In the cybersecurity landscape, security analysts are not only fighting malware and cybercriminals on a daily basis but also dealing with large volumes of data overflow from their own networks. In this regard, Security Information and Event Management (SIEM) has been a welcome cybersecurity tool for real-time tracking and investigating security events and log data.
Need more information about the intricacies of how SIEM products function? Read our blog here - What is SIEM? The Ultimate Guide
What are the newest trends in SIEM technology in 2020? For enterprises, shifting to on-cloud cybersecurity measures, customer trepidations and network bandwidth issues are a great cause of concern. But in 2020, enterprises are gradually moving towards adopting SIEM technology available on-cloud because of a number of reasons:
1. Managing the Vast Volume of Data:
The primary job of SIEM tools is to aggregate relevant security data from disparate sources by identifying a deviation from the usual data flow. Sprawled across hundreds of log sources and endpoints, the sources generate a huge volume of data. Managing this heavy traffic leads to challenges in cases of in-premise solutions as it requires continuous tuning and maintenance. The obstacles develop further as the business scales.
Modern SIEM products have the ability to correlate network flows. SIEM tools on-cloud allow enterprises to unify all the data in one place. On-cloud SIEM empowers enterprises with on-the-go updates without the need for any manual feeding or maintenance
2. Quick and Easy Onboarding and Installation:
For on-premise tools, SIEM installation can take a longer time to onboard and become fully operational to the enterprise. As per a Ponemon study, security teams report that about 41 percent of buyers of SIEM tools took six months or more to roll out their selected SIEM solution with almost 25 percent of them could not achieve full deployment.
This year, enterprises are looking to access their SIEM tools on-cloud because the setup time, in this case, is almost negligible. The capabilities of top SIEM products accessible on-cloud can get up and running in an instant. Analysts can start sending data for analytics withing minutes of the technology being available.
Deploying SIEM tools is not a joke. Learn how to successfully incorporate it into the enterprise cybersecurity infrastructure - SIEM Best Practices: How to Successfully Implement SIEM Software.
3. Addresses the Shortage of Qualified Cybersecurity Experts:
One month into 2020 and the cybersecurity skill gap seems to have widened further. As enterprises are struggling to cope with the lack of expertise in the cybersecurity domain, on-cloud SIEM tools offer a welcome solution to the problem.
The experts-to-alerts ratio needs to be manageable in order to ensure the strict security of the enterprise data. On-cloud SIEM products address how to enhance security operation center by eliminating manual deployment and maintenance burdens. Now, analysts can divert their time to high-order tasks than waste it in simply managing the solution
4. On-cloud SIEM Helps Cut Costs
On-premise SIEM tools require maintenance which translates to additional costs. Moreover, enterprises also need to invest in hardware and other assets over time as the older versions can become obsolete. With the rapid growth in technological innovations, SIEM products can frequently go from being functional to outdated. Top SIEM products available on-cloud solves this issue as it does not require any hardware upgrades from time to time.
The benefits of shifting to the cloud in this age when security data is overflowing are manifold. As choosing cloud SIEM becomes a common trend among businesses, let us see what are the latest trends in cybersecurity that the SIEM technology has to keep up with, in 2020.
Since the early days of SIEM in 2000, it has evolved and polished its capabilities to still stay relevant 2 decades later. To sustain in the rapidly growing threat landscape, SIEM products need to adapt better which includes enhanced flexibility and capability to integrate with newer technologies.
1. Cloud Management and Monitoring Capabilities Need to Improve
The expectations of organizations are likely to grow with regards to the incorporation of in-depth analysis of threat factors in the cloud SIEM solution. The more information the company has, the better they can protect their enterprise. Since the cloud is still not completely secure, security experts have to strengthen their cloud management and monitoring systems to prevent security breaches.
2. Machine Learning, AI and Big Data will Affect SIEM
Huge traffic of data is generated by social media applications and the web. Older versions of the SIEM products are not capable of handling this data as they are always unstructured and fast-moving. Such a disorganized pool of data may contain malicious elements and threats that the system may not be able to detect.
With Big Data technology gaining ground in the present IT landscape, in 2020 this is likely to be utilized in the cybersecurity domain too. Big data can help analyze large volumes of data and when coupled with analytics, it can provide SIEM products and systems with security correlations in the pools of data that have been analyzed to improve threat detection.
For businesses, cloud SIEM means convenience and cost-savings. But mitigating sophisticated cyber threats need next-generation solutions. As threat elements are infecting systems and networks at an alarming rate, the need for modern solutions to deal with this growing menace is increasing. This is compelling enterprises to relook at traditional SIEM offerings and adopt on-cloud solutions to achieve a centralized way to understand and manage their cybersecurity posture.
Why should service providers embrace SIEM security practices? Find out here - The Need for SIEM in the Service Industry