Cybersecurity Challenges for SMEs

According to Cisco’s 2018 SMB Cybersecurity Report*, small and mid-sized enterprises (SMEs) are increasingly at risk of cyber-attacks, and often serve as a launch pad for larger threat campaigns. SMEs serve as easy targets for malicious cyber agents because they tend to have less sophisticated security infrastructure and fewer trained cybersecurity workers on staff to manage and respond to threats.

Gartner recommends SMEs to outsource security services to a MSS or MDR provider if your IT team does not have enough professionals dedicated to running and using the necessary security monitoring tools, and performing 24/7/365 monitoring.

Managed Security Services (MSS)

A typical MSS contract manages traditional security devices such as firewalls, Intrusion detection and prevention systems. The service provider will monitor security events and alerts, offer recommendations to you, but mostly do not conduct in-depth investigation – this means that there is a high potential of false positives. This is not an ideal solution for SMEs who are already tight on resources, and may have the relevant expertise.

Managed Security Information And Event Management (SIEM)

Managed SIEM is an alternative to on-prem deployment. The service provider helps you set up, host and operate the SIEM software - which collect logs and correlates data to identify potential threats as well as analysis of security alerts for your security team to take further action. Managed SIEM allows organizations to deploy faster, reduce setup time, as well as reducing training costs. The down side to managed SIEM is its potential high cost which makes it more viable only for large enterprises. Also, Managed SIEM does not perform security investigations, and only sends out feeds of events and alerts for further action on the organization’s side.

Managed Detection And Response (MDR) 

Managed Detection and Response (MDR) is an advanced layer on top of your existing security tools, services and internal security staff (Level 1 support). The service provider offers Level 2 or 3 security skillsets to enhance your existing security. As the name suggests, MDR focuses on threat detection (hunting) and response (remediation). An MDR provider will investigate alerts, eliminate false positives, and advise the customer on a course of action. The provider may, on behalf of your organization, to respond to any identified threats. The disadvantage of MDR is that it may not retain does not collect logs and is therefore not suitable for organizations operating in an industry governed by a regulatory framework.

SOC-as-a-Service (SOCaaS) ​

More SMEs are moving toward SOC-as-a-Service simply because of its affordability (operates fully on a cloud platform) and comprehensive security features. SOCasS uses cloud-based platforms with AI capabilities and replaces the need for level 1 security analysts. ​ Furthermore, with SOCaaS you have cloud SIEM and MDR capabilities, as well as the option of highly competent external security team  to manage the SOCaaS cloud based platform. This is a prerequisite in monitoring, detecting and responding to any network and endpoint threat.​

Find out how your organization can BENEFIT and SAVE with TruVisor’s Cloud Falcon SOCaaS.


Why SOCaaS is important and ideal for SMEs

According to the 2020 Data Breach Report, SMEs were the target of 43% of cyberattacks and the cost of each attack was $184,000 on average, with a report suggesting that 60% of small businesses folded within six months of a cyberattack.

For this very reasons, SMEs require a more secure, comprehensive and affordable solution to protect their business interest. SOC-as-a-Service presents a viable and comprehensive solution for SMEs.

SOCaaS is offered as a service by an external company, who manages your IT/network security; from monitoring the activity of your network to the management of your Cloud services. They work with your existing IT staff (if you have one) to learn your company’s IT architecture and set up the necessary processes to deal with any potential cybersecurity threats in the future.

Setting up a custom detection and response system is time consuming. You will need to license software tools, set up the system, create procedures and security policies, hire and train a team.

TruVisor’s Cloud Falcon SOC-as-a-Service (SOCaaS)

CloudFalcon was specifically built to cater to the needs of SMEs in South East Asia. The system is used within the Japan Security Operation Center (JSOC) by their security provider and by 90% of the Financial Services Industry (FSI) in Japan.

Its advanced and high-quality security monitoring can be performed without the judgment of a specialized security analyst, and by operating the system on the cloud, the cost and operational load can be significantly reduced.

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