What should I look for in a SIEM solution?

Nowadays businesses globally are facing a lot of issues of cybersecurity which is continuously growing over the years in intensity as well as number. Organizations are struggling to keep their information secure because data compromises are costly and cause deep damage to businesses.

To address this situation, businesses are now investing in security incident and event management software i.e. SIEM. It provides data protection as well as compliance for successful and smooth business operations. With so many SIEM software in the market, it is important to get the right solution that can work on a real-time basis.

What should I look for in a SIEM solution?

If you are also concerned about what should I look for in a SIEM solution then read on to find out more:

1. Analytics and threat intelligence capabilities:

consider that the software should combine knowledge of forensics with security operations and then apply AI and ML to your log data. With machine learning, the function of SIEM software can be enhanced a lot and it can perform specialized tasks too.

Most SIEM software has normal data logging features that are alert based. Check that the software should provide features such as threat hunting, log trend analysis, forecasting, etc. with the intuitive ML algorithm the usability and security analysis of the software can be improved. It also saves your manpower resource time so that they can focus on other important activities. Threat intelligence allows for intelligent insights regarding the network behavior and detects suspicious activity which can indicate an attack.

2. Manage the logs:

The software should be able to collect logs from multiple sources and then store it in one central location and then manage it as per the requirements of the business security. Make sure that every log is analyzed properly.

3. Security incidents correlation:

choose software that can relate security incidents and then check for threats based on it. After an attack, the tool should detect it, fetch logs associated with it and make a record of the events and stamps, and then generate alerts.

4. Timeliness

Time is very important in the case of cybersecurity. Make sure that the system is restored immediately after the attack. If the downtime is long then it will cause more damage to the business reputation and loss of revenue too. The attack should be analyzed through historical data as well as on a real-time basis, as well as inputs of other data sources.

5. Reporting

The software should provide a custom reporting feature which can record tickets based on complete monitoring 24X7. Automated reporting is quite crucial in SIEM software. Manual report generation has not been suggested because it is too time consuming and it will also impact the efficiency of the incident response. So, the detection process is always to be automated.

So, the tool is capable of generating multiple types of reports, which will show the log and event monitoring. The security operations can apply this and can look out for any security breaches.

What does a SIEM solution do?