Calculating Your Costs

There are three considerations in this "make" versus "buy" decision:

            -  SOC Staffing Costs

            -  Security Infrastructure Costs

            -  Time to Maturity

 

The annual cost of setting up your own 24/7/365 SOC can add up to over $1.2 million when you consider staffing costs, security infrastructure costs, and time to maturity.

DIY SOC Whitepaper Graph (2)

Time is an important consideration; plan on six months to get up and running and twelve to eighteen months to reach maturity.

A sophisticated, fast-moving MSSP excels at detecting, containing, and mitigating threats. MSSPs spend a lot of money on advanced detection and response techniques so their clients don’t have to. Because partnering with an MSSP spreads these costs across multiple clients, an MSSP will cost less than 25% of the annual costs of building your own SOC. Finally, clients immediately benefit from the protection delivered by a mature SOC.

MSSP clients benefit from: 

            -  Payroll savings

            -  Recruitment and hiring costs

            -  Security infrastructure savings

            -  Faster time to maturity

 

Disclaimer: Staffing and security infrastructure costs are based on BlueVoyant experience and estimates. Staffing costs may vary by location and level of experience. Technology costs may vary by vendor selected and purchasing agreements.

DIY SOC Whitepaper Graph (1)

DIY SOC Whitepaper Graph copy

 

WANT TO LEARN MORE?

We have several resources to help you choose the best option for managing your cybersecurity.

 

  • Whitepaper: Build Your Own SOC or Partner - By Travis Mercier, CISSP - Head of Global Security Operations 

  • Calculator: Ransomware Risk Calculator for Estimating Your Total Business Risk Cost.

  • Video: Analyzing the Costs of Staffing and Technology Needed to Build Your Own SOC

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