Cutting Costs, Not Corners: Why Your Business Needs GSOCaaS

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Futurism Technologies

October 8, 2024 - 6.2K
5 Min Read

Cutting Costs, Not Corners: Why Your Business Needs GSOCaaS

In an era where cyber and physical threats are rapidly evolving, businesses are more focused than ever on safeguarding their assets, employees, and data. With the average security budget surpassing $4 million annually, many might assume that these investments are enough to significantly mitigate risks. However, PwC’s research indicates that large-scale losses exceeding $10 million are, in fact, on the rise. This paradox highlights a glaring issue: despite heavy spending on security systems, organizations remain exposed to massive liabilities. Traditional security methods often fall short due to inadequate integration, lack of real-time responsiveness, and inefficient resource allocation.

Source: IT Governance USA

Why Traditional Security Measures Fall Short

Many businesses continue to rely on a patchwork of physical security measures—guards, video surveillance, and access controls—without considering the need for effective management, integration, and strategy. Much like a high-performance car that needs a skilled driver and regular maintenance to deliver results, security tools require trained personnel, real-time data interpretation, and seamless integration to work efficiently. Without a cohesive strategy, businesses remain vulnerable despite their investments.

The Hidden Costs of Running an In-House Security Operations Center (SOC)

Running an in-house SOC is a financial and logistical challenge. For a company of 500 employees, annual costs can range from $225,200 to $381,600, depending on personnel and infrastructure requirements. When scaling up to 3,000 employees, costs balloon to between $437,200 and $893,600. These figures only account for operational expenses and do not include the initial capital outlay to build the SOC infrastructure.

DescriptionCompany SizeCost Range         Details
  Running In-House SOC  500  $225,200 – $381,600 annuallyIncludes salaries of skilled staff and training investments; excludes initial build cost of SOC.
  Additional Infrastructure Costs  500  $12,000 – $50,000 annuallyCosts for networking, phone, radio, system maintenance add to the overall expense.
  Scaling to Larger SOC         3,000  $437,200 – $893,600 annuallySignificant increase due to scaling up staff, training, and infrastructure requirements.  

Apart from financial implications, businesses must grapple with the challenge of hiring and retaining specialized security personnel. Maintaining a 24/7 SOC demands multiple shifts of operators, supervisors, and on-call support, which further compounds costs. Add infrastructure costs, such as networking, phone systems, and equipment maintenance, and the financial burden can quickly spiral out of control.

Enter G-SOC as a Service (GSOCaaS): A Smarter, Leaner Approach

Given these challenges, Global Security Operations Centers as a Service (GSOCaaS) provide a streamlined, cost-effective alternative. Instead of bearing the full weight of managing a complex security setup, businesses can outsource these operations to a managed service provider. GSOCaaS offers a scalable, global security solution at a fraction of the cost, delivering savings of up to $500,000 annually for some organizations.

GSOCaaS works by pooling resources and providing services through a shared model, akin to a “timeshare” for security operations. Companies benefit from cutting-edge infrastructure and expert personnel without the massive financial or logistical overhead of maintaining their own center​.

Source: IBM, Ponemon, RSM US LLP

GSOCaaS vs. In-House SOC: A Cost Comparison

When comparing GSOCaaS to an in-house SOC for a company of 3,000 employees, the financial savings are staggering. While an in-house SOC could cost between $437,200 and $893,600 annually, GSOCaaS offers equivalent coverage for around $233,890. These savings stem from reduced infrastructure costs, elimination of personnel overhead, and inclusion of recurring expenses like system maintenance, network updates, and equipment​.

Beyond cost savings, GSOCaaS offers operational advantages such as access to highly trained professionals, 24/7 monitoring, and advanced technologies like artificial intelligence (AI) and machine learning, which enhance threat detection and response times.

FeatureIn-House SOCGSOCaaSComparison
Infrastructure$200,000 – $500,000               One-time connection appliance cost    GSOCaaS eliminates the need for costly infrastructure.
Personnel$225,200 – $381,600 (one operator per shift, 24/7 coverage)  IncludedGSOCaaS covers all personnel costs, including 24/7 coverage.
Recurring Costs$12,000+ (networking, phone, radio, system maintenance)     IncludedGSOCaaS includes recurring costs, offering financial predictability.
Total Annual Cost               $437,200 – $893,600               $233,890             GSOCaaS provides significant savings on total costs.
Annual Savings   None$203,310 – $659,710               GSOCaaS offers substantial cost savings.
ScalabilityLimited by infrastructure and personnel            Highly scalable to any company size     GSOCaaS easily scales with business growth.
ExpertiseDependent on hiring and training        Access to highly trained, dedicated SOC experts GSOCaaS provides access to top security professionals.
Management Effort               High, requires ongoing oversight             Low, managed by service provider GSOCaaS reduces management burden and complexity.
FlexibilityFixed, less adaptable to changesFlexible, easily adapts to changing needs               GSOCaaS offers greater flexibility and adaptability.
Peace of Mind    Varies with internal capabilities          High, with expert operators 24/7   GSOCaaS ensures reliable, around-the-clock security.  

Beyond Alarm Monitoring: The Full Spectrum of GSOCaaS Services

GSOCaaS provides much more than simple alarm monitoring. Services range from system audits, advanced IAM, incident management, and employee assistance to advanced video analytics and proactive threat intelligence. This comprehensive suite of services ensures that all aspects of a company’s security needs—from access control to incident response—are handled with precision and expertise​.

Continuous Monitoring

The Human Element: Why Expertise Matters

One key advantage of GSOCaaS is the level of expertise it brings to the table. Staffed by security professionals skilled in interpreting real-time data, GSOCaaS ensures that businesses are always one step ahead of emerging threats. Unlike in-house teams that may struggle with turnover or skill gaps, GSOCaaS operators provide a consistent, high level of security and are well-versed in both physical and cybersecurity disciplines.

Source: World Economic Forum & Fortinet

Scaling Up: The Flexibility of GSOCaaS

As businesses grow, their security needs inevitably increase. Traditional in-house SOCs can struggle to scale efficiently, leading to gaps in coverage. GSOCaaS, on the other hand, is built to be scalable, adapting to the company’s evolving needs without the need for significant new investments in infrastructure or personnel​.

The Future of Security: Why GSOCaaS is Here to Stay

As security threats become more complex, businesses will increasingly turn to GSOCaaS for scalable, cost-effective solutions. With the added benefits of advanced technology, 24/7 monitoring, and access to skilled professionals, GSOCaaS offers not only financial savings but also peace of mind. By outsourcing security operations to experts, companies can focus on their core business while ensuring that their security needs are fully met​.

Investing in GSOCaaS provides a leaner, smarter, and more flexible approach to security. Businesses can save hundreds of thousands of dollars annually while accessing top-tier security services that can scale with their growth. As the future of security evolves, GSOCaaS will be an essential tool for businesses looking to protect their assets without breaking the bank.

By making the shift to GSOCaaS, businesses can achieve better security outcomes while freeing up internal resources to focus on what they do best—growing their operations and serving their customers​.

Looking to ramp up your security strategy without the hefty price tag and complexities of traditional security operations centers? Our Global Security Operations Center (G-SOC) offers scalable, cost-efficient, and expertly managed security solutions that fit seamlessly into your business. Whether you require access control, surveillance, incident response, or comprehensive security management, our G-SOC ensures enhanced protection and peace of mind every step of the way.

Schedule a FREE consultation today!

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