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SIEM for Small and Medium-Sized Enterprises: What you need to know
- Research from the Identity Theft Resource Center (ITRC) recently found that 73% of US small business owners experienced a cyberattack in 2023.
- Security Information and Event Management (SIEM) solutions combine security information management (SIM) and security event management (SEM) into a single security management system, providing organizations with a centralized location to understand the activities in their IT environments.
- Contrary to what they might believe, small and medium-sized enterprises (SMEs) are a favorite target for cybercriminals.
- SMEs must find a way to protect themselves without breaking the bank. Security Information and Event Management (SIEM) solutions are a great way to achieve this.
- SIEM solutions offer many benefits for SMEs, enhancing their security posture while keeping costs relatively low.
- SIEM solutions help SMEs demonstrate compliance by continuously generating audit and reporting trails, which organizations can present to regulators.
- The best SIEM solutions will have pre-defined playbooks that outline response actions for the most common types of security incidents.
- Most SMEs want to grow their business, so they must look for security solutions to grow with them. The best SIEM solutions use flexible cloud infrastructure.
- However, it’s crucial for SMEs to recognize that not all SIEM solutions are equal.
- All in all, SIEM – particularly SIEM-as-a-Service – can have a transformative impact on the security of SMEs without overstretching their understandably tight budgets.
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