Security Information and Event Management (SIEM) is a software that gives you visibility into what’s happening on your network in real-time. For this reason, among others, SIEM tools have served as the gold standard in enterprise security.
While SIEM solutions allow organizations to get a holistic view of their network by providing a powerful method of threat detection, real-time reporting and long-term analytics of security logs and events, the system is not perfect.
SIEM software works by collecting logs and event data that is generated by an organizations host system, security devices, and applications. Today, organizations are producing more data than ever, which means a SIEM generates thousands an enormous amount of logs per day.
For large companies, with huge budgets and well-staffed security team, sifting through tons of data isn’t an issue. But for small organizations — with even smaller security teams — it’s time-consuming and expensive.
In fact, research from Ponemon Institute found that only 25% of total SIEM cost was spent on the software, while the rest went into installation, maintenance, and staffing. That can add up to a lot of expenses.
You Need Full-time Security Engineers
Arguably the biggest problem with implementing a SIEM is the need for full-time security engineers.
Because SIEM tools collect tons of data, it generates thousands of alerts and notifications, which must be acknowledged, investigated, and, if there are attacks, defeated and remediated. And, when those alerts and notifications start pouring in, you can’t ask Jack from the Finance Department to check it out — you need trained security engineers.
And, as we mentioned before, SIEM tools generate a lot of data, so managing a SIEM is a full-time job, which requires several full-time trained security engineers. According to data from research company, Gartner, at least 8 to 12 analysts are needed for 24/7 monitoring, which is too much for small businesses.
Difficult to understand
There’s a reason why you need full-time security engineers to manage SIEM tools — they’re highly trained. Which is necessary because SIEM reports can be difficult to understand.
In a Netwrix survey said that 63% of respondents had a hard time understanding SIEM reports, and a further 53% had to make this readable to non-tech stakeholders — a task that’s time-consuming and costly.
If you’re considering SIEM or struggling with the one you have, consider SOC-as-a-service.
SOC-as-a-Service is a managed detection and response solution that avoids all of the challenges that come with SIEM. Even more, SOC-as-a-Service provides prompt, actionable, and affordable security to companies that want holistic security options at an affordable price.
An option to consider is Arctic Wolf Networks because their SOC-as-a-Service has a cloud-based SIEM platform. For small businesses, this means that you don’t have to spend a ton of money on security analysts. Instead, you can use the AWN CyberSOC service in minutes and enjoy the protection of the Arctic Wolf Concierge Security team 24/7 without breaking the bank.
What’s more, Arctic Wolf Networks is one of our partners, so we can help you get started, today.
Sign up for a demonstration.