A successful cyberattack can cause material damage to a business through disruptions to their operations, loss of revenue, loss of customers, and reputational harm, and companies of all sizes are at risk. Nearly 6 in 10 organizations in the United States suffered ransomware attacks in 2024, and as of February 2024, just over half of companies in the U.S. reported a loss of sensitive information through data breaches. Alarmingly, cyber threats now evolve and move too fast to rely on manual intervention alone to detect and react in time to prevent harm.
In response, security information and event management (SIEM) platforms are moving beyond their origins in data collection and event correlation to enable real-time threat detection and automated remediation. Here are key trends to note and how they improve organizations’ ability to safeguard their operations from cyber incidents.
SIEM is increasingly converging with extended detection and response (XDR) and security orchestration and response (SOAR) for comprehensive and more automated solutions. While SIEM provides broad visibility and log analytics, XDR extends detection across all endpoints and the cloud and SOAR coordinates response. Thus, when SIEM detects a security threat, SOAR initiates automated response actions via XDR such as disabling compromised user accounts, blocking malicious traffic, and isolating compromised endpoints in real time.
The benefit to converging these functions is creating a unified security platform to consolidate data, reduce complexity, and improve response times. Systems can be configured to contain threats automatically, without manual intervention being required to launch a response.
Cloud-based SIEM platforms are becoming more popular with organizations seeking scalable, cost-effective solutions for cybersecurity. Unlike traditional on-premises deployments, cloud-based SIEMs don’t require expensive hardware upgrades, and they may offer usage-based pricing models that can help align cost to services. These plug-and-play security platforms allow organizations to deploy more quickly with a lower up-front cost than that of on-premises SIEM, which makes them an attractive option for small and medium-sized businesses needing to upgrade their cybersecurity protection.
Further, this can help provide state-of-the-art cybersecurity for organizations that can’t afford full-time in-house security experts. Treating SIEM as a managed service gives its users the advantage of the latest advances in SOAR capabilities, seamless API integrations, and XDR solutions that keep pace with emerging threats.
Static, rule-based SIEMs are at a serious disadvantage in dealing with new, sophisticated cyber threats that do not follow previously established patterns. Increasingly, SIEM platforms are using real-time machine learning to analyze security data to continually upgrade their ability to spot anomalies and new attack techniques that might sneak past older systems.
Because of their ability to rapidly analyze vast amounts of data on an ongoing basis, AI-powered systems can establish a baseline for the regular behavior of users, assets, and network traffic and then monitor around the clock for any deviations that could indicate a potential threat. The trained model then generates alerts when an anomaly is detected, speeding up both detection and response. The system can also prioritize critical alerts, recommend responses, and automate remediation so that incident response is more efficient and proactive, instead of playing a continual game of catch-up.
As an expert cybersecurity and IT managed services provider offering global, 24/7 support, Right Click, Inc., understands that tomorrow’s cybersecurity threats will not look like yesterday’s. We use the latest in technological advances, with the guidance of our staff of qualified cybersecurity experts, to monitor emerging threats and provide swift response for cybersecurity incidents. Our cost-effective managed cybersecurity, IT, and compliance solutions allow you to focus on your core business while providing the protection you need to keep your data and operations secure. To find out more about how we can assist your business, contact us here for a consultation.