What is SIEM as a Service?

by | Feb 6, 2020 | Managed Services, Security

Cybercrimes cost organizations billions of dollars each year. Cyberattacks damage the relationships between organizations and their clients, and it takes valuable time to rebuild your reputation.

The best way to combat cyberattacks is through robust security; however, your security is only as good as your ability to monitor and take action against cyberattacks. For many organizations, SIEM as a service is a vital component of a well-rounded security strategy.

What is a SIEM?

One of the biggest challenges for system administrators is aggregating security logs from dozens of devices, and more importantly, sifting through the noise to determine what threats are serious. The average organization can receive thousands of alerts a day, and many aren’t actual security threats. Without a system in place, it’s difficult to discern what needs attention and what’s just noise.

A Security Information and Event Management (SIEM) solution is a platform for collecting and analyzing security log information and alerting on security events on your network. SIEM tools provide the necessary visibility and early detection of security incidents in your infrastructure, surfacing the most critical issues to be remediated.

A SIEM system brings together data from multiple sources around your network. It aggregates that data, allowing system admins to see which alerts matter and which ones don’t. SIEM solutions use artificial intelligence, log correlation, and machine learning to surface the alerts that require rapid action.

As impressive as SIEM solutions are, though, they can still leave IT staff with an overwhelming number of alerts to be addressed. Additionally, managing a SIEM platform requires regular updates and rule tuning to achieve the best results. That’s where SIEM as a service comes in.

What is SIEM as a Service?

SIEM as a Service is when a third party administers your SIEM solution. A quality SIEM as a service provider will implement your SIEM solution, monitor the alerts, and address threats as they arise. SIEM as a service offers several advantages to organizations, including:

  • Expertise: Reliable SIEM as a Service providers have security experts on staff. These experts focus exclusively on cybersecurity and have up-to-date knowledge of cyber threats.
  • Saving time: Organizations often find it’s more efficient to have a third party monitor SIEM solutions. It frees up the limited time system administrators have to focus on other essential goals.
  • Saving money: Organizations often find it’s more cost-effective to use a SIEM as a service provider than to devote the hiring efforts, training, and labor hours to implement an effective 24×7 SIEM solution on their own.

Many SIEM as a Service solution providers, like Peters & Associates, will include regular vulnerability scanning and other services to create a well-rounded security management program.

It takes a lot of trust to bring in an outside organization to manage your security. What should you look for in a SIEM as a service provider?

Choosing a SIEM as a Service Provider

Your SIEM as a service provider should have a track record of successful work with organizations similar to yours. It should offer around-the-clock monitoring and regular reporting, so you know exactly what’s happening with your security. At Peters & Associates, we’ve been providing technology solutions to businesses since 1981. We see our clients as trusted partners, and we’ll work closely with you to provide cybersecurity solutions that help you sleep soundly at night.

Click here to learn more about our SIEM as a Service solution.