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IT and cloud consulting firm BlueGrid has just announced the launch of Security Operations Center (SOC) as a Service, its cybersecurity solution designed to protect IT environments from the growing threats of cyberattacks.
According to an FBI report, a total of $12.5 billion was lost in 2023 due to cybercrime complaints, which is more than three times the amount lost in 2019.
This increase comes despite the FBI recording less than double the number of complaints in 2023, showing how suave cybercriminals are getting at stealing bigger amounts of money.
To counter the rise of increasingly complex cyber threats, BlueGrid has introduced a fully managed service that provides expert monitoring teams dedicated to safeguarding businesses' digital infrastructures from potential attacks.
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This service comes at a critical time as cybercriminals continue to evolve, making it increasingly vital for companies to strengthen their defenses.
Built on the Splunk platform, it provides organizations with continuous monitoring, incident detection, and rapid escalation to ensure that they can defend their infrastructure in real time.
The SOC as a Service solution enables businesses of all sizes to access enterprise-level cybersecurity monitoring without the burden of setting up and managing their own SOC.
How Does SOC as a Service Work?
At the core of SOC as a Service is Splunk, a state-of-the-art platform for monitoring, searching, and analyzing machine-generated big data.
The platform allows BlueGrid to provide real-time insights by processing complex data from multiple sources within a client's IT infrastructure.
Businesses, on the other hand, can identify trends, detect anomalies, and uncover potential security threats as they emerge.
The entire process begins with an initial assessment of a business’ IT infrastructure, allowing BlueGrid to understand its unique security and monitoring requirements.
For BlueGrid clients with existing Splunk setups, the solution provider integrates its platform directly with the infrastructure, enabling immediate monitoring without requiring additional configuration.
For those without, BlueGrid will handle the deployment and setup, including creating custom dashboards, alerts, and reports to ensure that the platform is fully customized to meet their specific security needs.
Once setups are in place, BlueGrid’s security experts will closely monitor all client logs for unusual activity or threats, including signs of breaches, abnormal traffic, or emerging vulnerabilities.
Depending on the client’s specific needs, the enterprise IT services agency also provides dedicated SOC teams to focus exclusively on a single client’s infrastructure or shared teams that monitor multiple clients at once.
What Happens When a Cybersecurity Threat Is Detected?
When a suspicious activity is detected by the security team, it is immediately flagged, categorized, and escalated to the client’s designated teams for prompt action.
BlueGrid then shares details of the incident directly with the client’s internal security team, ensuring that all relevant information is delivered timely and in easily understandable manner.
To aid in the resolution process, BlueGrid’s team works closely with the client, offering insights and recommendations to help contain and resolve the threat efficiently, minimizing disruptions to the client’s operations.
Overall, SOC as a Service hopes to be a flexible cybersecurity solution by offering clients 24/7 monitoring and around-the-clock protection, with the option of custom time-range monitoring for businesses that require coverage only during specific hours.
It’s an all-in-one service meant to empower businesses to stay ahead of evolving cyber threats, combining cutting-edge technology with expert-driven monitoring and flexible service models.
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Many businesses, especially small and medium-sized ones (SMBs), don’t recognize cybersecurity as a priority because they believe they won’t be targeted.
However, BlueGrid’s Distributed Denial-of-Service (DDoS) attack statistics emphasize why this should be a top priority.
A DDoS attack is a type of cybercrime where the perpetrator overwhelms a server with excessive internet traffic, hindering users' ability to access websites and other online services.
In the last 30 days, BlueGrid’s SOC team handled a total of 55 such attacks, with each one lasting between 10 to 40 minutes.
The number of requests per attack ranges from 5 to 40 million at an average of 9,500 requests per second.
Earlier in 2024, Verizon also reported that the median loss due to Business Email Compromise (BEC) alone, which only accounted for 25% of all attacks, amounted to about $50,000.
SMBs are often targeted by sophisticated cybercriminals, with Verizon seeing a record-high of over 10,000 data breaches in 2024.
And the year isn’t over yet.
Whatever size your business is, it’s best to be aware of the need to protect yourself from cyber threats. Finding the best cybersecurity partner is crucial in protecting your IT infrastructure against cybercriminals.
Editing by Katherine 'Makkie' Maclang
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