In recent years the business world has seen a shift in data storage and management toward the cloud.

In fact, according to some studies, 57% of businesses already utilize a central cloud; and a further 24% plan to do the same.

This general movement to cloud-based data is one of the reasons that Security Information and Event Management (SIEM) systems are undertaking an important security role in enterprises. More and more businesses of all sizes are protecting their cloud environment with SIEM, which can operate over many IT systems and helps detect potential threats.

SIEM software could provide huge benefits to a business, but what are they are why should the company care.

What is SIEM?

Simply, SIEM software is a combination of two systems: security event management (SEM) and security information management (SIM).

SIEM is a comprehensive log-monitoring technology designed to detect threats across multiple cloud-based systems.

Benefits of Using A SIEM Solution

1. Increased efficiency

Apart from rapidly detecting and identifying security events, SIEM systems are able to collate event logs from multiple devices across networks. This feature allows staff members to more easily identify potential issues, check activity, and can accelerate file analysis time.

2. Economic investment

Because staff can undertake cloud-security measures more efficiently, they are able to dedicate more time to other aspects of their job. This is good for business – and will be a great money saver in the long term.

3. Preventing potential security breaches

Any security breaches to your business are detected quickly by SIEM software. This can drastically minimize their negative impact – not only the financial damage a breach can cause but also the damage to the existing IT systems.

A SIEM system provides more conclusive and effective handling of security breaches that enhance and protect a business.

4. Reporting, log collection, analysis, and retention

SIEM software is a combination of SEM and SIM. The combination of these two systems provides greater overall performance. The SEM system is able to centralize the interpretation and storage of logs, whilst the SIM system is able to collect data to be analyzed for reporting.

5. Compliance

Furthermore, the SIEM system not only monitors threats and provides real-time security alerts, but it also increases IT compliance. A SIEM system is fully compliant with regulatory standards that require log monitoring and retention, such as PCI and HIPAA.

Using A 24/7/365 Managed SIEM 

At CyberMaxx, the MAXX SIEM service has been carefully designed for the protection of your cloud environment. It monitors, reviews, and translates data into actionable insights in four key steps:

  1. SIEM aggregates your information
  2. SIEM processes and normalizes logs into a standard format
  3. SIEM correlates and enriches all logs to bring data to life
  4. Our team of cybersecurity experts in our 24/7/365 Security Operations Center analyzes and identifies potential threats specific to your organization

There are multiple reasons to invest in an advanced security system like the SIEM service, but the primary function is protection.

If you lack the right people and processes to manage your SIEM technology, that’s also a sign you shoulder consider partnering with a managed security service provider to best protect your network.