In this scenario, the financial outlay would be EUR 710,000 for the first year and EUR 410,000 for the second.
Besides the costs: you need time!
“A fool with a tool is still a fool” is a saying that is particularly worth bearing in mind when thinking about security to avoid creating a false sense of security. The key factors for success include “time” (as a resource) and a proper focus on SOC set-up and operation. In the end, everything must work out to a T, if worst comes to worst.
Compared to SOC as a Service
External service providers usually bring along all necessary tools and experts as well as established processes, which fully covers SOC operation. Customers choose the required risk detection modules and the intervals in which experts become active: in this example, we assume that daily analyses will be performed.
As a rule, there are no purchasing costs, but a “set-up fee” that covers all initial expenses. The work of the external SOC is demonstrated in a trial phase (Proof of Concept, POC).