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

New Products

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame.

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.

  • Hanwha QNO-7012R

    Hanwha QNO-7012R

    The Q Series cameras are equipped with an Open Platform chipset for easy and seamless integration with third-party systems and solutions, and analog video output (CVBS) support for easy camera positioning during installation. A suite of on-board intelligent video analytics covers tampering, directional/virtual line detection, defocus detection, enter/exit, and motion detection.