The majority of small businesses lack the resources necessary to handle all of the functions offered by managed SIEM services. A small business may be completely devoid of dedicated IT personnel. Even if it does have some, they are almost certainly already swamped with other IT-related tasks.
This may include implementing new software strategies and conducting research to determine the optimal product stack for business operations. Oftentimes, there is simply not enough time in the day to monitor and respond to all network events.
Identifying and resolving network vulnerabilities is one of the responsibilities of information technology professionals. However, with limited resources and an expanding IT scope, many CIOs lack the resources necessary to devote to identifying vulnerable systems. Again, this is a function that third-party managed SIEMs are capable of performing.
They scan the network for vulnerabilities and then address them, decreasing the likelihood of a breach over time.
Lack of Time
Each product is unique, and IT professionals may need to spend days or even weeks learning how to use it effectively. Additionally, the software requires a substantial amount of labor time from a business. Because most SIEM systems do not perform this function automatically, cybersecurity personnel must physically sit there monitoring logs and investigating threats.
In a small business, IT professionals need to focus on tasks that add the most value to the organization, not on network monitoring. Thus, many businesses choose a managed approach due to a lack of time.
Managed SIEM services are capable of performing tasks such as behavioral monitoring and quickly identifying unusual network activity. Third-party operators can notify and alert immediately if suspicious behavior is observed. This allows for immediate action and resolution upon occurrence.
Hiring IT staff to monitor the network is costly. Only the largest and most profitable businesses are capable of bringing it in-house. As a result, the vast majority of businesses opt for managed services. While managed SIEM services are significantly less expensive than hiring a new full-time employee, they provide many of the same benefits.
Managed SIEM services rely on dedicated teams of analysts who split their time between multiple clients. Intelligent software feeds events to these analysts, who then analyze and report on them to businesses. Frequently, managed SIEM services will take action on behalf of the company to protect the network.
What makes managed SIEM services interesting is that they can help businesses improve both productivity and security. Consider the case where a company utilizes a managed SIEM provider to manage its firewall.
While firewalls are excellent at preventing unwanted traffic, they have a nasty habit of blocking a variety of other things that need to enter and exit a network – such as traffic that has not been classified as good or bad yet, or an attack method that the firewall is unaware of yet.
Managed SIEM services can update firewall settings and other security settings across an IT landscape, allowing critical data to pass through while also tuning the system to avoid infection with malware and viruses. Managed SIEM can assist in capitalizing on all priorities and maximizing the efficiency of IT resources.