SIEM administrators also suffer from alert fatigue, which is a source of error and talent attrition. When an analyst is dedicated to pure alert triage, the work can be mind-numbing and dull valuable skills. Many talented analysts will pursue other roles. Another consequence of alert fatigue is human error. It’s easy for someone to miss one step in a triage process that’s done tens or hundreds of times each day.
When products and solutions no longer add more value than the costs associated, that solution is usually at the end of its life-cycle. SIEM has reached its end and is now a true legacy model. RIP.
It’s not surprising as of 2016, nearly 70 percent of companies were actively looking for ways to slash their SIEM management costs. While SIEM is gasping its last breath, the managed service model is growing up, and reaching maturity. Gartner predicts that by 2020 more than 70 percent of security will be deployed through managed security models that provision people, process and technology to combat the sophisticated ramp up of global cyber threats. By deploying next generation, managed Security Operation Center (SOC) solutions, companies of all sizes can drastically cut costs and greatly benefit from real-time threat management and response without having to skip a beat.
SOC-as-a-Service model has proven to be an extremely cost-efficient and effective tool for enhancing overall security posture. With SOC-as-a-Service, you maintain all the benefits of your current IT team whether in-house or outsourced. However, the additional layer of security is managed in a true Security Operation Center, giving an organization’s IT staff the ability to do the following:
- Trace the entire lifecycle of a threat.
- Have transparency into their own networks.
- Manage compliance effectively.
- Accurately gauge ROI of the service.
In effect, you significantly scale back your cybersecurity budget while improving the value of your threat detection and response strategy. Learn More About Redbot iSOC MDR or Contact us for a free consultation / quote.