situation adds to all of these challenges with budget cuts, forcing executives to make tough decisions on where to cut spending while maintaining a strong security posture.
But even in times like these, SecOps teams are looking to turn those restrictions and cuts into positives. When outside factors force security managers to rethink strategies, opportunities and breakthroughs may surface creative, scalable solutions for alert triage, response, and hunting.
Tough Decisions and Constraints Can Lead to Creative Solutions
In times of economic uncertainty, companies are often forced to make difficult decisions about where to cut costs. However, when it comes to cybersecurity, cutting costs shouldn’t mean sacrificing security. Instead, it’s an opportunity to re-evaluate your current security strategies and find new ways to improve your security posture while reducing costs.
In order to deal with the security staffing challenges we have seen in recent years, companies are giving up on trying to solve the issue in-house with traditional, tiered SOC teams and turning more and more to outsourcing SecOps services. However, cybersecurity is not a cheap endeavor, and the costs associated with outsourcing SecOps functions can quickly add up. This includes the cost of hiring a third-party vendor, the cost of setting up and maintaining the SOC, and the cost of the technology and tools required to run the SOC. As budgets continue to be cut in the face of economic uncertainty, it can be difficult to justify these costs to upper management.
In addition to the costs, when you outsource your SecOps, you are placing a significant amount of trust in the vendor to manage your security operations. This can lead to a lack of control and visibility over your security posture, making it difficult to identify and mitigate threats in a timely manner.
So how can you stay in control of your security operations with more alerts, fewer people, greater visibility, and stay within a limited budget?
One way to solve these challenges is through automation. Automation can help to reduce the cost of running a SOC by automating repetitive tasks, but needs to beyond just triggering playbooks of automated workflows. True automation can be used to provide real-time visibility and control over your security posture, which can help to identify and mitigate threats more quickly. This will allow your existing team to make faster, more informed decisions while keeping the focus on more high-value tasks.
Leveraging Automation in Your SecOps Tech Stack
There are many tools and technologies available that can help companies achieve a higher level of security at a lower cost.
One such solution is Intezer Autonomous SOC, which helps companies achieve all of the above with consistent, 24/7 alert triage, DFIR-level analysis you can trust, and ready-to-use detections for threat hunting. With Intezer, you can immediately get:
- No overlooked alerts: Get 98% of your alerts investigated automatically, with transparent, detailed analysis reports from Intezer pushed to the security tools that triggered the alert.
- Escalation for serious incidents: 84% of your alerts get triaged automatically, with a definitive verdict confirming each alert as a threat or false positive, so you can make sure only the confirmed, serious threats get escalated to your team.
- Less noise: 89% of confirmed false positive alerts resolved automatically, with Intezer updating the verdict and closing the alert directly in your detection system.
- Half the cost of traditional Managed Detection and Response (MDR) providers, taking the most time-consuming tasks off the workload of SecOps team.
Keep your team focused without wasting your budget or time on false positives, repetitive analysis tasks, or too many escalated alerts.
To learn more about how Intezer can help your organization navigate the challenges for SOC teams in 2023, reach out to talk with us.