Why is IT Security/Cybersecurity Important?
What changes digital transformation and the digital economy have brought us can be described in a few examples - the largest bookseller, Amazon, does not have bookshelves, the largest retail chain in the world, Aliexpress, does not have an inventory, the largest taxi company, Uber, does not own any vehicle, and the largest provider of accommodation, Airbnb, does not have one single bed in its possession.
In industrial economy our resources are primarily physically tangible, while in digital economy, our most important (and sometimes the only) resource is information. Because of its nature, we have to keep the information in digital format and to store it on IT platforms. In digital world, our most important resources can be made available to the whole world, without physical or territorial limitations. It also means that they can be easy object of an attack, even the larger number of attacks at the same time.
It is estimated that the Cyber-crime is “more valuable” and “more profitable” than illegal narcotics. The additional difficulty presents the fact that data can always have a value ie. it can always be valorized. In addition to the stolen credit card numbers, which have their market price, any personal data can be used, which is evidenced with frequent Ransomware attacks (software/virus/malware that encodes/encrypts the data on PC, with the offered price for its unlocking).
A few years ago, security in IT was mostly reduced to firewall and antivirus solutions. This was (partially) enough as there was less exposed information, cyber-crime market was underdeveloped, threats were less sophisticated. This is best evidenced by the fact that in the last two years a larger number of different types of malware/virus have been detected than in the previous 10 years combined. In response to today's threats and challenges, firewalls and antivirus solutions are no longer sufficient. Constant changes and new challenges require not only large investments in human and technical resources, but also constant monitoring and adjusting the same. For these reasons, the capital and operating costs of IT security are becoming larger and larger and more difficult to fit into the available budgets. SOC, as a partial or complete security outsourcing, may represent an optimal, efficient and cost effective approach in response to these challenges.
BENEFITS OF USING SOC:
- Dedicated security experts - one of the most important benefits is a dedicated security team of experts. Larger companies may have dedicated teams and expertise in this area, but in this case Saga SOC team may represent an effective supplement to the internal team in areas that internal teams can not cover. SOC’s expert team is working with several companies and is cooperating with many institutions concerning IT security and thus their broad experience may represent a significant advantage.
- Lower costs and scalability - Saga SOC offers 24/7 monitoring and mitigation of incidents. Within most companies there is no dedicated SOC, with a team that is able to work in three shifts. While internal approach requires continuous 24/7 monitoring, Saga SOC provides 24/7 monitoring without the need for expansion of internal teams. This approach is also scalable, infrastructure and processes are provided from the start as part of the services, and resources are adapted to the needs and growth without need for additional capital investment.
- Awareness and focus - Experience gained in a larger customer data base provides a much wider view than internal resources have. Similar or even the same threats can occur at more customers’ and thus acquired specific experience can be applied for faster and more efficient detection and remediation (repair) thereof. IT and security solutions in companies often represent isolated islands both in terms of technical integration and of jurisdiction of the various teams and individuals. Saga SOC is able to monitor the entire IT system with efficient correlation of events into really recognized incidents, on the basis of which the next steps can be taken.
What Do You Get From Saga SOC?
Basic operating step in increasing the security of the system (and thus reducing the risk in business) is achievement of high level visibility of the entire system. Visibility is the key factor in all stages of a potential attacks/incidents - prevention, detection and response i.e. mitigation. Achieving visibility is not an easy task - it is not merely monitoring of all parts of the system, but filtering, correlation and focusing on true incidents, which is a continuous “search for a needle in a haystack.” The high degree of visibility is achieved by appropriate technical solutions (e.g. SIEM) and expertise - knowledge of the possible threats, deep knowledge of various IT technologies and solutions that are in the user's environment.
Each organization is different and has its own peculiarities, and the service is adapted to that particular environment and specificities. We are able to track the systems which are composed of solutions from different manufacturers (applications, databases, servers, computers, telephones, networks and security devices). Prior to the implementation phase, our team actively works with the customer to analyze requirements and the overall system.