SIEM

Next Gen SIEM: Complete Guide To The Future of Cybersecurity

In the ever-evolving landscape of cyber security threats, the demand for next gen SIEM market is constantly increasing. 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, companies should first understand what is its use and which SIEM software solution is perfectly suitable for your organization’s needs.  

What is a next gen SIEM solutions?  

It is just the evolution of SIEM with advanced capabilities, including workflow automation, streamlined response processes, and a user-centric focus causing enrichment of user.

Cloud native by nature, SIEM (Security Information and Event Management, also referred to as security event management (SEM), is a cyber security tool, built for the advanced detection and analysis of emerging threats, minimizing false positives. 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 and risk before they disrupt the organization’s IT environment. It has an integrated MITRE framework dashboard which helps it detect, visualize and represent real 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. 

Traditional SIEM vs next gen SIEM Solution

Aspect	Traditional SIEM	Next gen SIEM
Data Collection	Limited to logs from security devices	Extends to logs, network traffic, endpoint telemetry, and cloud environments
Detection Approach	Rule-based detection	Machine learning, behavioral analytics, behavior profiling and AI-driven detection
Scalability	Limited scalability	Highly scalable, capable of handling large volumes of data
Response Capability	Reactive, primarily alerting-based	Proactive, includes automated response actions, advanced analytics and threat hunting
Integration	Limited integration with other security tools	Deep integration with other security solutions for better orchestration
Threat Intelligence	Relies on static threat feeds	Incorporates dynamic threat intelligence and threat hunting capabilities
User Experience	Typically complex and requires extensive customization	User-friendly interfaces with intuitive dashboards and workflows
Regulatory Compliance	Helps meet compliance requirements	Assists in compliance adherence with built-in reporting and auditing features
Cost	Upfront licensing fees with additional costs for storage and maintenance	Often subscription-based, with costs based on usage and features
Real Time Monitoring	Has Certain limitations for security monitoring	Emphasizes more on detection and response to security incidents, malware etc.
UEBA	Has Limitations to no UEBA capabilities	Robust UEBA for detecting abnormal user behavior and insider threats

How does next generation SIEM work? 

A hyperconnected digital ecosystem can create a data deluge and there are many doorways open for cyber threats. Unlike traditional SIEM solution, Next generation 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 potential security breach is found, it is highlighted in real-time with all the essential details like the source and nature of the threat. 

For this, the SIEM platform works in three phases:  

1. Data Collection from diverse sources:

Security platform collects logs from various data sources like security devices, cloud applications etc.

2. Correlation:

After the mammoth task of critical data collection, next gen SIEM correlates the data & identifies security events in real-time through an advanced correlation engine. In case of inconsistency, it generates alerts and prioritizes them based on the MITRE attack framework. After that, further analysis is performed.  

3. Engaging visualization:

After correlation, data is pushed to the dashboard. The dashboard engagingly displays the data in the form of intuitive charts and diagrams. It ensures that analysts do not miss out on a single security alert.

Cutting-edge essential features of NewEvol SIEM Solutions:  

1. It provides actionable insights

Our legacy SIEM Solutions is capable of functioning in a real-time environment. It quickly detects cyber unknown threats and provides a complete analysis of the threat. These actionable insights help analysts prepare a robust defense mechanism.

2. providing comprehensive visibility extending beyond traditional perimeters:  

NewEvol SIEM comprehensively displays logs. It becomes easier for security analysts to view and analyze complex logs and events & facilitate tasks like Auditing compliance event reporting.

3. It correlates events from multiple devices:  

NewEvol SIEM is empowered with a powerful correlation engine. Thus it can correlate different events happening in an IT environment connected with various security and cloud devices.  

4. It is scalable:  

NewEvol SIEM is built on a scalable architecture. Without any downtime, it can expand and scale-up. It means that data analysts can continue their work without any data loss.  

5. User-friendly GUI:  

NewEvol SIEM has a comprehensible Graphical User Interface (GUI) tool. It helps analysts to investigate, monitor threat hunting individually and independently.  

6. Can be integrated easily:  

NewEvol SIEM comes with an open API architecture, simplifying deployment process. Users can easily integrate their devices with the SIEM solution.  

7. It comes with a natural language query builder:  

NewEvol SIEM has a natural language query builder which facilitates threat analysis without the knowledge of additional programming language.  

Which SIEM Solutions do you need?  

Some SIEMs can be extremely noisy as they generate several false alarms as well. Therefore many organizations are maintaining two separate SIEMs. The one can be resource-intensive and can be utilized for compliance with data privacy regulations such as HIPAA, PCI, SOX, GDPR etc. The other can be used for its original purpose, which is data security.  

Beware of these pitfalls while choosing next gen SIEM

• Specific users or IT teams should carefully verify the quality of the logs generated. If they are generated from infected endpoints, then the security of the entire SIEM systems can be compromised. SIEM systems should receive correct and sufficient log files to perform its task optimally.  

• If everyday events of an IT environment turn into alerts, it can drive analysts crazy. The real problem then would be lost in the unnecessary noise. While implementing a SIEM software solution, this particular point should be taken into the consideration.  

• Do not overlook the storage needs. You need sufficient storage space for the log files. Some SIEM solutions charge extra for storing the data in their system. In the case of a cyberattack, investigators may need an extensive number of logs to track and analyse the malicious activity and its entry points.  

• When you implement a SIEM solution for a particular business, consider future growth, current resources for data storage and analytics capabilities of the next generation SIEM you have selected. 

Also Read:
Which is The Most important Factor When Selecting a SIEM Solution?