Staying Compliant: Key Regulations a Managed SOC Service Will Address
Cyber security regulations are becoming increasingly complex. The evolution of more complex threats has forced regulators to require businesses to tighten up their defences. Cyber security is no longer a nice-to-have — it’s a regulatory necessity. A Security Operations Centre (SOC) is vital in achieving and maintaining compliance, and acts as the frontline defence against any potential cyberattacks.
A managed SOC — where an external company manages the SOC for your business — can support businesses in adhering to new regulatory demands without stressing internal resources or requiring huge internal investment to set up an in-house SOC.
Let’s examine some of the most recent regulatory changes, and see how a managed SOC can help you stay compliant, avoid financial penalties, and ultimately improve your clients, customers, and stakeholders’ trust in your organisation.
DORA: Key Compliance Regulations
The Digital Operational Resilience Act (DORA) is a regulatory framework that’s been designed to ensure financial service businesses and their supply chains can withstand, react to, and recover from operational disruptions and cyber threats. It demands a proactive approach to managing potential risks, allowing organisations to maintain their operations even when subjected to attempted cyberattacks.
Finance institutions are required to implement comprehensive risk strategies and enable strict testing in order to highlight any potential vulnerabilities before attackers can exploit them. Continuity planning and strong incident response protocols are also vital to meeting requirements. Continuous reporting is the backbone of DORA, facilitating real-time assessments of threats to mitigate their potential impacts.
Adhering to DORA is mandatory for businesses to remain regulatorily compliant, as it safeguards against both financial and reputational damage in an era of escalating cyber threats. Strengthening your compliance not only helps your organisation avoid financial penalties, it also assures clients, regulators, and stakeholders that you’re a business that takes its security posture seriously, further developing trust in your company.
However, keeping on top of operational requirements can be a difficult proposition for many businesses. This is where a managed SOC can assist financial service businesses in meeting DORA requirements, with around-the-clock monitoring and rapid incident response keeping you compliant with regulations and safe from all threats.
NIS2: Strengthening Cyber Security in Critical Services
The NIS2 directive is a set of EU-wide regulations that focus on strengthening the cyber security framework for critical infrastructure sectors such as transport, healthcare, and energy due to their critical importance for public and national security. It has specific requirements and obligations around the swift reporting of significant cyber incidents. This ensures a rapid response to threats and the minimising of any major disruptions. Critical National Infrastructure (CNI) businesses are also required to maintain robust and reliable network systems, including implementing rigorous security protocols and detailed contingency plans.
These measures allow organisations to address any potential vulnerabilities that could compromise operations arising from cyber risks. NIS2 not only ensures a high level of cyber resilience but also fosters a strong culture of proactiveness when it comes to cyber security. As cyber threats grow ever more sophisticated, this will help to ensure that critical infrastructure can stay operational despite the threats. Compliance with NIS2 is therefore more than merely an issue of meeting regulations, but rather a matter of national stability.
Considering the importance of compliance with NIS2, a managed SOC can help CNI businesses comply with cybersecurity mandates — particularly around security monitoring, operational resilience, and incident response and reporting. Investing in a managed SOC will ultimately lead to stronger business continuity by detecting and responding to threats proactively, preventing them from ever escalating into a full-scale breach.
How a Managed SOC Helps Your Business Stay Compliant
A managed SOC provides businesses with continuous monitoring and expert incident management, eliminating the need for costly internal SOC development. It offers a comprehensive solution for meeting regulatory requirements, including those outlined by DORA and NIS2.
Not only does a managed SOC help with compliance, but it also ensures that security measures are always on, proactively protecting confidential and important data from constantly evolving threats. A managed SOC has the ability to leverage advanced threat intelligence technologies, streamlining the detection of and response to incidents while also speeding up reporting.
This 24/7 SOC service significantly enhances security, while relieving organisations of the operational burden. Businesses gain access to the highest level of security and technology, at a fraction of the cost it would take to deliver this in-house. It’s a cost-effective way for businesses to access enterprise-level compliance and cybersecurity capabilities without the need to build out costly internal teams.
Ensuring Long-Term Compliance with DigitalXRAID
Partnering with a managed SOC service is a brilliant way to ensure ongoing compliance with ever-evolving regulatory requirements. At DigitalXRAID, we offer a bespoke approach that’s built around your specific business needs. Our managed SOC service offers businesses the critical security monitoring and incident response capabilities required to meet the strict demands of the latest regulations, while also providing the detailed reporting necessary to demonstrate your compliance.
As regulations shift, we can help you navigate the changes, ensuring that your organisation remains aligned with changing legal and cyber security landscapes without any disruption. We also help you maintain comprehensive incident documentation and audit trails, allowing you to meet the strict standards being enforced at both national and global levels. When regulatory reviews come around, a managed SOC is invaluable in collating this information.
Moving beyond regulatory compliance, a managed SOC also helps protect organisations from cyberattacks. This not only safeguards their long-term security posture but also dramatically reduces the risk of any financial penalties or reputational damage due to non-compliance.
At DigitalXRAID, we go beyond conventional security. Our tailored solutions and continued dedication to excellence and vigilance will help protect your business into the future, while ensuring you stay compliant in a constantly shifting regulatory environment.
Protecting Your Business with DigitalXRAID’s Managed SOC Service
Regulations like DORA and NIS2 ultimately help protect your business, so compliance with them — while still a regulatory requirement — simply makes good sense from a security posture perspective. However, keeping up with compliance while also ensuring your firm remains safe from evolving threats can take significant time, effort, and investment. A managed SOC relieves your organisation of these burdens, helping you manage compliance and security with ease.
Get in touch with our expert team at DigitalXRAID today to discuss your business needs and how we can support you. Reach out now, and take control of your organisation’s security to safeguard it for years to come.
