Evaluate Build vs. Buy Options

The Benefits of Managed Security Services

Building and maintaining your own Security Operations Center (SOC) can be an expensive and difficult thing to do. Evaluating the costs of building your own SOC or outsourcing the operation to a partner like Proficio as a fully managed “SOC as a Service” is an important step in building out a cybersecurity program.

The costs of building and maintaining your own SOC can add up quickly and include:

  • Hiring, training and retaining security engineers and other key staff.
  • Purchasing and maintaining a SIEM and other essential software and hardware.
  • Keeping up to date with how to respond to the latest cyber threats.

In addition to the cost of the technology and other resources needed to build your own SOC, there are ongoing concerns about staffing your cybersecurity operations. Cybersecurity is an increasingly competitive space, so qualified personnel can be hard to keep on your company payroll.

In many cases, it’s more affordable and a better value to “Rent a SOC” from a managed security services provider (MSSP).
 

Build or managed Siem: By the numbers

Build in house*

  • Annual Personnel: $69,000
  • Annual Process/Operational Costs: $22,000
  • Annual Technology/Services Costs: $115,000
  • Total First-Year Cost: $1.1 million
  • Total Annual Recurring Costs: $1 million
  • Total 3-Year Cost of Ownership: $3.2 million

Hybrid soc service

  • Annual Personnel: $0
  • Annual Process/Operational Costs: $0
  • Annual Technology/services Costs: $476,650
  • Total First-Year Cost: $476,650
  • Total Annual Recurring Costs: $476,650
  • Total 3-Year Cost: $1.4 million

*Actual costs from an insurance services organization

Proficio helps me sleep better at night.