With GDPR enforcement lurking around the corner, building a foolproof technical infrastructure within your organization is vital. The average cost of a data breach per day is $21,155. This means, in some cases, the failure to comply can knock your business for a financial loop. Security Information and Event Management (SIEM) technology aligned well with your software ecosystem is here to the rescue!
What is SIEM technology?
SIEM is an acronym without which not only your security control system, but also workflow management and tracking processes are in danger. The notion combines security information management (SIM) and security event management (SEM) into one complex approach. An effective security information and event management system includes technologies which collect data from vendors and applications, provide reports and facilitate normalization.
How does SIEM work?
Aggregate data, spot deviations, and solve problems are the three fundamental actions a good SIEM system should execute. Whether you use a system for SEM, SIM, or both, there are basic features you have to consider when adding a SIEM selection to your event planning checklist:
- Real-time data collection and analysis.
- Log management.
- Compliance and access reporting.
- Effective scalability and deployment.
- Normalization and correlation.
How does it work in practice? First, a SIEM system gathers information from servers, network and antivirus systems, end-user devices, etc. At the next stage, this data is forwarded to a centralized console where the verification of security compliance takes place. Last, the system generates reports and alerts if any inconsistencies are identified.
The reasons to use SIEM
If you look at the landscape of any modern IT infrastructure, you see an ocean of cloud-based systems, APIs, and applications that are not easy to control. Using a traditional prevent-and-detect approach can’t accommodate the security up-to-date IT environments require. The key SIEM solution benefit is it helps establish an automated system providing a continuous response to security issues rather than instant responses. Basically, the SIEM approach helps business organizations construct an Adaptive Security Architecture which facilitates continuous visibility. Using SIEM for modern technical infrastructures is reasonable because the system completely automates security compliance and minimizes data breaches.
How to choose the right SIEM solution
From basic cloud-based appliances to virtual software systems, all of the popular SIEM products and vendors have very similar functionality. But, they can work differently depending on the type of infrastructure and organizational goals.
To consolidate your business with the right SIEM platform, pay attention to the following criteria:
- The support of log sources and capability for independent logging. Based on the logs that your company has, look into the strategy of SIEM solutions concerning the support of log sources. It’s not enough to review which log sources are covered by a SIEM; you should also inquire whether the reviewed provider is capable of parsing and processing log sources if your organization acquires new logs. It might be a good idea to cooperate with a SIEM that can compensate for the logging capabilities of your organization, especially if your log sources fail to cover all the necessary information.
- Threat intelligence. The use of a threat intelligence feed by a SIEM impacts how efficiently malicious activities are identified based on the most recent security trends. Investigate how your SIEM uses the feed, how often it is updated, and how a platform responds to an identified threat.
- Licensing policy. To make clever use of your budget and protect your infrastructure from logging breaches, review the licensing policy of the SIEM vendor before making your choice. Some vendors charge by the number of processed events; others indicate the number of days you have before a license expires. Choose the mode that is the most suitable for your organization and budget.
- Artificial Intelligence. Supplementing the effectiveness of your SIEM through deep, machine learning is a great advantage. Explore SIEMs that use AI modules to take your security management performance sky high.
- Search and visualization capabilities. The quality of searches and the levels of visualization a SIEM executes impact your performance. For instance, the capability to create tables, charts, and maps improve reporting.
- Effectiveness of automated responses. The process of providing automated responses to malicious issues makes a direct impact on company infrastructure. Evaluate the timeliness and efficiency of the automated response system when choosing your perfect SIEM.
- Dashboards and reporting. A SIEM system is a principal tool for the identification and analysis of malicious issues. The more intuitive it is, the better. Look for SIEMs that have the capacity for easy reports and dashboard creation to simplify your work.
You’re the one who decides whether your organization needs an independent SIEM system or if it’s enough to leverage internal tools to perform log management and maintain the proper level of security. For the events industry, you can go with a good event tech vendor that maintains data security compliance and has the system for error detection in place.
How GEVME helps
As an events technology vendor that functions in affirmation with the legislation of PDPA, GEVME is compliant with a range of data protection laws. This means if your organization cooperates with GEVME, we take responsibility for collecting consents from data subjects, facilitating the right data processing tactics, ensuring accuracy, and protecting the contact base from external attacks. In this case, you don’t need to hire any external security information and event management products to maintain data protection. GEVME is in charge. In fact, you shouldn’t perceive a SIEM as a panacea. This is simply one of the options to secure your infrastructure which is fully dependent on your organization, the type of information your company processes, and the goals of data collection. To see GEVME in action, get started for free.
If properly supported and aligned well with your organization, a SIEM technology saves you the disaster of data breaches. Choosing the right SIEM solution for your business helps you accelerate workflow management and makes your technical infrastructure invincible.