Companies don’t often have as much control as they think they do considering that at least 18% of businesses have a concerning lack of control over their data and the apps they use. 47% of businesses across the U.S. are consistently struggling with risk prevention concerning data security. Solutions like using a cloud-based SIEM are capable of combating these issues and are becoming more popular among IT teams.
This type of solution allows teams to tap into streamlined operations, cost-effectiveness, and better data safeguards. It’s surprising that at this point, with so many companies falling victim to security breaches, more than half of small businesses (51%) still have no safety measures in place for cybersecurity at all.
To better protect your business from becoming a negative statistic, keep reading to find out what a cloud-based SIEM is and how it works.
What Is Cloud-Based SIEM?
SIEM stands for security information and event management. For it to be cloud-based, it’s how it sounds…hosted within the cloud to enhance security and mitigate risks. In simple terms, a cloud-based SIEM is a better way to safeguard your data because it’s stored off-site.
The best part is that it’s managed by someone else and streamlines the way you can collect and organize your data. SIEM solutions also change the way companies analyze, manage, and control the data they use. This isn’t to be confused with a SOC (security operations center) solution.
These two solutions communicate with each other but they are different. A SOC collects data from different sources and sends that data ‘to’ the SIEM. Basically, the SOC helps to manage the SIEM.
How Does It Work?
A SIEM helps analysts and IT teams, in general, to focus on the events that might call for risk mitigation. This type of solution detects malware infections through data log analysis.
It gets these data logs from a variety of sources such as antivirus software or firewalls. The main concept is to help limit IT threats by using real-time detection to help block potential attacks. To get a better idea of how this approach can help your team you can learn more about SIEM here.
Getting a Glimpse of the Benefits
SIEM as a service is relatively simple to get started with. Not only that, it’s simpler with this service to scale the architecture of your networks without experiencing operational downtimes.
Using a cloud SIEM solution is also a more cost-effective option for companies and makes data collection and storage significantly safer and more secure for IT teams.
Some of the most notable benefits of SIEM solutions are:
- Scalability in some cases
- Reduction in maintenance needs
- Advanced approaches to threat detection and safety risk mitigation
What IT teams are finding out is that the accessibility of this approach makes it even more worth it. This means that remote teams will have access to better work practices and this also plays a positive part in security management. Cloud SIEM options often incorporate the use of advanced machine learning and AI to make their coverage and safety more robust as well.
Making Data Safety a Reality
A cloud-based SIEM checks off multiple boxes for companies that want to prioritize data safety. This type of system provides faster updates, eliminates the concern for physical space to support in-house installations, and offers more flexibility.
To learn more about useful and innovative technology, keep reading through our content.