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SOC as a Service Can Save Brands $4.88 Million on Average in Data Breach Costs — ​​BlueGrid.io Leads the Way

Cybersecurity 1,187
SOC as a Service Can Save Brands $4.88 Million on Average in Data Breach Costs — ​​BlueGrid.io Leads the Way
[Source: BlueGrid.io]
Article by Maja SkokleskaMaja Skokleska
3 min read
Published: November 19, 2024

IBM’s "Cost of a Data Breach Report" shows that undetected breaches significantly increase mitigation costs, highlighting the value of SOC (Security Operations Center) as a Service for early detection.

Recognizing that small businesses and startups often struggle with the complexities of cybersecurity, BlueGrid.io has stepped into the scene as a strategic partner to companies offering tailored solutions to proactively identify and mitigate threats.

The firm achieves this through a balanced approach that combines consulting with SOC as a Service.

The firm addresses businesses’ growing need for proactive cybersecurity solutions with tailored consulting, continuous monitoring, and training to help them actively safeguard their systems and data.

 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by BlueGrid (@bluegrid.io)

This innovation is especially vital for companies seeking a cost-effective alternative to building an in-house cybersecurity team.

The Cost of Data Breaches Is on the Rise

IBM’s 2024 "Cost of a Data Breach Report" shows that the average cost of a data breach has reached $4.88 million, a 10% increase from last year.

Key drivers include widespread business disruptions, recovery support, and compliance with standards like SOC or ISO.

The report also suggests additional losses — an average of around $500,000 per incident — stem from insufficient prevention measures.

Global Average Total Cost of a Data Breach
Global Average Total Cost of a Data Breach Measured in USD Millions | Source: IBM

From a business perspective, these incidents can seriously affect a company’s financial health, including its budget, hiring plans, and future cybersecurity investments.

BlueGrid.io Co-founder and CEO Ivan Dabic also points towards a critical gap beyond SOC teams: the need for Cybersecurity Awareness Training.

“This approach includes employee training to recognize attacks, simulated phishing exercises to build awareness over time, and continuous monitoring by our team to detect and respond to threats.
The shortage of cybersecurity professionals is well-known, but a bigger challenge may lie in the lack of cybersecurity education. Awareness has not improved significantly over the past decade.
Our solution aims to bridge this gap and strengthen prevention within organizations,” he says.

How BlueGrid.io’s SOC Services Support Businesses

BlueGrid.io’s SOC offerings address the specific security needs of different organizations to help them build robust internal security practices.

These offerings include:

1. SOC Consulting (One-Time Assessment and Implementation)

For companies building a strong security foundation, the SOC Consulting package offers a full security assessment, a tailored solution strategy, and the initial implementation of security measures.

This is ideal for businesses needing setup without continuous monitoring.

  • Scope: Initial consultation, security assessment, strategy, and implementation.
  • Objective: Identify vulnerabilities, implement security measures, and strengthen cybersecurity.

2. SOC Monitoring (Continuous Monitoring)

The SOC Monitoring package is designed for organizations needing proactive, ongoing security oversight.

 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by BlueGrid (@bluegrid.io)

With 24/7 monitoring, threat detection, and incident response, the agency ensures continuous protection and real-time response to cybersecurity threats.

  • Scope: 24/7 monitoring, threat detection, incident response, and regular reporting.
  • Objective: Enable immediate visibility into threats and ensure rapid response, minimizing breach impact.

3. Phishing Training and Testing

Phishing remains one of the most common entry points for cyberattacks.

BlueGrid.io’s Phishing Training and Testing service educates employees on phishing recognition and provides simulation testing to reinforce security awareness.

  • Scope: Phishing awareness training and testing over 1-3 months.
  • Objective: Prepare employees to detect and avoid phishing attempts, strengthening the organization’s defenses.
 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by BlueGrid (@bluegrid.io)

Why SOC as a Service is Essential

IBM’s report highlights that the longer a breach remains undetected, the higher its cost.

Proactive monitoring and well-defined response strategies help limit these risks.

BlueGrid.io’s SOC as a Service offers a comprehensive solution that gives businesses the flexibility to secure their data, reduce breach costs, and build resilience.

As data security risks continue to grow, investing in SOC as a Service ensures your organization is prepared to handle cyberattacks. Likewise, partnering with a trusted SOC solutions provider strengthens your cybersecurity strategy.

Contact BlueGrid.io today to learn more about how the agency’s SOC solutions can help you detect, analyze, and respond to cybersecurity incidents more efficiently.

Tags:
BlueGrid.io cybersecurity soc as a service 
Maja Skokleska
Maja Skokleska
B2B Content Manager
Maja Skokleska has seven years of experience writing digital-focused content that boosts online authority and drives commercial results. She's passionate about covering trending digital topics and is on a mission to grow DesignRush’s brand value by writing content that matters to its B2B network.
Follow on: LinkedIn Send email: maja@designrush.com
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Contact our news team at spotlight@designrush.com
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