When it comes to cybersecurity, your organisation should be secured from potential threats in real-time. One of the potent solutions to maintain a strong cybersecurity posture is the use of security information and event management (SIEM). If you are uncertain how your company can benefit from this approach, here are key types of organisations where this approach is particularly beneficial.
Large enterprises and corporations
Large companies normally have extensive and complex IT infrastructures. In this case, it could be challenging to monitor all security events manually. A system using SIEM offers centralised monitoring, which enables organisations to detect suspicious activities within the system. This is quite suitable for multinational corporations to monitor network traffic and user activity across the different offices to detect anomalies and respond to potential threats.
Financial institutions
Financial institutions are the primary targets for cyberattacks because they handle sensitive customer data. Moreover, they are also required to meet strict compliance to regulations that may require robust security monitoring. This is quite useful for banks in detecting unauthorised access to financial databases.
Healthcare organisations
The confidential patient data handled by healthcare providers, along with its compliance to regulations, also requires strict data security standards. That is why they are increasingly becoming the target of cyber threats, such as ransomware, among others. Hospitals can use this to monitor access to patient records and detect unusual login patterns to indicate a compromised account.
Government agencies
The government organisations often keep sensitive data that pertains to national security, public records, or citizen information. This also makes them critical targets for potential cyberattacks. Government agencies could use this to monitor cyber threats from malicious activities.
Retail and e-commerce businesses
Note that businesses such as these are capable of processing a lot of online transactions and store customer data. But they can also be potential targets for data breaches and fraud. Thus, they also need to comply with payment data regulations. This will enable tracking of transaction anomalies, detect potential card fraud, and monitor online infrastructure for security threats.
Managed security service providers (MSSP)
The use of SIEM can be also offered by MSSPs to other businesses that have no cybersecurity expertise. This will provide monitoring services to multiple clients and detect threats and generate compliance reports on their behalf.
Any business concerned with cybersecurity
Cyber threats can target any type of business, including yours. That is why having a proactive approach to threat detection is vital in preventing any type of malicious attacks. For instance, a medium-sized business having no dedicated security team could use this to gain visibility into their network. They can also receive alerts about suspicious activities and make sure that security incidents are addressed promptly.
What are managed SIEM
A third-party vendor provides a service, such as a managed SIEM, to oversee and operate the SIEM of an organisation. This type of solution adds an extra layer of security by outsourcing the monitoring and management of these systems to a specialised provider.
