Security Information and Event Management (SIEM)  by Simply Secures, Steven Gross.

Head of Technical at Simply Secure, Steven Gross, is a cybersecurity expert with over 20 years of experience. He’s skilled in delivering end-to-end solutions, so we sat down for a chat about (SIEM) and how it can help your business.

What is SIEM?

SIEM is essentially a software tool that combines the capabilities of two cybersecurity solutions, Security Event Management (SEM) and Security Information Management (SIM). It captures data events, and stores and manages the information. It provides greater visibility, enabling your cybersecurity team to detect potential threats.

SIEMs can provide a variety of services, depending on the needs of your business. Services include log and event management, threat detection, security alerts, and regulatory requirements.

 

Why is SIEM important?

In business, we work with and create large amounts of data every day. This big data has become more significant and near impossible for individuals to manage without help. With big data, it can be tough to spot anomalies or evaluate risk, so companies use SIEM systems to monitor, log, and report suspicious events.

SIEM software can identify and categorize events from large data to pinpoint potential threats quickly. It provides real-time analysis of security alerts generated by applications and network hardware. In short, your cybersecurity team gains better visibility and the ability to respond to threats quickly.

 

What type of threats can SIEM detect?

The threat landscape is continually changing, but here are some of the major ones.

  • Insider Threat Detection

An insider threat could be an unknowing employee targeted by a malicious email or a disgruntled employee with malicious intent. We’re seeing an increase in targeted attacks against employees spreading Malware to hold your data ransom.

  • Compliance and Regulatory Adherence

Poor adherence to regulatory requirements can leave your business wide open. SIEMs will monitor compliance frameworks to ensure the latest rules and regulations are followed. It will also provide an audit trail so your business can provide evidence of compliance.

  • Advances Security

SIEMs can provide real-time threat detection. An example would be an alert when a virus or malware is detected, or give an early warning alert for brute force attacks, password guessing.

 

What are the key capabilities of SIEM?

A robust SIEM solution will deliver many benefits, but here are some of the important ones.

  • Compliance

Compliance is a hot topic, and SIEM reporting capabilities have expanded to meet the demands. Compliance and regulatory requirements bind almost all businesses. It can be a daunting and impossible task for business owners to manage without help.

SIEMs provide audit support to make sure that regulatory requirements are met. An example would be gathering data and recording it for SOX audit. Also, SIEMs provide log collection infrastructure to access recent log data, as well as archival and retrieval of older log data.

A SIEM can identify which IT systems are in compliance with internal policies and standards, and alert about violations in real-time and create compliance and regulatory reports.

  • Log Management

Log management provides the ability to manage and process vast amounts of data. Log data is the digital fingerprint of all activity that occurs across a network. Every action we do leaves a data trail behind. This data contains valuable information such as user activity, data traffic flow records, and autonomous functions.

Having the ability to look at data from many sources makes spotting potential threats easier. For business SIEM, your log management will allow better visibility and faster search functions.

Additionally, log management offers data storage, compression, and encryption, further securing your data and providing a clear audit trail when needed.

  • Data Storage

We know that we’re generating more data, so it’s no surprise that we need help to store it securely. SIEM offers storage compression and encryption.

  • Threat Detection Alerts

SIEM can connect your cybersecurity team to multiple threat intelligence feeds. These keep your enterprise up-to-date with the latest information and threats affecting your industry.

 

SIEMs through MSPs

SIEMs can be costly to manage and may require 24/7 monitoring for peace of mind. Hiring a skilled MSP like Simply Secure can help to keep costs down by enabling clients to pay for a fraction of the team while providing highly qualified security professionals who monitor, identify and respond to threats real-time. As cybersecurity experts, this is what we do best!

Steven Gross and the experts at Simply Secure are industry certified professionals, delivering cybersecurity solutions in the Miami – Fort Lauderdale area. For more information about SIEM solutions for your business contact the Simply Secure team at: 15613324844.