The world of corporate cybersecurity is extremely dynamic. In an ever-changing landscape, security professionals must combat an ever-changing class of threat actors by deploying increasingly sophisticated tools and techniques. Today, with businesses operating in a more challenging environment than ever before, security information and event management (SIEM) platforms play an indispensable role. They help security analysts understand and address security incidents across the enterprise perimeter. As threats become more acute and pervasive, the role and functions of SIEM platforms have expanded significantly.
The latest SIEM 2022 report, published by Core Security, explores the latest trends, key challenges and solution preferences in this market.
The importance of SIEM in 2022
Confirming global fears and industry woes, the report shows a worsening threat environment, with only 54% of respondents feeling only somewhat confident in their security posture. Year over year, overall confidence has declined by three percentage points.
Notably, the majority of organizations that actively used a SIEM platform reported higher levels of confidence (60%) in their security posture, those that did not use a SIEM at all 46% were not confident in their security, which further reinforces the usefulness of SIEM platforms not only to improve security capabilities, but also to boost morale.
As the primary detection mechanism, SIEM continues to play a critical role in threat management with respect to both threat management and post-incident investigation. When participating organizations were asked about the importance of SIEM, 80% said it was extremely important to their security posture. It would seem that modern SIEM solutions have gotten better at recognizing potential threats amid a sea of growing data flows and growing hostility.
Adoption, integration and delivery trends
SIEM adoption rates are steadily increasing across all industries, with more than thirty percent of organizations saying they plan to implement it in the near future. Faced with the explosion of data volumes and increasingly distributed endpoints, companies are realizing the importance of having a SIEM platform capable of managing their security operations.
Meanwhile, SIEM deployments reflect a broader trend in the IT world. Enterprises now prefer SIEM deployments, either in a hybrid configuration or to be delivered as a service. This pattern is observable on a dual basis. For one thing, purely on-premises deployments are in decline. On the other hand, SIEM solutions delivered as a service and those deployed in a hybrid configuration are both on the rise.
Enterprises are also increasingly integrating intrusion detection and prevention systems (IDS/IPS), next-generation firewalls (NGFW), and event and audit log-related applications into their SIEM edge. in order to better secure their perimeter.
SIEM performance and efficiency
Over the years, SIEM solutions have evolved: better threat intelligence capabilities, increasing automation, and tighter integration with the rest of the security suite. With increased functionality now available, they are performing better on all fronts, with 85% of companies surveyed saying their SIEM was effective in identifying and eliminating threats. An overwhelming majority of SIEM users surveyed reported that SIEM had helped them improve their threat detection capabilities (81%), while an additional 84% of respondents experienced a measurable reduction in security breaches through the use of their SIEM platform.
Almost all of these metrics show a noticeable gain over previous years, showing that despite the worsening threat landscape, SIEM platforms have improved their capabilities.
SIEM benefits and use cases
As one of the foundational elements of modern security operations centers (SOCs), SIEM platforms bring a host of benefits to the table. From automated analysis of threat patterns to increasing compliance and reporting operations, they are incredibly useful for organizations of all sizes. But its main purpose has always been to seamlessly unify SIM and SEM functions to improve overall risk management. Consistent with this role, organizations reported that analyzing and managing event data across multiple systems and applications, detecting threats, and monitoring user activity were the most important use cases for SIEM platforms.
Industry insiders, based on their real-world business experience, said the top benefits of having a SIEM platform in their organizations are:
- More effective security operations (21%).
- Faster detection and response to security events (14%).
- Better threat visibility (13%).
A better compliance posture, reduced staff workload through automation, better threat analysis and threat data management are some of the other benefits.
Modern solutions are very effective in minimizing downtime when integrated and fine-tuned. Confirming the effectiveness of these solutions, more than 75% of survey participants indicated that their SIEM could detect potential security events within hours, with half of organizations even being able to detect events within minutes. From unauthorized access to web application attacks, there is a marked increase in SIEM technology effectively detecting virtually all types of attacks, compared to last year’s results, signaling recent advances in industry in threat detection capabilities.
Factors Driving the SIEM Buying Decision
Another key finding of the report provides insight into the thought process and motivation behind organizations’ buying behaviors. When organizations were faced with the important task of selecting a SIEM solution, they weighed their options based on cost first and foremost, followed by product performance and efficiency, then product features and functionality. . Compared to the previous year, cost and product performance/efficiency gained higher priority, while features and functionality slipped lower on the scale.
When organizations evaluate SIEM capabilities, the most important factors are real-time analysis and alerting of potential threats, integration of threat intelligence, and correlation and linking of individual events into actionable information. , in this order.
Challenges faced by organizations
Despite the many benefits offered by SIEM platforms, many obstacles prevent organizations from taking full advantage of their platforms. The report indicates that the lack of qualified personnel to effectively operate the SIEM remains the biggest challenge (41%). While this is an industry-wide phenomenon, it’s concerning that nearly half of organizations share a similar dilemma. This shortage may also fuel an increase in managed solutions delivered as a service as organizations seek to fill this staffing gap. The next two challenges are managing too many false positives (37%) and a lack of budget (34%), highlighting the difficulty of setting it up and fine-tuning it and the dilemma of balance IT security budget allocations, respectively.
The future of SIEM
As cyberattacks grow in scale and frequency, SIEM platforms continue to play an invaluable role in managing threats. For security and risk management professionals, they provide holistic, actionable insights that help prevent breaches and minimize business disruption. Now, with AI, automation, and machine learning powering cutting-edge SIEM innovations, organizations can receive accurate, real-time alerts across their entire digital ecosystems of users, apps, databases and cloud environments without noise or confusion.