Newly Released Study Indicates That Inability to Secure Budget and Attract Skilled Staff are Among Top Barriers to Success for Security Operations Teams
SANTA CLARA, CA – Micro Focus (LSE: MCRO; NYSE: MFGP) today announced its 2019 State of Security Operations Update, which reveals the latest trends, success factors, and best practices for security operations (SecOps) teams. This report builds on intelligence gathered by the Micro Focus Security Intelligence and Operations Consulting team, who, since 2008 have assessed the capability and maturity of more than 150 discrete SOCs across 33 countries on six continents. The report indicates that SecOps continues to grow in importance but is evolving as market dynamics change.
Data breach reports have increased by more than 50 percent since 2018i and Micro Focus' latest research indicates that there is a gap across Security Operation Centers (SOCs) globally in how best to protect organizations from bad actors that are employing increasingly sophisticated tactics to access high-value information and systems from both inside and outside of their organizations.
"With 4.1 billion compromised records exposed in more than 3,800 publicly disclosed breaches in just the first six months, 2019 is on course to be a record-setting year for data breaches," said Michael Mychalczuk, Director of Product Management, Security Operations at Micro Focus. "Our assessment of top-performing SOCs reflects that, as with any challenge, you should start with the basics. Establish a strong foundation with a proven security information and event management (SIEM) system, well-trained people, standardized processes, and clear business alignment."
Key observations include:
As threats evolve, so too must cyber defense capabilities. Looking to the future, organizations must begin building next-generation SOCs. These mature SOCs will employ an arsenal that will not only include core capabilities such as log and security event management, but will also integrate threat hunting, AI and ML, UEBA, SOAR and other advanced technologies that will close defensive gaps and improve efficiency in detection, investigation and response.
The Micro Focus 2019 State of Security Operations Update is available today.
i Source: Cyber Risk Analytics: 2019 Midyear QuickView Data Breach Report,” Cyber Risk Analytics, July 2019
ii Source: Common and Best Practices for Security Operations Centers: Results of the 2019 SOC Survey,” Chris Crowley and John Pescatore, July 2019
iii Source: Improving the Effectiveness of the Security Operations Center,” Ponemon Institute LLC, June 2019
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Micro Focus helps organizations run and transform their business through four core areas of digital transformation: Enterprise DevOps, Hybrid IT Management, Predictive Analytics and Security, Risk & Governance. Driven by customer-centric innovation, our software provides the critical tools they need to build, operate, secure, and analyze the enterprise. By design, these tools bridge the gap between existing and emerging technologies—enabling faster innovation, with less risk, in the race to digital transformation.
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