Trying to convince SecOps teams they need more data is like trying to convince a drowning person they need more water. SecOps teams are so overwhelmed they can’t even respond to 67% of the alerts they receive. On average, SecOps teams receive 4,484 alerts per day and spend over three hours per day manually triaging the alerts, costing $3.3 billion annually in the US alone.

A typical security operations centre (SOC) has three core costs: People, data and tools. The total cost of these will vary dramatically based on factors like how many endpoints and users are in your environment and the number of SOC team members you need. Various SOC cost calculators available online put the cost of building a SOC for a 1000-user environment at upwards of £2 million per annum.

Today, cybersecurity companies are in a never-ending race against cyber criminals, each seeking innovative new tactics to outpace the other. The newfound accessibility of generative artificial intelligence (gen AI) has revolutionized how people work, but it's also made threat actors more efficient. Attackers can now quickly create phishing messages or automate vulnerability discoveries.