The global SIEM market is estimated to reach US $ 8.5bn by 2027 , representing over a 50 % increase from 2022 , according to IBM Security ’ s Security Intelligence blog

centralised data collection and analysis capabilities , SOCs leverage these insights , along with other security tools and processes , to orchestrate and execute incident response and mitigation efforts .

“ In a converged platform , AI is being used to embed automation , saving analysts time and effort in responding to incidents or managing risks such as attack surface exposures ,” explains Amit . “ Moreover , AI now gives security teams the flexibility to add , customise , or modify automation with these capabilities according to their specific needs .”

By combining the data collection and analysis capabilities of a SIEM solution with the incident response processes of an SOC , organisations can gain a centralised view of their security landscape . Having this view enables the SOC to prioritise incidents based on their potential impact and initiate appropriate response actions , such as containing a malware infection or investigating suspicious network traffic .

SIEM ’ s future status Although views may differ on what to do with SIEM , the verdict is clear : a paradigm shift is upon us .

114 August 2024