Published on: August 20, 2022
Cyber-attacks are on the rise and so is the resulting damage, and no one is 100% safe from, as attackers are constantly improving their schemes and tools.
All kinds of organizations are implementing several different cybersecurity solutions to protect their data, such as anti-malware software, firewalls, IDS/IPS systems, proxies, and complete SIEM technologies.
But what is SIEM exactly and how does it help businesses protect their sensitive information from cyber threats?
In today’s interview with Andrew Hollister, CSO of LogRhythm, we will give you an introduction to SIEM, and get some expert tips on how to be ready to face the most recent and upcoming cybersecurity attacks.
Could You Introduce LogRhythm To Our Audience? When Did You Start And How Have You Evolved?
Founded in 2003, LogRhythm helps power today’s security operations centers (SOCs) with an award-winning SIEM Platform to protect organizations, employees and customers from the world’s most significant cyberattacks. LogRhythm is on the frontlines with its customers and empowers them to navigate an ever-changing threat landscape with confidence. As allies in the fight, LogRhythm combines a comprehensive and flexible security operations platform, technology partnerships and advisory services to help SOC teams close the gaps.
To help organizations protect their assets, LogRhythm is committed to innovate and evolve at a product and market level. For instance, LogRhythm released the first True Unlimited Data Plan for security information and event management (SIEM), aimed to provide cost predictability for CISOs. It was the first actual unlimited offering in the SIEM space. LogRhythm has also released a cloud-based version of its SIEM Platform, which provides the full experience of the original on-premise version while providing the benefits of Software as a Service (SaaS).
Earlier this year, LogRhythm introduced its new brand identity, which embodies the company’s commitment to helping security operations centers close workforce gaps, increase knowledge of new attacks and techniques, and navigate an ever-changing threat landscape confidently.
The rebrand was the first of many changes to come in 2022 for LogRhythm, including the launch of version 7.9 of the LogRhythm SIEM Platform and updates to LogRhythm NDR and LogRhythm UEBA. This launch and updates provide new features designed to help security teams overcome everyday challenges by accelerating threat response, improving workflows and simplifying processes.
What Software And Services Do You Offer?
LogRhythm provides SOC services to help organizations build their strongest defense against cybercrime and maximize return on investment. It does this by providing a comprehensive platform with the latest security functionality, including security analytics; network detection and response (NDR); user and entity behavior analytics (UEBA); and security orchestration, automation, and response (SOAR). LogRhythm’s solution also helps customers measurably secure their cloud, physical and virtual assets for IT and OT environments.
What Is SIEM Exactly, And How Does It Work?
A SIEM solution provides real-time visibility across an organization’s entire environment, making it more efficient to detect and respond to cyberthreats. SIEM solutions allow organizations to efficiently collect and analyze log data, security alerts and events from all of their digital assets and provide real-time analysis for security monitoring. This also gives organizations the ability to investigate past incidents or analyze new ones so they can investigate suspicious activity and implement more effective security processes.
SIEM software works by gathering log and event data generated by applications, devices, networks, infrastructure and systems to draw analysis and provide a comprehensive view of an organization’s IT environment. In order to generate actionable insight during investigation, SIEM solutions analyze all of the data in real-time and make use of rules and statistical correlations. SIEM technology also assists security teams in identifying malicious actors and mitigating cyberattacks by sorting threat activity according to its risk level.
SIEM software is also widely used to demonstrate compliance with regulatory frameworks and compliance mandates. The data collected by the SIEM can provide the basis for both real-time compliance visibility as well as search and reporting in support of control requirements.
So What Are The Features That Make Your Siem Software Stand Out?
No matter what the goals or environmental needs may be, LogRhythm’s SIEM platform has flexible deployment options to ensure organizations get the best fit. The LogRhythm SIEM can be deployed on-premises, in IaaS of their choice, or through a managed security service provider. Additionally, LogRhythm Cloud offers a complete SIEM experience with the simplicity and flexibility of a SaaS solution. Using a SIEM like LogRhythm, IT and information security departments can segment out the various log sources, retention requirements, reporting, and dashboard visibility by access-control and data segment.
LogRhythm also offers its embedded expertise in the form of content aligned with Threat, Compliance and Operational Risk areas. This content is made available to all of our customers and enables them to quickly and easily demonstrate compliance with global regulations, as well as detect and respond to attacks whether they are user, network, endpoint or cloud based.
Is There Any Recent Cyber-Attack That Concerned You More Than Others?
In March, Shields Health Care Group confirmed a data breach that affected two million people and more than 50 health care facilities. The hacker was able to access personal information such as names, Social Security numbers, addresses, insurance information, and medical records. This breach needs to serve as a warning that no company is safe from a cyberattack. Healthcare organizations continue to be a target for data breaches and other malicious cyber activities. This is due to the valuable and sensitive information being stored in their IT databases as people depend on these institutions for personal care and health needs. It’s concerning how this attack illustrates that some groups will continue these targeted efforts, regardless of the potential cost to human life, resources, and health. To avoid these IT outages and potential data leaks, organizations need to prioritize their cybersecurity posture.
How Do You Believe The Cybersecurity Field Will Evolve In The Next Years?
The cybersecurity industry is constantly changing and cybercriminals continue to develop new ways of exploiting vulnerabilities. Security professionals are no longer only battling lone hackers who are practicing difficult-to-perform attacks. Instead, they are dealing with hackers who can now automate their cybercrime operations to launch thousands of attacks every day.
In the next five years, the use of IoT technology will increase as more people use it in their day-to-day lives. IoT devices will continue to have extremely weak security control even when connecting to networks and other devices, giving hackers easy access to highly sensitive information. Many businesses will struggle even more to provide the added defense measures that will keep these devices and everything they’re connected to secure.
As a result of this, ensuring continued business operations, protecting against intellectual property loss, ensuring regulatory compliance, and protecting against the cost and loss of reputational damage associated with data breaches will be more challenging and vital to business survival. With the cybersecurity field evolving in the years to come, the cyber market will be extremely relevant to businesses of all sizes and across all industry sectors.
Lastly, Any Exciting News Or Developments About Logrhythm That You Would Like To Share?
LogRhythm’s sixth annual cybersecurity conference, RhythmWorld, is taking place this September. RhythmWorld is the premier cybersecurity conference for the latest security insights, viewpoints on emerging threats and assistance in reaching security goals. The conference will also provide in-depth learning sessions, comprehensive training and access to LogRhythm experts.