The Important Role SEIM Plays in SOC

Every business owner knows that cybersecurity is important for their company. Cybersecurity helps curb the attacks of hackers, ransomware attacks, or cyber criminals; otherwise, the risk of losing sensitive data and having their client’s privacy breached is very high.

Therefore, it is important for your business to monitor their company’s network activities and appliances, as well as, if in place, the cybersecurity technology that protects your company’s data and resources. Without monitoring these activities, you won’t know if security equipment malfunctioned, if there is malware, or if hackers got past security measures and started stealing data.

Not only can this ruin the company’s public reputation, but it can also be expensive to recover lost data and fix malware- and virus-infected IT systems. As a result, many business owners are ensuring their organizations have solid SIEMs and SOCs.

The need for continuous monitoring, incident response, and adherence to compliance requirements keeps increasing in the business market. As a result, it is estimated that the use of SIEM in today’s business world will grow at a CAGR of 5.5%.

What is SOC?

SOC stands for Security Operations Center. The SOC is a center that manages IT security operations for the entire company and is in charge of protecting the business against cyber threats and attacks.

Simply put, the SOC team is responsible for protecting a company against cyber-attacks. They detect cyber threats and prevent them from happening. They also perform continuous monitoring of an organization’s network. The SOC differs from a NOC (network operation center) in that it focuses more on network security than on network utilization and performance.

For better cyber threat monitoring, large companies sometimes have a SOC team. However, many companies prefer to outsource their SOC operations. This is because it is more effective and cheaper.

In a single working day, SOC teams can get tens of thousands of security warnings, and no team in the world could manage that amount of work. As a result, a SIEM solution is needed.

What is SIEM?

SIEM is known as security information and event management. This solution is a collection of cybersecurity components that monitors network traffic and resources. Using rules and statistical resources, SIEM transforms security system log entries and events into actionable information. Security teams can use this information to manage incident response, conduct forensic investigations on previous security occurrences, and prepare audits for compliance requirements.

SIEM collects data from various sources, analyses it, and provides real-time information on potential security alarms. Once a suspicious activity has been detected, it is sorted out according to its risk level, allowing security experts to handle other threats according to their risk level.

The combination of all this data into a single platform streamlines data security analysis and makes it easier to integrate it with other products. Most importantly, SIEM systems send potential threats to the SOC team, speeding up the process of detecting and responding to cyber-attacks. This greatly enhances your business security.

The Important Role of SIEM in SOC

A SIEM is an irreplaceable system for a SOC team. Here are the roles SIEM plays in SOC

• The SIEM solution reduces the workload for SOC analysts. SIEM combines data from many sources and uses data analytics to identify the possible threats that could occur in your business. With the data available, SOC analysts can focus on handling these attacks.

• One of SOC’s primary duties is to set up and manage all security monitoring. To do this, they will have to use various tools to monitor all of this data, including firewall monitoring and login-and-logout monitoring. SIEM plays a vital role here. SIEM helps the SOC effectively monitor all of the data. This turn makes the SOC more efficient.
• SOC analysts use analytics from SIEM to identify and analyze data from current cyber security attacks. They will be able to identify who the attacker might be, know what attack it was, and show other malicious behaviors.
• Thanks to the wealth of data and analytics SIEM provides, SOC will be able to better secure your business and identify potential threats before they even occur.

Advantages of SIEM Systems to SOC

The following are some of the main advantages of SIEM solutions to SOC:

Aggregation of Logs

A SIEM solution can be integrated with various endpoints and security programs. It can automatically gather the log files and alert data they produce, interpret them, and make the results available to SOC analysts for detection, response, and threat finding.

Increased Context

When considered separately, most signs of a cyber-attack can be readily discounted as noise or harmless irregularities. However, when connected by several different data pieces, a threat can be detected and identified. SIEM helps provide the context needed to identify unidentifiable attacks against a business’s network.

Alert Volume Reduction

Due to the wide range of security solutions many companies use, there is always an abundance of log and alert data. SIEM helps SOC organize and connect the data, identifying alerts most likely related to real threats. This enables SOC analysts to focus more on smaller and organized alerts, reducing time wasted on false threat detections.

HR Investigation

When an employee is suspected of being directly involved in a security incident that affected the company, SIEM collects all the data associated with the employee’s long-term interactions with IT systems. This way, SIEM finds anomalies like unauthorized access to company systems at odd hours, privilege escalation, or data movement. This way, the SOC team can focus more on fixing the problem.

Departed Employees Risk Mitigation

Many employees who leave their jobs still have access to some business systems and can log in using those credentials. When a breach occurs, SIEM maps out the problem and identifies which systems have unused login credentials. It also indicates which former employees use those systems and the data affected.

Invest in SIEM Solutions

Every business needs tight security. This is something that Unbound Digitals will equip you with. 

Contact us today to schedule a consultation. Call 423-467-7777 or reach us online.