A security and information event management (SIEM) tool can be a valuable component of a mature security strategy. Indeed, effective SIEM solutions have been available for well over a decade. Organizations typically purchase SIEM tools expecting fast implementation and reliable security threat alerts that provide the intelligence required to respond promptly and prevent breaches. The reality is quite different.

It now takes organizations 207 days to identify and 73 days to contain security breaches, according to IBM’s 2020 Cost of a Data Breach Report. That means the average “lifecycle” of an incident is a staggering 280 days — 7 months! Moreover, cybercrimes are becoming increasingly sophisticated and attackers are quicker than ever when it comes to finding cracks in corporate infrastructure.

Security operations is now a critical business function tasked with securing digital transformation initiatives, to effectively mitigate evolving attacks and expanding attack surfaces, handle complexity and tool proliferation while teams are continuing to be virtual and distributed.