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Why Every Business Needs a SIEM Tool for Effective Cyber Security

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A cyber attack can be devastating for your business. It can lead to a loss of productivity and downtime and damage your brand’s reputation. SIEM helps security teams avoid these pitfalls by detecting threats and helping to mitigate them quickly. It also aids in effective compliance management, saving businesses from costly breaches and hefty fines.

Advanced Threat Detection

Security information and event management (SIEM) tools monitor and analyze log data to identify threats and detect suspicious activity. These tools combine information from end-user devices, servers, network infrastructure, and security devices into a centralized platform for easy access and monitoring. SIEM tools also sort through the massive volume of data to produce insightful intelligence, which can then be used to detect and respond to security threats. Correlating data from many systems in real time allows security teams to more accurately determine what is happening and reduce the time it takes to respond to threats. Using advanced machine learning and artificial intelligence, SIEM tools in cyber security create detailed patterns of events that can reveal attack paths, entry points, affected files, programs, and systems. This helps security teams quickly pinpoint the locations of the attack and where it might be causing damage to the company’s network. Next-generation SIEM solutions are expected to incorporate advanced threat intelligence capabilities to enhance their ability to detect threats. The escalating number of threats requires more advanced tools to help security teams prioritize issues and provide the right alerts to the most relevant people.

Real-time Monitoring

Cyber security constantly evolves, and it’s impossible to predict when your business will be attacked. This makes it essential to have a strong SIEM system for adequate cyber security. A good SIEM solution should be able to collect telemetry in real time for use cases such as threat detection, incident response, and compliance. It should also be able to analyze the telemetry for actionable alerts and other flagged activities. Moreover, it should provide you with detailed reports about your network activity. These reports will help you respond to attacks sooner and contain them effectively. Today’s SIEMs can perform various tasks, including data collection and storage, policy management and analysis, and reporting. They have advanced capabilities, such as behavioral analytics, to help security teams identify threats. Some even offer automated response capabilities that can disrupt cyberattacks in progress. These technologies are designed to reduce the stress on IT professionals and give them more time to focus on serious threats.

Automated Response

SIEM tools are a crucial component of any effective cybersecurity strategy. They aggregate and sort through millions of data points in real-time to produce insightful intelligence about your network, servers, users, and other entities. This ability to process large amounts of information quickly, without error, allows you to respond in real-time to attacks. It also provides a more unified view of your network infrastructure and other resources and enables you to add context to threats and events. A SIEM solution also automatically flags suspicious behavior by verified users. For example, suppose someone in your organization suddenly accesses high-value data from an unknown location or an unfamiliar device. In that case, your security tool will automatically surface these events as high-priority alerts so you can immediately take action. These alerts are then fed into your other cybersecurity tools (firewalls, endpoint protection, mobile device management) for additional analysis and mitigation. This can reduce the damage that a breach can cause.

Reporting

SIEM tools are critical to cyber security because they aggregate data from various sources and systems within an organization’s IT infrastructure. This enables cybersecurity experts to understand their systems’ use and where vulnerabilities may exist. A SIEM solution is a centralized platform that collects log data from multiple hosts and combines it into a uniform format to identify connections and patterns that can help security teams respond to threats more effectively. This enables security teams to monitor all business areas and identify potential risks before they cause damage or disruption. The SIEM solution also allows security experts to quickly compile and analyze logs, reducing the time it takes to discover a threat or determine whether a security incident is legitimate. This can also help companies meet their compliance requirements for GDPR, PCI-DSS, HIPAA, SOX, and NERC regulations. As your organization grows and a new set of applications, users, devices, and data comes online, choosing a SIEM tool that can scale with you is crucial. This means a system that can pre-filter data, reduce the load on the master database and accommodate hybrid environments.

Scalability

The ability to scale a SIEM tool is crucial for adequate cyber security. As your business grows, you need to be able to expand the capabilities of your tool and add staff as needed to maintain its performance and functionality. Scalability is also crucial to ensuring an agency can handle the ever-growing amounts of data it must collect and analyze in real time. The best SIEMs can aggregate and analyze data from servers, network devices, applications, cloud services, authentication and authorization systems, and online databases of existing vulnerabilities and threats. Another way to ensure scalability is to choose an artificial intelligence tool to reduce false positives and provide risk assessments. AI learns from event data and how security teams respond to it, lowering the number of alerts generated when employees enter the wrong passwords or accidentally create loopholes in your network. Choosing the right SIEM for your organization requires a solid understanding of your needs and objectives. Establishing key success metrics, such as reducing data theft or improving the detection of potential breaches or insider threats, can help you decide which features to prioritize.  

READ MORE: WHAT IS STRATEGIC SOURCING SOFTWARE?

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