Editor’s Note: The article below, 4 Reasons to Upgrade Your SIEM with an MDR Provider, is an excerpt from Choosing the Right SIEM for Managed Detection and Response Service – a White Paper recently released by cybersecurity experts at Deepwatch and Splunk. Click here to learn more and download the full white paper.
When deciding on a Security Information and Event Management system (SIEM) to support managed detection and response (MDR), there are a few things to consider from a cost/value perspective when working with a managed security services provider (MSSP).
1. Time to Value
The ability to rapidly install a SIEM and have it begin providing insight as quickly as possible is crucial. If you need to begin to provide value to your organization or your customers immediately, then a quick SIEM install is preferred. Upgrades to legacy SIEMs and open-source SIEMs are going to take more time and cost more. A managed SIEM solution will provide time to value more quickly.
2. Data Schema Management
With extensive amounts of data, it becomes critical to centralize and normalize information without the complexity of having to fully understand and manage the data model itself. Upgrades to legacy SIEMs and open-source SIEM installations require you to understand the data scheme and how it is ingested and indexed. An MSSP providing a managed SIEM service will manage the data schema components for you.
3. Quick Onboarding
When working with an MSSP to manage your SIEM, your business should be able to onboard the SIEM as quickly as possible to minimize costs and to ensure the system is providing the value expected.
4. Ease of Use/Minimal Training
A managed SIEM solution should enable a fast ramp up of analysts and engineers thereby avoiding costs associated with excessive training times. The SIEM solution should also include free text search, auto suggestions, and search history preferences to facilitate ease of use.