As more enterprises go online, threat detection measures and cyber security tools are becoming increasingly important for preventing delays and downtime. Unfortunately, most cybercriminals are always on the lookout for vulnerable systems, waiting to strike at any given time. That’s where SIEM security comes in.
SIEM stands for Security Information and Event Management, and SIEM products have proven that they play a crucial role in identifying and dealing with potential cyberattacks.
SIEM Software: What is it?
SIEM software offers business security professionals valuable insight into their IT environment, while also providing a track record of activities within a network. SIEM tools are a pivotal component of the IT security ecosystem as well. After aggregating data from different systems, they examine that data to catch potential cyberattacks on your organization.
Usually, these tools have a central hub where events and alerts are collected.
Objectives of SIEM
The platform operates on two primary goals:
1) to send alerts in the event that analysis shows a specific activity goes against predetermined rules–indicating a security breach, and;
2) to give reports on security-related events and incidents (e.g. malware activity, failed and successful logins, and other suspicious activities)
SIEM Security Benefits
SIEM solutions come in different forms; they are available as managed services, devices, or software. The SIEM system is primarily focused on monitoring and managing user activity, as well as business applications.
That said, here are some of the business advantages of SIEM security.
1. 24/7 Network Monitoring
Using SIEM-as-a-Service obliges the third-party vendor to make sure that experts are always there to provide round-the-clock monitoring. You have the assurance that there will be a quick response time to any network threat–meaning there will be little or no damage at all to your network.
2. Cost Savings
The third-party vendor is responsible for deploying and maintaining an organization’s system. They will also be in charge of hiring cyber security experts to help you. That vendor usually receives a fixed fee for these services, and said fee is generally less than the cost of local maintenance and deployment.
3. Cyber Attack Prevention
SIEM systems can identify possible cyber threats by checking the log files from network hosts. When a threat is detected, they can take measures to keep the network from being compromised. The SIEM system can communicate with other security controls in the network–alerting them of the threat so that it will be isolated and neutralized in time.
4. Compliance Assessment
SIEM systems are able to generate reports that give complete details on the effectiveness of companies in complying with important regulations. They can also show the areas where improvement is necessary.
What the Future Holds for SIEM
With the increasing use of cloud and mobile technology, the role of SIEM security will certainly shift within the business market in order to meet evolving company requirements.
Although SIEM security is not something new to us, it’s still worth considering when it comes to introducing new ways to protect and improve your company. In fact, SIEM is expected to be a constant for corporate security and considered a cornerstone by enterprises looking to manage risk reduction now and in the years to come.