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Keeping Your Network Safe with a Managed SIEM Service

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According to statistics, there were 22 billion breaches recorded in the year 2021, impacting businesses of all sizes across the globe. It is believed that by the year 2025, cybercrime in the United States will cost companies approximately $10.5 trillion annually. Every day, more than 300,000 forms of malware are created, increasing the risks that organizations across the globe face.

 

These alarming findings demonstrate the critical importance it is to have adequate security measures in place to protect your business from being subjected to a malicious attack. One of the best things that you can do for your organization is to incorporate a managed SIEM service. There are many benefits that come with this service, all designed to help your organization identify threats and combat them quicker than ever thought possible.

What is a SIEM?

When it comes to network security, a SIEM, which is short for Security Information and Event Management, is essentially a collection of components for cybersecurity that are utilized to monitor the traffic on a network. They also monitor the network resources and perform various tasks to ensure the network remains secure.

 

The SIEM consists of a centralized dashboard that contains significant security information. The information is used to alert the monitor of any network activities that seem suspicious. Some of the components of the SIEM include:

 

  • A set of forensic tools that are used to investigate any suspicious activity after a cyber incident alert 
  • Threat hunt features that work to identify any resources on the network that may have been compromised
  • Threat intelligence
  • Log aggregation from a variety of sources 
  • Advanced analytics visualization with a customizable dashboard

 

The SIEM is typically used within a SOC, and they often utilize artificial intelligence (AI) to automate prevention and detection efforts on the system. However, a managed SIEM service is recommended to ensure threats are contained and eradicated. 

Why You Should Consider a Managed SIEM Service

A SIEM is incredibly helpful for allowing organizations to detect incidents that they may not be able to otherwise. SIEM software utilizes log entries in order to identify malicious and suspicious activity on a network.in addition, SIEM software has the ability to re-create the timeline of a cybersecurity threat. This allows organizations to determine the very nature of the attack and how it affects their business.

 

One of the biggest benefits of the SIEM is that it automatically generates reports, thus allowing organizations to meet compliance requirements. The reports generally indicate all of the log security events on the network. Without having adequate SIEM software in place, companies would generally be required to manually gather log data and compile the reports.

 

Conversely, the use of a managed SIEM service makes the task of filtering massive amounts of security data much easier for enterprises. Furthermore, it also helps to prioritize security alerts that are generated by the software. 

 

Given the fact that there are so many cybersecurity attacks across the country, it is important that you take the initiative to protect your organization from being forced to deal with the devastating consequences of a cybersecurity breach.

Alarming Statistics 

Over the past decade, we have witnessed a drastic increase in the number of cybersecurity breaches affecting businesses across the globe. Statistics show that cyberattacks cost more than $6 trillion in 2022. Other alarming facts and statistics demonstrate:

 

  • More than 22 billion cyber security breaches were recorded in 2021 across the globe.
  • In 2021, the number of ransomware attacks grew by approximately 92.7% globally.
  • A new attack is carried out somewhere on the web every 39 seconds.
  • Approximately 64% of companies across the world have experienced at least one type of cybersecurity attack.
  • Approximately 94% of all malware is sent to targets by email.
  • Approximately 24,000 malicious mobile applications are blocked every single day on the Internet.
  • Approximately 30,000 websites are hacked every day.
  • Nearly 95% of all data breaches are caused by human error.

 

The unfortunate truth is that we continue to see a significant number of businesses, both small and large, forced to deal with the devastation of a cybersecurity threat. 

 

As these threats continue to develop and become more advanced, it is crucial that small to medium-sized business owners have security measures in place to protect themselves from being victimized. A managed SIEM service is critical as it can help to ensure your company is protected for years to come.

The Benefits of a Managed SIEM Service

If you are on the ropes when it comes to deciding whether you should implement a managed SIEM service in your organization’s network, it is important to consider the benefits that doing so can provide.

 

To begin, SIEM is incredibly beneficial to organizations due to the fact that it provides both threat detection alerts and security alerts. As a result, SIEM can dramatically lessen the time it takes to identify a cybersecurity threat on your system. Being able to detect a threat quickly also allows you to address it rapidly and minimize the damage that it causes.

 

companies have the ability to use SIEM for a variety of uses. Some of the biggest benefits that they will receive surround security programs, security data, data logs, performing audits, and creating compliance reports. Additionally, network troubleshooting and help desk tasks are also made much easier.

 

Due to the fact that SIEM supports a significant amount of data, organizations have the ability to continue scaling out as needed. They have the opportunity to add more data without experiencing any interruptions.

 

Additionally, SIEM has the ability to perform a very detailed forensic analysis of the system. This is critically important in the event that your organization is subjected to a major security threat.

 

By better understanding the SIEM benefits of the software’s capabilities, you can understand how this type of service can benefit your organization.

Features and Benefits of SIEM

When evaluating a SIEM product, it is important to analyze the features that the system provides. Some of the features that you should consider for your SIEM include:

 

  • Correlation: The managed SIEM service is composed of a set of tools that allow users to find similarities between various events on the network. 
  • Alert system: The SIEM system has the capability to notify users when security incidents are detected. This allows for a much quicker response to be implemented.
  • Data aggregation: The SIEM essentially works by collecting and monitoring all of the data on the servers, networks, applications, and databases.
  • Dashboards: After the data is collected from various sources, it is displayed in charts within the dashboard. This enables users to find patterns so they can avoid missing critical event details and reports of suspicious activities. 
  • Automation: There are instances where SIEM software includes automation features. This can include automated incident responses and automated analysis of any security incident.

 

To truly benefit from a managed SIEM service, it must be implemented correctly onto the network. 

The Best Way to Implement SIEM

When it comes to implementing SIEM onto your organization’s network, there are several best practices to follow to ensure you are able to receive the full benefits of everything that the managed SIEM service has to offer.

Set Goals That are Easy to Understand

You want a SIEM tool that is going to meet your security needs and goals. For this reason, it is important to incorporate goals that you can meet. You will then choose your SIEL toolset based on your specific goals, the landscape of any potential threats, and your compliance needs.

Set Data Correlation Rules

You will need to have correlation rules for data that are implemented across all of the networks, clouds, and systems. This will ensure that any errors in the data are located quickly and easily.

Identify Specific Compliance Requirements

It is important that your chosen SIEM software is configured to perform audits and generate reports that correctly reflect and implement your compliance standards. Setting the specific requirements ahead of time will ensure that no issues arise.

List all of Your Digital Assets

To ensure the SIEM functions properly, you will want to list all of the data that is digitally stored across the IT infrastructure to ensure the software is able to monitor your network activity and manage all of the log data.

Keep a Record of Your Incident Response Plans and Your Workflows

Taking this step will ensure that all of the teams are able to respond to any security incidents without delay.

Assign a SIEM Administrator 

It is critically important that you have a person operating your SIEM software that is well-versed in handling the inflammation process and monitoring. For this reason, you can benefit greatly by having a managed SIEM service.

 

With the right support, your managed SIEM service can help protect your organization from a major breach that could have a catastrophic impact on your network and budget. Our team at Blueshift Cybersecurity offers the perfect SIEM service solution for organizations of all sizes.

Blueshift Cybersecurity Managed SIEM Service

Our experts at Blueshift Cybersecurity combine networked-based, extensively monitored security analytics, forensics of security logs, and compliance with deep packet inspection across the entire enterprise. This includes all of the clouds, servers, endpoints, virtual machines, office 365, containers, and even remote workers. While utilizing our managed SIEM service, you can rest assured knowing that you are fully protected in the event of a potential cyber breach.

 

  • We take great pride in our services in the level of protection that we provide for businesses of all sizes. Some of the ways that our team at Blueshift Cybersecurity will protect your organization include:
  • Storing an unlimited amount of on-premises security event logging for both compliance and forensic analysis
  • Making the process easy by offering services that are easy to implement with existing AV, EDR, and firewall solutions

 

We are truly committed to making a difference when it comes to the security of your business. Our managed SIEM service is combined with a United States-based SOC, which utilizes SOAR functionality to ensure a rapid response when it comes to identifying and resolving critical cyber security alerts on your system.

 

Our managed SIEM service will greatly improve your organization’s security posture by doing the following:

 

  • Uses automation in order to respond to any security threats to the data on your system. This includes any alerts that come from all of the devices on your IT infrastructure. Even devices that generally won’t take an agent will be protected with us.
  • Automatically and instantaneously identify the majority of threats on your system and block them. We are able to do this by utilizing threat intelligence, intrusion, and deception detection.
  • Working hard to ensure all the alerts on your system are filtered in order to reduce alert fatigue. We also work hard to ensure all critical security alerts are sent to the SOC immediately in order to initiate an investigation and remediation efforts.

 

Having a strong system in place can help to ensure that you are protected in the event of a cyber security breach.

Our XDR Agents Work For You

Our XDR Agents constantly work to monitor your system for various threats, misconfigurations, and other problems that may arise on your platform.We monitor an array of types of agent events on your system. This can include:

 

  • Service Installation / Removal
  • Authentication Failures / Brute Force Attempts
  • Account / Group Manipulations
  • System Integrity Changes (certain registry, system changes, and filesystem)
  • Failed Privileged Operations
  • Resource exhaustion
  • Security Events
  • MITRE ATT&CK Events
  • Application Installation / Removal
  • Vulnerabilities 

 

Our team is fully committed to simplifying compliance initiatives within your organization and ensuring security management and visibility across all of your organization’s platforms. We are fully committed to going above and beyond when it comes to ensuring the security of your business, as you deserve nothing less.

 

If you are interested in seeing how our managed SIEM service at Blueshift Cybersecurity can improve the security of your business, feel free to reach out to our team today. We are available to discuss your unique needs and the options that we have to meet them.