IT professionals are under constant pressure to improve the efficiency of IT operations, which usually means two things:
- Reduce costs
- Improve productivity
Striking a balance between the two is key, especially when the investments revolve around security. You need to deliver greater service levels, enhance security initiatives, as well as conform to compliance policies, while keeping costs in check.
But, it’s very important to remember that investing in security is not just about the direct costs—it’s crucial to take indirect costs into account, as well. These costs include the value of the data that tends to be lost during a breach and the subsequent fallout, including the loss of customer trust, damage to corporate reputation, financial and legal penalties, and more. The costs associated with data loss can be far greater than the investment that was made in security.
More and more organizations are realizing the need for a proactive approach when it comes to keeping a watchful eye on all the activities happening on their network. As a result, the demand for SIEM tools continues to increase as a means to streamline the process of collecting and analyzing event data generated throughout the network and to produce actionable security intelligence.
Top 3 Factors that Determine the ROI of your SIEM Solution
When choosing a SIEM solution, you need to know the factors that go into measuring the ROI of the chosen solution.
Reduced Costs & Increased Productivity
The amount of data that needs to be collected and correlated is growing exponentially in today’s ever-expanding network infrastructures. The amount of time security admins have to spend per day per server to retrieve, normalize and analyze event log data leaves them little to no time for anything else. As a result, other crucial administrative tasks are put on the back burner or additional admins have to be brought in to help. A SIEM solution will automate and consolidate the log management process, thereby reducing the man-hours and resources needed to accomplish this vital task. Translation—increased efficiency and decreased costs.
Enhanced Security & Compliance
Networks threats don’t just come from the outside—insider abuse is on the rise. Security concerns span across external hackers, internal data theft, policy violations, malware, rogue devices, and the list goes on. Additionally, regulatory mandates and corporate policies have become increasingly stringent. The fact is that a security attack of any kind can have a direct impact on your organization’s integrity and reputation, which is why a comprehensive security solution must be put in place. A critical piece of any security plan should be a SIEM tool with real-time analysis and cross-event correlation, which will:
- Reduce the time taken to identify attacks, thereby reducing their impact
- Reduce the time spent on forensic investigation and root cause analysis
- Reduce the time and cost incurred on maintaining compliance
Network Uptime & Application Availability
Ensuring the highest levels of network uptime and the availability of business-critical applications is a big concern for any security admin. The right SIEM security tool can help by continually monitoring event log data of critical devices and application servers in order to detect network degradation, failing devices, and application errors before they impact end-users and cause a disruption in service.
As you can see, investing in the right SIEM solution not only helps defend your network from an ever-growing list of security threats, but also helps ensure network and application availability, as well as safeguards critical data and protects your company’s reputation!