Managed SIEM For Compliance, Audit & Security Efficiency

Managed SIEM is an alternative to on-premises SIEM deployment. A third-party service provider hosts the SIEM application on their servers and monitors your network for security breaches. Managed SIEM provides faster deployment, access to expert cybersecurity specialists, and reduces setup costs.

The security provider’s SIEM solution is deployed on your network. It collects log and event data across the IT infrastructure and aggregates it in a central location. The data is analyzed to extract actionable security alerts. These alerts are further investigated and remediated.

Managed SIEM, or cloud SIEM, is provided by a third-party vendor. On-premises SIEM solutions are owned and managed in-house, from installation to operation. On-premises SIEM gives organizations complete control over their data, the security team, and the SIEM platform. The downside of on-premises is that complete operation of SIEM requires a huge financial commitment. Costs involve expenditure for purchasing, installing and maintaining the software; collecting, storing and analyzing vast amounts of data; hiring and training cybersecurity professionals. Such costs are prohibitive for most businesses. The advantages of managed SIEM are its cost-effective nature, easy scalability, and instant deployment. Additionally, your organization gains access to an expert knowledge pool.

Malware is an umbrella term that includes any software that can potentially damage your system, like viruses, ransomware, worms, etc. SIEM security monitoring sends out an alert whenever there is a breach in the system. With further analysis and event correlation, it can be determined if the breach was caused by some kind of malware.

SIEM is required as it enables easy security management by aggregating all logs and event data in a central location and prioritizing the security alerts generated by the software.

The cost of managed SIEM is expected to be around $60,000 to $120,000 a year. Managed SIEM is vastly cheaper than in-house SIEM, as the cost of installing hardware and infrastructure, and training specialized employees is eliminated.