Market research by CBInsights estimates that more Unicorn startups will come from the data management market as the demand for data integration and visual analytics continue to increase. The outbreak of COVID 19 has disrupted lives and has brought irreversible changes to our lifestyles. Digitalization is one such consequence of disruption. As a result, the global enterprise data management market is estimated to grow by $64.08 billion during 2021-2015 at a CAGR of 12.89%.
More digitization means more cyber threats. In the past two years, the demand for robust data security solutions has increased astronomically.
There was a time when Security Information and Event Management (SIEM) solutions were so expensive that only huge organizations could afford them. With increasing demand, SIEM solutions are now affordable and largely available. To optimally utilize this security solution, you should first understand what is its use and which SIEM software solution is perfectly suitable for your organization’s needs.
SIEM is a cyber security tool that is built for the advanced detection and analysis of threats. NewEvol SIEM has an inbuild threat intelligence tool that sets it apart from regular SIEMs. It has advanced cyber analytic capabilities. Its advanced features enable the SOC team to detect and address cyber threats before they disrupt the organization’s IT environment. It has an integrated MITRE framework dashboard which helps it detect, visualize and represent threats in a most effective manner.
SIEM chiefly performs two tasks:
– Reports security incidents
– Generates alerts based on the analytics that complies with a certain rule set.
How does it work?
A hyperconnected digital ecosystem can create a data deluge and there are many doorways open for cyber threats. SIEM works as a data aggregator that can collect huge volumes of data from the connected IT environment. The data is then consolidated and if any security breach is found, it is highlighted in real-time with all the essential details like the source and nature of the threat.
Read More: NewEvol Next-Gen SIEM: Information Security Platform - SIEM Solutions