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Mitigating Risk: Analysis of Security Information and Event Management

Business Intelligence (BI) has often been described as the tools and systems that play an essential role in the strategic planning process of a corporation. The application of BI is most commonly associated with the analysis of sales and stock trends, pricing and customer behavior to inform business decision-making. There is a growing trend in utilizing the tools and processes used in the analysis of data and applying them to security event management. Security Information and Event Management (SIEM) has emerged within the last 10 years providing a centralized source to enable both real-time and deep level analysis of historical event data to drive security standards and align IT resources in a more efficient manner.