1 / 7

What is SOC and why do banks need SOC-as-a-Service?

With the ever-increasing cyber threats banks have to face these days, SOC-as-a-Service can come to the rescue.

manoharparakh
Download Presentation

What is SOC and why do banks need SOC-as-a-Service?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Security Operations Center [SOC] The Need for SOC-as-a-Service in Banks

  2. What is SOC? Security Operation Center (SOC) basically monitors, detects, analyses and responds to any cyber threat round the clock. SOC teams take the responsibility to shield an organization’s network from any malicious activities and security breaches. SOCs nowadays have become more of a distributed models, helping the organizations to optimize the use of existing security resources

  3. SOC-as-a-Service It’s a cloud-based model where the service provider hosts SOC infrastructure and supports SOC operations. This eliminates the need for the organizations to invest in building such infrastructures. Its need in the Banking Sector The BFSI sector is the skeleton of a country’s economy hence its also highly prone to security breaches. SOC service providers ensure a round the clock monitoring of the network and makes the banks compliant to the necessary regulations. This reduces the chances of data breach and elevates customer’s trust.

  4. Benefits of SOC-as-a-Service Improved Security Staffing Lower Total Cost of Ownership 24/7 monitoring of security events Increased Security Maturity Compliance Management Up-to-Date Security

  5. Some Challenges: • Enterprise Data Security- For effective actions to take place against • security threats, organizations need to give access to their sensitive • data to the SOC-as-a-service providers. This could be risky. • On boarding Process- The security solutions provided by the Managed SOC • providers need to be configured within the customer’s environment. This on-boarding • process is time-consuming. Data is left vulnerable during this transition. • Regulatory Considerations- With increasing rates of cyber attacks happening in • various new ways, businesses need to comply with the ever-updating regulations. • Use of third-party provider to mean that it would have to be trusted to fulfil such duty.

  6. ESDS SOC Services By now it must be clear that your organizations needs SOC. Our SOC Services vow to protect your data against all cyber attacks. By availing our services, you get:

  7. THANK YOU

More Related