Usually, when it comes to cybersecurity spending, people tend to try to calculate risk, savings on breach costs, compliance gaps, reputation costs. Those are all very relevant, but it turns out that for the business, one of the most important aspects of cybersecurity is speed. Below are five different aspects of speed by which a cybersecurity solution (e.g. a SIEM) should be evaluated.

A recent study reveals that cybercrime costs the world economy more than $1 trillion, a more than 50 percent increase from 2018. Damage to companies also includes downtime, brand reputation, and reduced efficiency. Besides installing anti-malware software to protect against cyberattacks, however, there is other security software to consider. One option is a SIEM (Security Information and Event Management) solution.