Research: Greater Sophistication Of Cybercrime Helping Adoption Of SIEM

Organizations have begun to implement sophisticated security products to thwart criminals both within and without the organization in the wake of escalating severity, complexity and occurrence of cyber crimes, especially those relating to online transactions. Security Information and Event Management products offer protection against malicious activity within a network by constantly monitoring and acting upon safety intrusions, thereby safeguarding an organization's virtual and physical assets.

New analysis from Frost & Sullivan  World Security Information and Event Management (SIEM) and Log Management Products Market, finds that the market earned revenues of $678.1 million in 2009 and estimates this to reach $1.3 billion in 2015.

With various options such as implementation through hardware or software appliances, and managed services, SIEM is a vital cog in the secure and smooth operation of a business' network. A combination of SIEM and logging solutions is an option that all organizations must give due consideration to.

SIEM products not only help organizations maintain and comply with security regulations, but also offer defense, along with monitoring and reporting, which allows customization and scalability.

SIEM products incorporate multiple functions such as logging, reporting, network behavior analysis and alerts through its design. The market for these products are at the maturity stage, wherein emphasis is placed on increased feature sets, easier implementation and better integration with other security products.

SIEM's product visibility has improved with higher adoption; however, the high costs of deployment and the difficulty in quantifying its return on investment (ROI) have deterred its wide-scale adoption. Despite the availability of multiple options, participants must present the ROI benefits of SIEM or log management product.

"Due to the recent economic downturn and the consequent cut in IT budgets and staff, SIEM and log management product demand has increased," sid Frost & Sullivan research analyst Richard Martinez. "Financial institutions, government agencies, and others needed a solution that allowed them to stretch their capabilities and help lockdown their networks."

While most of the Fortune 500 companies already have a SIEM system running, the mid-market adoption is slower, due to the cost of a SIEM, and thereby holds substantial opportunities. SIEM's definition and functions have become unclear with feature sets increasing and varying by vendor. This makes it imperative for customers to be better educated regarding the compatibility and scalability requirements specific to their case.

"SIEM vendors will have to create a message correlating the necessity and capabilities of a SIEM in an organization's security environment," Martinez said. "Although SIEMs are pre-packaged with a set of security features, vendors will have to market to potential and current clients based on their specific use-cases to clearly inform them of the value SIEM can lend to their security portfolio."

 

Featured

  • Paving the Way to Smart Buildings

    In today's rapidly evolving security landscape, the convergence of on-prem, edge and cloud technologies are critical. The physical security landscape is undergoing a profound transformation, driven by the rapid digitalization of buildings and the evolving needs of modern organizations. As the buildings sector pivots towards smart, AI and data-driven operations, the integration of both edge and cloud technology has become crucial. Read Now

  • The Cybersecurity Time Bomb

    If you work in physical security, you have probably seen it: a camera, access control system, or intrusion detection device installed years ago, humming along without a single update. It is a common scenario that security professionals have come to accept as "normal." But here is the reality: this mindset is actively putting organizations at risk. Read Now

  • Deploying in a Hybrid, Cloud Environment

    The way organizations manage access control is evolving. Traditional on-premises systems come with high IT and server requirements. At the same time, fully cloud-based solutions may not meet the needs of every facility. Read Now

  • Facing Facts for Facilities

    Despite the proliferation of constantly evolving security solutions, there remains a troubling trend among many facility operators who often neglect the most important security assets within their organization. Keys and shared devices like radios, laptops and tablets are crucial to successful operations, yet many operators are managing them haphazardly through outdated storage systems like pegboards and notebooks. Read Now

  • Report Reveals Security Training Reduces Global Phishing Click Rates by 86%

    KnowBe4, the cybersecurity platform that comprehensively addresses human risk management, today launched its “Phishing by Industry Benchmarking Report 2025” which measures an organization’s Phish-prone Percentage (PPP) — the percentage of employees likely to fall for social engineering or phishing attacks, indicating the organization’s overall susceptibility to phishing threats. This year’s report found a global average baseline PPP of 33.1%, meaning a third of employees interact with phishing simulations before taking part in best-practice security awareness training (SAT).COVER 2025-PIB-NA-Report_EN-US Read Now

New Products

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”