A large utility company approached MixMode with the following scenario: The enterprise SOC was utilizing a shared SIEM application that was being utilized by several stakeholders: the networking team, the SCADA team, the dev-ops team, the compliance team and cybersecurity teams for “basic search and investigation of log files to meet regulatory compliance requirements”.
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.
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 Alternatively, organizations can replace their outdated SIEM with a modern single platform self-learning AI solution.
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.
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.
Managed Service Providers (MSPs) today have a tremendous opportunity to help solve the cybersecurity knowledge gap for many small- to mid-market businesses. We’ve all read the “X-number of shortage of cybersecurity professionals by 2020” in the major publications. For example, CNBC’s article, “A serious shortage of cybersecurity experts could cost companies hundreds of millions of …