The term “Security Information and Event Management” or SIEM might appear to be just a buzzword, or software category but for organizations with more than 300 endpoints, it’s an essential defense against a perpetually evolving landscape of cyber threats. However, is your SIEM strategy truly safeguarding your organization or clients, or is it becoming an expensive liability? Here are five signs that your SIEM strategy might be falling short, and why an AI-powered Extended Detection and Response (XDR) platform might be the upgrade you need.
Consistently high costs to manage cyber breaches should raise alarm bells. For instance, the average cost for US firms to mitigate a cyber-breach has soared to a staggering $9.44 million. This fact is driving up premiums for cyber insurance and the cost to hire the limited number of Cybersecurity professionals available. If you’re noticing a similar trend, it could be a sign that your SIEM strategy is ineffective. AI-powered XDR platforms can help curb these costs by detecting threats faster and minimizing the impact of breaches.
Are sophisticated threats slipping past your defenses unnoticed? If so, your SIEM strategy isn’t doing its job. Consider the Defense Industrial Base (DIB) sector organization, which witnessed its network compromised by multiple advanced persistent threats (APTs). An XDR platform with AI capabilities could help identify such advanced threats in their early stages, enhancing your overall security posture.
Most insider threats occur due to negligence rather than malice, posing a significant risk to organizations. A striking example is the Dallas Police Department, which lost over 8.7 million files due to an accidental i ..
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