The Shocking Truth of SOAR Securing BFSI Faster
(BFSI, SOAR) Today, in the world of BFSI banking, insurance, and financial services, cybersecurity is not just a technical requirement; it’s a business-critical function. Every second counts when a threat arises; therefore, any delay in response can lead to data breaches, reputational damage, financial loss, or regulatory penalties.
That’s why SOAR (security, orchestration, automation, and response) has become an important tool for BFSI organizations. In fact, SOAR doesn’t just monitor threats; instead, it helps security operations centers (SOCs) respond to them faster, smarter, and more efficiently. As a result, BFSI institutions can minimize risks while strengthening their overall cyber resilience.
In this blog, we explore how SOAR helps BFSI organizations improve threat detection, streamline incident response, and reduce the impact of cyberattacks.
What is SOAR in the Context of BFSI?
Let’s first understand the basics. SOAR is a combination of tools and processes that integrate threat intelligence, automate responses, and orchestrate actions across different security systems. For BFSI organizations that handle sensitive financial data. Also, capabilities SOAR is the prioritization of potential threats, assessing potential impact, and also responding to the threats accordingly.
Those capabilities include a number of things:
- Security automation and orchestration establish a solid foundation built on best practices.
- The security incident response platform enables teams to create scalable, repeatable procedures and orchestrate responses effectively.
- Teams use threat intelligence to anticipate risks, prioritize quickly, and verify resolution after an incident.
According to the Reserve Bank of India’s (RBI) 2023–24 Currency and Finance report, the average cost of data breaches in India was $2.18 million in 2023, a 28% rise since 2020.
According to the survey, the average cost of a data breach in India was still lower than the global average. Phishing assaults accounted for 22% of all attacks in India, while stolen or compromised credentials accounted for 16%.
How SOAR is different from SIEM
A security information and event management (SIEM) system gathers, examines, and stores security-related data, such as firewall logs, network device information, and trends that may indicate a cyberattack. However, SIEM technologies often require calibration and supervision to validate the accuracy of this data and prioritize critical events. As a result, managing SIEM platforms can become time-consuming and resource-intensive.
In contrast, SOAR (Security Orchestration, Automation, and Response) platforms automate much of this process. They quickly determine whether a security event is a false positive or a real incident that needs investigation. Therefore, security teams can dedicate their time to higher-value activities such as investigating and mitigating confirmed threats. Ultimately, SOAR reduces manual effort, accelerates response times and strengthens overall cyber resilience.
10 Key Ways SOAR Helps BFSI Institutions Respond to Cyber Threats Faster
1. Real-Time Threat Detection
SOAR platforms enable real-time correlation & analysis of security alerts from various tools like SIEM, firewalls, endpoint solutions, and many more. By collecting data from multiple sources, SOAR helps in better identification of indicators of compromise.
2. Automated Incident Triage & Protection
Security analysts in banks often deal with thousands of alerts daily. SOAR automates the process identifying alerts based on severity, threat score, and asset value.
3. Rapid Incident Response Workflow
One a threat is identified, SOAR, can execute predefined playbooks to respond immediately, isolating endpoints, resetting credentials, or blocking IP address without human intervention.
4. Unified Security Operations Across Teams
In BFSI, cybersecurity, risk, compliance, and IT Teams often work in silos. SOAR centralizes these functions by offering a common platform to collaborate, track incidents, and manage responses.
5. Compliance-Ready Documentation & Reporting
Banks and financial institutions must comply with stringent regulations like RBI guidelines, PCI DSS, and ISO. SOAR keeps a detailed audit trail of every action taken during an incident.
6. Integration with Existing Security Tools
SOAR integrates seamlessly with existing tools such as SIEMs, endpoint protection platforms, identify access management (IAM), and more.
7. Reduced Mean Time to Detect (MTTD) and Respond (MTTR)
Time is everything in cybersecurity. SOAR helps BFSI institutions cut down MTTD and MTTR. Minimizing the window of vulnerability.
8. Enhanced Threat Intelligence Usage
SOAR platforms can consume threat intelligence feeds and automatically correlate new data with existing alerts. This allows BFSI institutions to take proactive action based on the latest threat.
9. Stop Chasing Ghost Alerts
Sometimes, false positives are a major bottleneck in BFSI SOCs. SOAR continuously learns from past alerts and analyst to its filtering and scoring.
10. Cost Optimization & Resource Efficiency
In the BFSI Sector, a single data breach can erode years of customer trust. By ensuring faster response to incidents, SOAR not only protects customer data but also reinforces confidence in your security measures.
Why Choose ESDS for SOAR Services in BFSI?
At ESDS, we provide services using the advanced SOAR solutions tailored for the BFSI sector. Our Services helps your business with: –
- We provide centralized visibility into security events, allowing rapid investigation and remediation of threats.
- Providing our customers with a Tier 3 cloud infrastructure.
- Eagle Eye Services, which is a subscription-based cyber security monitoring service.
- VPN solutions for remote access of data.
- securing the digital identity of businesses with enhanced web security.
With ESDS, you gain not just a solution—you get services like SIEM integration, Advanced threat detection, managed security & incident response management, security operations automation, and managed security orchestration.
Explore how ESDS SOAR Services are helping BFSI institutions reduce incident response times, improve regulatory compliance, and streamline security operations without overhauling their existing infrastructure.
Final Thoughts: The Future of Threat Response in BFSI Is Automated
The Cyber threat landscape is evolving, and so must your response strategies. Traditional SOC models, no matter how well-staffed, are not enough to keep up with the speed and scale of modern attacks. SOAR is the bridge between detection and action, enabling BFSI organizations to move from reactive to proactive cybersecurity.
For financial institutions that demand agility, compliance, and customer trust, SOAR is no longer optional; it’s essential
FAQ Section
How does ESDS SOAR help reduce response time to cyber threats?
ESDS SOAR automates the detection, analysis, and response process using pre-built playbooks and real-time orchestration.
Can ESDS SOAR integrate with our existing security tools and infrastructure?
Yes. ESDS SOAR is designed for seamless integration with existing SIEMs, firewalls, endpoint protection platforms, and other security tools.
What makes ESDS SOAR Suitable for BFSI Institutions?
ESDS SOAR offers BFSI-specific capabilities like automated compliance reporting, real-time threat correlation, and tailored incident playbooks.
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