Barely a few decades old, the information security profession is nascent when compared to many other professions such as the legal or medical professions, both with origins tracing back to ancient Greco-Roman empires. Centuries old, these professions have not only established standard norms of behavior and performance, they have also matured a standard taxonomy which has been essential for the evolution of these professions, as progress cannot be achieved without a “common understanding”. In contrast, very few standard terms of reference have been defined within our security profession. The purpose of this brief is to propose a standard taxonomy of key terms and best practices workflow to optimize modern Security Operations Centers (SOCs).