In the wake of the need for secured networks, businesses have approached achieving better security the way some people approach achieving better fitness. They spend a lot of money buying security products and boxes, more like the way people purchase expensive health club memberships. If businesses fail to follow through in having the right expertise in place to manage these products, it may just have been better if they never got those products in the first place. Same with people and health clubs – paying for it is just the first step in the right direction; it is no guarantee of results. It is therefore imperative to focus on the fundamentals of SIEM and log management in order to get higher Return of Investment (RoI).

SIEM (Security Information and Events management) is a real-time analysis of security logs and events generated by network applications and devices. SIEM is essentially a management layer above your existing systems and security controls that unifies information from disparate systems, allowing them to be analyzed and cross-referenced from a single interface.

The reality is that both small and medium businesses have the same security needs as enterprise businesses but they lack the necessary resources required for that level of commitment; this is assuming that they are willing and ready to manage their own security infrastructure.

Traditional SIEM products can be purchased and managed by some businesses. However, there are hidden costs (as highlighted below) with choosing to go through that route.

In deploying SIEM in-house, a number of costs usually crop up only after it has been deployed and they include the following;

  • Upfront deployment cost
  • Additional staff cost (Annual bonuses)
  • Vendor specific training
  • General security training & certifications
  • Operational cost/overhead
  • Opportunity cost with a cyber-attack

Today’s rapidly changing threat landscape requires security products that are equally responsive to these changes. A Managed Security Service Provider (MSSP) is an objective resource that helps assess critical security needs. They possess properly trained security engineers with extensive investigative skills to better manage and quickly respond to security incidents 24/7.

Other benefits of hiring a Managed Security Service Provider (MSSP) include:

  • 24/7 Real time monitoring
  • Cost savings
  • Business Compliance
  • Customised Reporting
  • Instant Return on Investment

Some other advantages of enlisting the assistance of an MSSP is that these vendors can conduct routine vulnerability scans and penetration testing and take care of other security management functions for the enterprise. This allows the IT unit to shift focus on other activities that drive business growth.

Learn more about the Blacksentry Managed SIEM Solutions. Click here