SIEM is the central nervous system for gathering and generating IT intelligence
A SIEM ingests log data from a variety of network hardware and software and analyses the data in real-time. A SIEM’s purpose is to correlate events and identify anomalies or patterns of behaviour like traffic from suspicious IP addresses or unusual exfiltration of data that may indicate a breach.
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Benefits of SIEM

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Help Understand Security Threats

Most organizations generate far too much event data for any human to be able to make sense of it. A SIEM can pull data from disparate systems into a single pane of glass, allowing for efficient cross-team collaboration in organisations
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Data Presentation

SIEM’s have the ability to present data in a variety of ways. The advantage is that analysts can visually spot trends, anomalies, traffic spikes, and so much more
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Compliance Assistance

Almost every business is bound by some sort of regulation, such as PCI-DSS  and many need to attain and maintain certifications such as ISO 27001. Attaining and maintaining compliance with these regulations and certifications is a daunting task. SIEM can address compliance requirements both directly and indirectly while reporting capabilities provide audit support to verify that certain requirements are being met
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Zero-day threat detection

New attack vectors and vulnerabilities are discovered every day. Firewalls, IDS/IPS and AV solutions all look for malicious activity at various points within the IT infrastructure, from the perimeter to endpoints. However, many of these solutions are not equipped to detect zero-day attacks. A SIEM can detect activity associated with an attack rather than the attack itself
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Forensics

A forensics investigation can be a long, drawn-out process. By storing and protecting historical logs, and providing tools to quickly navigate and correlate the data. SIEM allows for rapid, thorough and court-admissible forensics investigations