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Seven Steps to Building Your SOC Develop your security operations center strategy. Design your SOC solution. Create processes, procedures, and training. Prepare your environment. Implement your solution. Deploy end-to-end use cases. Maintain and evolve your solution.

Factor in the cost of the software, hardware, and training they need to effectively do their job and you're looking at anywhere from $2 million to $7 million annually.

The Costs of a SOC For a traditional SOC, organizations should expect to hire a minimum of five security analysts. Even if organizations employ junior team members to monitor the SOC, they should expect to budget a minimum of $500,000 for these analysts alone.

SOC tools encompass a range of functionalities like data collection and analysis, security incident management, vulnerability management, behavioral monitoring etc.

SOC as a Service, also known as a managed SOC, allows organizations to outsource threat detection and incident response activities to a third-party provider. The idea of a managed SOC is to provide the same capabilities of an internal Security Operations Center (SOC) as a subscription-based cloud service.

Minimum costs for outsourced cyber security services start around $2,000 - $3,500 per month and go up from there.

That's why intrusion detection systems (IDS) are considered one of the ?must-have? SOC tools for identifying known attacks and known attacker activity. The keyword is ?known.? On-premises, IDS operate based on correlation rules that detect known patterns of suspicious activity using unique intrusion signatures.

Compared to the in-house SOC option, the cost-value benefit of an outsourced SOC is immense, with most SOC-as-a-Service prices starting anywhere from $75 to $250 per user. It's also worth noting that, in order to catch all potential cyber threats in a network, external SOCs need to perform 24/7 monitoring.