Introduction
If you are a business owner or decision-maker, then you know the importance of working with experienced professionals when it comes to certain tasks and responsibilities. When you need someone to make copies, answer phone calls, and go on coffee runs, you might be perfectly comfortable delegating these kinds of duties to an entry-level employee. But when it comes to entrusting someone with your organization’s cybersecurity, you want someone knowledgeable, experienced, and proactive.
Cybercrimes are on the rise, and the sophistication of the means and methods that cybercriminals use to carry out their nefarious activities are able to closely rival the mechanisms used to deter them.
According to Cybersecurity Ventures, one of the world’s leading cybercrime researchers, damages caused by cybercrime across the globe are projected to reach $10.5 trillion annually by the year 2025. This is roughly half the current GDP of the United States, which makes cybercrime one of the largest economies in the world.
And while cybersecurity experts continue developing new and better ways to fend off the growing onslaught of cyberattacks, cybercriminals are employing many of the same technologies to improve their attacks and that’s where managed SIEM services, SIEM management services, and managed SIEM providers come in.
What this means for businesses and organizations around the world is that if they are not using the latest technology to protect their digital assets against these ameliorating assaults, then they are quickly falling behind the curve in the cybersecurity landscape.
Another unfortunate fact concerning cybersecurity is that it is a matter of “when,” not “if,” an organization will become a target for a cyberattack. You have probably heard this phrase before, and it may sound like a platitude perpetuated by the cybersecurity industry. But the truth is that most businesses in the United States (nearly 90%, according to some estimates) have already been the victim of a successful cyberattack, whether or not they know it.
So as you can see, it is more important than ever for organizations to take cybersecurity seriously. And the best way that businesses and organizations can accomplish this is by using the latest technology and employing seasoned professionals to fulfill their security needs.
In today’s article, we will discuss managed SIEM services, SIEM as a service and compare the benefits of managing this tech in-house vs. outsourcing the job to a well-established security company.
What are SIEM Managed Services?
Before we compare the pros and cons of managed SIEM vs. in-house SIEM as a service, we need to understand what SIEM managed services are and what they do. SIEM (pronounced SIM) stands for security information and event management, and it is a highly customizable platform that tracks, records, and monitors security data and logs across a wide range of devices.
SIEM as a managed SIEM solution compiles this security information into a single, centrally controlled platform to provide total visibility into an organization’s security infrastructure. It combines real-time alerts with intuitive dashboards to give security personnel an overview of the system’s health while also allowing them to take a deep dive into any device or process for analysis and investigation.
The SIEM platform acts as the hub for all activity within an organization’s Security Operations Center, and it can integrate seamlessly with a number of other security tools and software.
Core Benefits of a Unified SIEM Platform
Here are a few of the benefits of unifying all of your security operations under the SIEM platform:
1. Visibility:
When all of your security tools are integrated into the SIEM platform, you will have complete visibility over all your security events and logs in a single location. With intuitive and straightforward filtering capabilities, you will be able to easily find information regarding specific devices and processes within your network to quickly diagnose and resolve issues as they arise.
2. Control:
SIEM management services allow you to take control of all your data and tools from a centralized location, offering an intelligible and practical approach to managing your entire security infrastructure. SIEM’s comprehensive dashboards map out your security hierarchy in a visual format, so you can easily navigate and govern your security architecture.
3. Detection:
When combined with the latest threat intelligence, SIEM’s advanced behavioral and statistical analysis can detect active and imminent threats in real time. With SIEM’s highly sophisticated detection capabilities, your organization will have peace of mind knowing that threats can be found and stopped before they can impact your operations or compromise your data.
4. Response:
SIEM’s automated response capabilities can be programmed to deploy calculated and specific reactions to predetermined triggers. Depending on the severity and imminence of the threat, IT can designate varying levels of protective measures to stop attacks, quarantine devices, and temporarily suspend user accounts involved in suspicious activities.
Managed SIEM vs. In-House SIEM Services
Managed SIEM services are third-party cybersecurity companies that manage your digital security from a remote SOC. While large organizations with in-depth security needs may opt for setting up an in-house security team, many small to medium-sized organizations choose to go with managed SIEM providers for a number of reasons.
1. Managed SIEM Services Require Fewer Resources
Creating an IT security team from scratch is no small feat, and it can require a large investment to do it correctly. Not only will you need to hire one or more IT security experts, but you will also have to acquire several physical assets to equip your security team with the necessary tools.
But it doesn’t stop there. In order for your IT department to manage your organization’s security in-house, chances are you will be relying upon a third-party software vendor to provide the essential systems for your in-house SIEM.
The good thing about these software vendors is that they will help you set up the system and train your IT security staff on how to use it, but this could cost your organization quite a bit more in consulting fees.
When you work with a managed SIEM service provider, they will already have everything they need to carry out the task of planning, implementing, and managing your new SIEM cybersecurity system.
Furthermore, since managed SIEM services typically use their own proprietary software, they are experts on how SIEM solution works. This translates into a shorter deployment time and fewer speed bumps along the way.
Elevate Threat Detection and Response with NetWitness® SIEM
-Correlate data across users, logs, and network for unified visibility.
-Detect advanced threats with AI-driven analytics and behavioral insights.
-Accelerate investigations using automated enrichment and guided workflows.
2. Managed SIEM Services are More Scalable
When working with an in-house security team, it may become more difficult to reach your long-term goals. As your organization grows and your security needs become more complex, you will need to expand your physical assets and hire additional security staff.
In contrast, managed SIEM services are much more scalable, since the provider already has the digital and physical resources to meet your expanding security needs. As your organization grows, your managed SIEM solution will grow alongside you.
3. Managed SIEM Services Bring Proactive Security
Many organizations take a reactive security approach, addressing threats only after they have caused damage. SIEM managed service providers bring a proactive stance backed by expertise, threat intelligence, and well-defined detection practices.
4. Managed SIEM Services Deliver Advanced Security Expertise
Rather than hiring someone to run a system they will have to master over time, it might make more sense for your organization to hire an entire team of professionals for a fraction of the cost. SIEM as a service gives you access to specialists who understand SIEM platforms inside out.
5. Managed SIEM Services Simplify Compliance and Reporting
Highly regulated industries rely heavily on accurate reporting and strict compliance adherence. Managed SIEM providers already understand these frameworks and offer built-in reporting and compliance-ready workflows.
6. Managed SIEM Services Offer 24/7 Monitoring
A managed SOC provides uninterrupted surveillance without the cost of staffing multiple shifts. Managed SIEM service providers offer 24/7 monitoring under a fixed monthly model.
NetWitness Managed SIEM Services
If you’re looking for a comprehensive cybersecurity solution managed by a team of experts, NetWitness is here for you. With our highly trained and highly experienced staff monitoring your network around the clock, you can focus on running your business, knowing that your digital assets are safe.
NetWitness employs proprietary technology that relies on advanced statistical analysis and automation to detect and deter even the most advanced cyber threats.
Request a free demo of our managed SIEM platform!
Frequently Asked Questions
1. Which technology is a proprietary SIEM system?
Proprietary SIEM systems are vendor-owned platforms like NetWitness. They offer enterprise-grade features, vendor support, and advanced integrations not found in open-source tools.
2. What is a managed SIEM service?
A managed SIEM service is when a provider runs and monitors your SIEM platform for you, delivering deployment, configuration, threat detection, and response as an outsourced service.
3. What are SIEM managed security services?
These services combine SIEM technology with expert monitoring, log management, threat intelligence, and compliance support, giving businesses centralized visibility and faster response to threats.
4. What is a managed SIEM SOC?
A managed SIEM SOC pairs up a SIEM platform with a provider’s 24/7 security operations team. Analysts monitor, investigate, and respond to alerts in real time, giving organizations round-the-clock protection without building their own SOC.
Choose the Right SIEM with Confidence
