Samir Karnik, Regional Director for India West, Cyberbit, conducted a webinar on the Next-Gen SOC, led by co-presenter’s Shiv Kumar Pandey, CISO, Bombay Stock Exchange (BSE), and Oren Aspir, CTO, Cyberbit.

Pandey began his presentation with an overview of the BSE, its key SOC challenges, and its SOC technology landscape. Pandey then reviewed the key elements containing in the Next-Gen SOC.

Aspir covered common SOC challenges in financial institutions. Most security experts have no real on-the-job experience with cyberattacks, less than 30% of organizations perform IR exercises as a routine, and less than 30% of analysts believe that they can fully utilize their security technologies. A lack of orchestration and automation is another challenge Aspir identified.

Can too many tools be a problem? Aspir mentioned that many cyber analysts are experiencing vendor fatigue with too many cybersecurity tools at their disposal, but with a large percentage of these tools going unused. Another issue: financial security managers are sifting through thousands of security alerts daily.

Aspir next walked through solutions to these problems, from how to approach training for SOC teams, to employing the Cyberbit Range Platform. Aspir then discussed why SOAR is becoming a key priority for the next-gen SOC.

Aspir capped his portion of the webinar with how next-gen SOCs should approach endpoint detection and reviewing the benefits of Cyberbit EDR for financial institutions.