Bad actors are currently targeting small- to medium-sized businesses (SMBs) because they often find them less prepared to deal with a cyberattack. These organizations often take the position that “I’m too small to be a target.” This false sense of security is precisely what makes them an attractive target.
This mindset can cost your business both outright, in the case of a ransomware attack, and in downtime. In fact, according to IBM, the average cost of a data breach in 2022 was around $4.35 million, which is up 12.7% from 2020. With these high potential costs, business owners need to determine the level of risk they are comfortable with taking along with the steps, or tools, they can use to achieve that risk level.
What is SIEM?
SIEM, or Security Information and Event Management, is a security solution that “helps organizations recognize potential security threats and vulnerabilities before they have a chance to disrupt business operations.” It does this by using artificial intelligence to automate previously manual threat detection tactics. In short, it’s like having an always-on security system monitoring for movement, temperature changes, or anything out of the ordinary and alerting you if anything weird is detected.
Its robust reports allow end users to detect any changes in their online environment; any variations that are out of character. While not all are indicative of a malicious attack, the ability to monitor potential threats and root out bad actors before they strike is a powerful asset for your organization.
Why Invest in a SIEM Solution?
As previously mentioned, a SIEM solution alerts you right away if anything out of character happens in your system. This includes unauthorized or strange logins that could indicate a bad actor has gained access. This early warning system gives you, or your IT team, time to act. In many cases, threat actors will not execute an attack immediately after entering your network. Instead, they quietly poke around, stealing all the sensitive data they can find before eventually making themselves known. It is not unheard of for them to stay undetected on average for 11 days. This trend of prolonged interaction makes it all the more important to invest in a SIEM solution. SIEM can help your IT team quickly root out attackers before the threat becomes more serious.
As cyberattacks become more advanced, the tools we use to fight them need to follow suit. It is important to understand there is no single, impenetrable solution that stops all potential breaches as cybersecurity is an ever-evolving field and preventative solutions can only go so far. Because of this, businesses need a plan for how to deal with an attack if, and when, it should occur.
Where Does GadellNet Come In?
SIEM is robust in terms of its ability to provide meaningful and actionable insights. On the other hand, day-to-day management of this data can add a significant workload. GadellNet provides a team of experts who guide you through the entire process, from setting up a SIEM solution to managing and monitoring reports. We quickly respond to any immediate threats and communicate actionable findings to your organization in easy-to-understand terminology.
GadellNet strives to ensure your organization gets the most out of any cybersecurity solution so you can focus on serving your own clients. We take the hassle and confusion out of SIEM, so your organization can reap the benefits. To learn more about our cybersecurity solutions, check out our managed security solutions page, contact firstname.lastname@example.org, or reach out to your Account Manager.