The latest News and Information on Security Incident and Event Management.
As we’ve covered before, SIEMs are an expensive tool. The average enterprise-level SIEM deployment costs over £15 million a year, and operating a small, 100 to 1000-seat SIEM will still run up bills of over £10k monthly. SIEMs create spiralling costs that eat security budgets. Without a skilled team operating them, they can also make organisations less secure despite receiving more information about their digital estates. But where do these SIEM costs come from?
Security information and event management (SIEM) systems play a pivotal role in cybersecurity: they offer a unified solution for gathering and assessing alerts from a plethora of security tools, network structures, and software applications. Yet, the mere presence of a SIEM isn't a magic bullet. For optimal functionality, SIEM systems must be appropriately set up, governed, and supervised round-the-clock.