Identifying gaps in a bank’s SOC team capabilities is crucial for maintaining strong security measures. Bringing in a third-party assessor to benchmark against industry standards can help pinpoint areas needing improvement. Penetration testing and red teaming are also essential for uncovering weaknesses in security posture from an attacker’s perspective. In-house teams should conduct routine testing to stay ahead of new threats, while external assessments should be planned quarterly or biannually to ensure comprehensive security checks.
When Should a Bank Reskill or Restructure Its SOC Team?
Having core documentation and repeatable processes in place is fundamental for a bank’s SOC team. If procedures are not consistent when responding to alerts, it may indicate the need for reskilling or reprioritization. As automation becomes more prevalent, SOC team members must adapt to new skill sets, such as fluency in automation and programming. Analyzing the amount of manual work done by analysts can reveal opportunities for automation, requiring the team to have the necessary skills to implement these changes effectively.
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