The Hidden Costs of a SIEM: The Need for a New Approach
Security Information and Event Management (SIEM) systems are vital in cybersecurity, but managing and storing their vast security data can be costly. This post examines SIEM's hidden costs, including data volume growth, infrastructure, licensing fees, and operational expenses for data processing and analysis. It also covers compliance costs like data retention, privacy compliance, and audit readiness. To reduce expenses, the post suggests solutions like data volume reduction, optimized storage, and automation. By addressing SIEM's financial and operational challenges, organizations can maintain cybersecurity while managing costs and ensuring compliance.