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Despite a three-year SIEM deployment and a two-year UBA deployment, government personnel needed an alternative to better detect and manage threats in real-time, as well as an improved platform for gathering comprehensive data.
At MixMode our one algorithm is capable of catching any anomaly that may appear on the network. In contrast, other security programs rely on a reactive method of patching and constantly adding to their algorithms each time a hack occurs so that the network learns what to look out for.
Because the fundamental nature of SIEM requires infinite amounts of data, security teams are forced to constantly wrangle their network data and faced with an unmanageable number of false positive alerts. This means they have to devise efficient ways to collect, organize and store data, resulting in an incredible investment in human and financial resources.
The cybersecurity market has, simply put, been cobbled together. A tangled web of non-integrated systems and alerts from siloed systems. Enterprises are now being forced to utilize a “Frankenstein” of stitched together tools to create a platform that might cover their security bases.
Despite its inherent flaws, today’s SIEM software solutions still shine when it comes to searching and investigating log data. One effective, comprehensive approach to network security pairs the best parts of SIEM with modern, AI-driven predictive analysis tools. Alternatively, organizations can replace their outdated SIEM with a modern single platform self-learning AI solution.
MixMode teamed up with Ravenii to host a webinar focused on the history and evolution of SIEM platforms, their ideal role in a SOC today, and how they fall short as a threat detection tool in today’s modern cybersecurity environment.
It should be noted that SIEM platforms are exceptionally effective at what they initially were intended for: providing enterprise teams with a central repository of log information that would allow them to conduct search and investigation activities against machine-generated data. If this was all an enterprise cybersecurity team needed in 2020 to thwart attacks and stop bad actors from infiltrating their systems, SIEM would truly be the cybersecurity silver bullet that it claims to be.
The fundamental SIEM flaws lie in the platform’s need for continual adjustment, endless data stores, and a tendency to create an overwhelming number of false positives. When organizations instead turn to a next-generation cybersecurity solution, which predicts behavior with an unsupervised (zero tuning) system, they are poised to save on both financial and human resources.
Complying with privacy regulations requires all organizations to have access to data on demand, wherever it lives on a network. With the unfathomable amount of data managed by most organizations operating in the finance space today, it can become a significant challenge to locate specific data across legacy systems and networks with countless connections online and off.
The Security Operations Center (SOC) of today is fundamentally flawed. Currently enterprise cybersecurity spend is higher than ever, but despite multi-million dollar cybersecurity investments, organizations remain vulnerable to attacks. One of the major reasons for this is legacy SIEM deployments. More spend does not equal more security.
When it comes to advancements in cybersecurity, rule-based systems are holding the industry back. Relying on humans to constantly input and label rules in order to detect and stay ahead of threats is a bottleneck process that is setting security teams up for failure, especially with tools like SIEM, NDR, and NTA.
Handling and managing data today has become unwieldy for IT teams on multiple fronts, but the security impact is especially troubling.
The time required for data processing, transition, aggregation, and the normalization does not allow real-time threat detection using today’s SIEM solutions. The only beneficiary of security through log aggregation is the SIEM vendor.
Financial institutions spend five to ten million dollars each year managing data. A recent Computer Services Inc (CSI) study reveals that most banks expect to spend up to 40 percent of their budgets on regulatory compliance cybersecurity, often adopting expensive data normalization strategies.
The predictive AI field of machine learning collects, analyzes, and tests data to predict future possibilities. AI’s neurological network is patterned on the human brain. But AI works on a scale that goes far beyond what is humanly possible. The top uses for predictive AI technologies to protect sensitive data and systems are in network detection and response (NDR), threat detection, and cybercrime prevention.
The very nature of data is its infinite capacity for growth. For security teams at large, highly integrated and complex enterprises like financial services institutions, that growth can quickly become unwieldy when the approach is to store, normalize and prepare all of this data in order to extract value.
Geoff Coulehan, MixMode’s Head of Strategic Alliances, joined Secrutiny’s “Magnify Podcast,” to discuss the priorities CISOs should focus on to better protect their now-remote team of employees.
MixMode is proud to release our platform sensor for Google Cloud! With this capability, customers can now monitor their Google Cloud infrastructure for security anomalies and zero-day attacks, using the same industry-recognized MixMode platform enterprises already use for on-premise security monitoring, Amazon Web Services monitoring, and Microsoft Azure monitoring.
The evidence indicates that these attackers are traditionally specialized in hijacking social media accounts via SIM Swapping.
Most cybersecurity vendors today tout some form of “Artificial Intelligence” as an underlying mechanism for the differentiation of their product among the market. But if everyone is saying they have AI, and everyone is also claiming theirs is the “best,” how can they all be telling the truth?