With our increasingly heavy reliance on digital technology, small- and medium-sized businesses (SMBs) live in a world defined more by limits than options.
They know cybersecurity is vital, but it's become impossibly complex for them to manage on their own. Their IT departments must keep the network running, the remote and hybrid workers connected, the employees trained, and their apps licensed, updated, and accessible.
They must do all this while protecting their data from the constant threat of cyberattacks 24/7/365. This last mission is the most worrisome for any SMB. An enterprise organization has the budget and the resources to mount and maintain its own Security Operations Center (SOC). At the same time, SMBs face the same hazards but are forced to do it at a fraction of the cost.
What Does a SOC Cost?
The amount of money that many businesses spend on cybersecurity services varies. Recent data from the Hiscox Cyber Readiness Report shows the average organization now devotes up to 21% of its IT budget to cybersecurity.
Building and running a fundamental in-house SOC that provides mostly threat detection with limited threat hunting and no proactive response can cost an SMB well over a million dollars and take up to a year to achieve steady operations. And that won’t be backed by analysts, labs, and data scientists, resulting in limited cybersecurity capabilities.
Organizations that want an advanced SOC with tooling, workflow automation, and threat intelligence feeds should expect to pay roughly five times that amount and take anywhere from 18 to 24 months to set up, start operations, and achieve maturity.
SMB Cybersecurity Delivered as a Service
There is an alternative to spending $5 million a year to get the protection an advanced SOC provides. For SMBs with limited resources to protect against unlimited threats, partners can give around-the-clock cybersecurity solutions custom-tailored for SMBs at a fraction of the cost in a fraction of the time.
Give your customers an instant SOC with Sophos MDR – cybersecurity delivered as a service with 24/7 ransomware and breach prevention services.
The cost of a comprehensive cybersecurity program is a small price to pay for the peace of mind that your customers will get, knowing their company is better protected with Sophos MDR watching the house for them.
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