Cybercrime costs the U.S. economy some $100 billion a year, according to the Center for Strategic and International Studies. And the threats only grow more intense, while at the same time, regulatory and compliance issues grow more complex. Economic uncertainty and the Cybersecurity Information Sharing Act signed into law in December cloud the revenue outlook for public and private sector institutions, alike.

Government agencies and corporations face the same challenge: How to manage those security risks without breaking the bank.

Increasingly, that means going outside organizational boundaries for some or all of your cyber defenses. Though buying cyber security as a service (CSaaS) is not new, what’s changing is who offers those services. Government agencies have long relied on contractors to manage or support their Security Operations Centers (SOCs) but now, commercial customers are accessing that same expertise on a pay-as-you-go basis.

Buying cyber security as a service (CSaaS) and, in particular, hiring others to do the work of a SOC, can help smaller and mid-size institutions access a broader range of knowledge and experience, gain a higher-fidelity picture of their cyber landscape and conserve resources…

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