Security information and event management (SIEM) frameworks are essential for enterprises to monitor, manage and mitigate the impact of evolving cyberattacks. As the number of threats and the financial impact of breaches increase, these frameworks are even more crucial.
Consider ransomware. Since 2020, more than 130 different strains of these encryption and extortion efforts have been identified. According to the US Cybersecurity and Infrastructure Security Agency (CISA), ransomware incidents have been detected across 14 of 16 critical infrastructure sectors, such as Emergency Services, Food and Agriculture, and Energy. Today, ransomware is present in 10% of all breaches.
Not surprisingly, costs are also on the rise. According to the 2022 Cost of a Data Breach report, the average global cost to detect, mitigate and remediate an attack is $4.35 million. US firms pay more than twice that amount, at $9.44 million per breach.
SIEM implementation allows companies to reduce the cost and impact of these threats. In this piece, we’ll break down the six basic tenants of SIEM and look at six times companies skipped one (or more) steps — and paid the price.
The Six Tenants of Effective SIEM
Solid SIEM deployments depend on six tenants:
Identifying Insider Threats
By pinpointing potential insider threats before they occur, organizations can reduce their risk of compromise. While 63% of these threats are caused by negligence rather than ..
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