Security Information and Event Management (SIEM) solutions enable organizations to improve their threat detection and incident response processes. They do this by aggregating and analyzing event data – this makes it easier for businesses to identify anomalous or malicious behavior.
There are two main types of SIEM: cloud SIEM solutions, and on-prem SIEM solutions. While the deployment of these tools differs, they work in much the same way. A SIEM tool collects event data from a company’s systems, applications, infrastructure, and endpoints, as well as contextual information such as regular user behaviors and existing threat intelligence. The solution will then centralize and normalize that data to make it more accessible. A SIEM tool can analyze this data in real time to identify unusual behaviors that could indicate the presence of a security threat.
The strongest SIEM solutions have robust reporting features, which provide security teams with detailed forensics of security incidents that they can use to inform and improve their incident response processes. They also offer analytics-based alerting, which notifies security teams of potential threats so that they can respond more quickly and efficiently, reducing the remediation time and—consequently—the damage the threat is able to cause.
As well as detecting security risks and enabling security teams to make data-driven decisions when it comes to incident response, SIEM tools can be used to demonstrate compliance with data protection regulations such as GDPR, PCI-DSS, HIPAA, and SOX. They can also be used to keep track of data usage to help organizations manage their growth.
In this article, we’ll explore the top on-prem and cloud SIEM solutions designed to help your business identify and efficiently remediate cybersecurity threats. These solutions offer a range of capabilities, including data collection and analysis, threat detection, incident investigation, and alerting. We’ll give you some background information on the provider and the key features of each solution, as well as the type of customer that they are most suitable for.
Logmanager is a log management, SIEM, and observability platform that helps organizations streamline cybersecurity management and meet compliance standards. It enables centralized log collection, long-term storage, and log data analysis across your IT stack, allowing you to identify and resolve security incidents
Logmanager acts as a ‘lightweight’ SIEM; it’s easily deployable via a virtual or hardware SIEM appliance. Consistent data normalization ensures that log data is presented in a unified visualization pane, providing users with the information in an easily accessible way.
Logmanager Features:
Logmanager Pricing: Logmanager offers a tiered pricing model starting at $9 USD/month, billed annually, for up to 5 log sources, with unlimited number of users
Expert Insights’ Comments: Logmanager delivers simple setup, fast deployment, and easy ongoing management, with no code customization required. Its strong customer support and compliance capabilities make it ideal for small to mid-sized businesses, particularly in finance, healthcare, and government sectors where data security and regulatory compliance are crucial. We recommend Logmanager for organizations that need an easy-to-manage, efficient, and powerful security and log monitoring solution.
ManageEngine is the IT management division of Zoho Corporation and a provider of one of the broadest suites of IT management software in the industry. ManageEngine provide a range of custom-made and flexible solutions suited to companies of all sizes. ManageEngine Log360 is their unified SIEM solution capable of detecting, prioritizing, investigating, and responding to security threats with integrated DLP and CASB capabilities. This solution brings together machine learning-based anomaly detection, threat intelligence, and rule-based attack detection techniques to identify sophisticated attacks and remedy them via the incident management console.
ManageEngine Log360 Features
ManageEngine Log360 Pricing: Pricing is available on request on the ManageEngine website. Fill in a form to receive a personalized quote tailored to your requirements.
Expert Insights’ Comments: ManageEngine Log360 is a powerful SIEM solution that provides users with holistic security visibility across cloud, hybrid, and on-premises networks. This solution is easy to implement and use with excellent customer support and is a strong SIEM solution capable of providing end-to-end incident management through actional intelligence. We would recommend ManageEngine Log360 to any organization looking for a solution with intuitive advanced security analytics and monitoring capabilities.
Heimdal is a Danish cybersecurity company that delivers AI-backed solutions to over 15,000 customers worldwide. The Heimdal Threat Hunting and Action Center is a robust SIEM solution that enables security leaders, operations teams, and MSPs to detect and respond to advanced threats. It provides users with a single platform to manage alerts, data, and security responses in real-time. This platform enhances visibility across an organization’s digital landscape, allowing users to proactively hunt and neutralize potential threats with context and assisted actioning.
Heimdal Threat-hunting & Action Center Features:
Expert Insights’ Comments: The Heimdal Threat Hunting and Action Center caters to the needs of SecOps and IT professionals, security leaders, and managed security providers. This is a powerful solution for teams looking to reduce organizational risk, ensure compliance, reduce alert fatigue, and address security and skills gaps.
Exabeam is a cybersecurity provider dedicated to enhancing enterprise security stacks with actionable intelligence. Fusion SIEM (formerly SaaS Cloud) is a cloud-based solution designed to help security teams automate their threat detection and response processes, while minimizing alert fatigue and false positives for SOC teams. The platform also offers pre-packaged reporting to support PCI-DSS, HIPAA, SOX, and GDPR compliance, as well as auditing requirements.
Exabeam Fusion SIEM Features:
Pricing And Plans: Pricing for Exabeam Fusion SIEM is available via contacting their sales team. The platform is priced based on the number of users and entities monitored, and is available on a term-based license.
Expert Insights’ Comments: We recommend Exabeam Fusion SIEM as a strong solution for larger enterprises looking for powerful behavior analytics to detect and remediate insider threats. Its modular delivery also makes Fusion SIEM suitable for companies looking to deploy individual modules to augment their existing SIEM solution with specific features.
IBM Security is a trusted provider of market-leading cybersecurity technologies for a range of use cases, including IT infrastructure and management, analytics, and software development. QRadar SIEM is IBM’s SIEM solution. Available on-premises and as a cloud-hosted solution, QRadar SIEM features in-depth analytics of logs, flows, and events, and generates actionable insights to inform security teams’ threat investigation and response processes.
IBM Security QRadar SIEM Features:
Pricing And Plans: The overall cost of QRadar SIEM is dependent on the deployment model (SaaS or on-prem software) and add-ons, and is based on the number of servers, and number of users or workstations in your environment. Plans start from $1,270, and you can estimate your pricing using the tool on IBM’s website.
Expert Insights’ Comments: We recommend QRadar SIEM for mid-size to large organizations looking for a SIEM that will integrate easily with their existing infrastructure to provide a holistic, accurate view of their attack surface.
LogPoint is a European cybersecurity company that focuses on helping organizations convert their data into actionable intelligence. LogPoint SIEM is their flagship SIEM solution. The platform offers integrated User and Event Behavior Analytics (UEBA) to accurately detect anomalous activities and offer risk-based threat prioritization, as well as built-in Security Orchestration, Automation, and Response (SOAR) functionality to reduce incident response times.
LogPoint SIEM Features:
Pricing And Plans: Pricing is available on request via Logpoint’s website, and licensing is based on the number of connected devices.
Expert Insights’ Comments: LogPoint is a strong solution for any sized organization—including those with smaller security teams—looking for an easy-to-manage SIEM with lots of out-of-the-box functionality. We also recommend it to those looking for powerful SOAR capabilities to automate incident response and reduce alert fatigue. The platform’s native multi-tenant support and multi-instance deployment option also make it suitable for MSPs.
LogRhythm is a cybersecurity provider that specializes in threat intelligence, security analytics, log management and network monitoring. LogRhythm’s NextGen SIEM platform offers machine learning-based behavior analytics, network detection and response, and SOAR capabilities via a single, central platform to help organizations gain a more holistic view of their attack surface and rapidly detect and remediate security threats.
LogRhythm NextGen SIEM Platform Features:
Pricing And Plans: Pricing is available from the LogRhythm sales team upon request.
Expert Insights’ Comments: We recommend LogRhythm’s NextGen SIEM Platform to mid- to large-sized organizations looking to deploy a SIEM on-premises or in an Infrastructure-as-a-Service model, and those looking for highly flexible customization options to tailor the SIEM to their specific environment. LogRhythm has a wide channel of MSP partners, so the solution is also suitable for organizations that would like to invest in a SIEM as a managed service.
Rapid7 is a cybersecurity company that specializes in solutions to improve security through visibility, analytics, and automation. InsightIDR is Rapid7’s combined SIEM and XDR platform, delivered via the Rapid7 Insight platform alongside the vendor’s threat intelligence, orchestration and automation, vulnerability management, application, and cloud security tools, as well as their managed services. InsightIDR customers that choose to invest in any of the other Insight solutions can access all features via one platform.
Rapid7 InsightIDR Features:
Pricing And Plans: Deployed as-a-Service, InsightIDR is available via three tiered packages on a termly license, and pricing is based on the number of assets being monitored. InsightIDR Essential is available from $3.82/asset/month; InsightIDRAdvanced is available from $6.36/asset/month; InsightIDR Ultimate is available from $8.21/asset/month (based on 250k assets).
Expert Insights’ Comments: We recommend InsightIDR for small- to mid-sized organizations looking for a cloud-hosted SIEM, and particularly those with fewer security resources and may benefit from the Managed Detection and Response (MDR) and orchestration and response add-ons offered by Rapid7.
Securonix is a security analytics and operation management provider that helps organizations better understand and utilize their big data to remediate cyberthreats. Unified Defense SIEM is Securonix’s cloud-native SIEMs solution. The platform enables security teams to detect and analyze threats using machine learning-based behavioral analytics, threat chain analytics, and user risk scoring, as well as efficiently respond to threats with integrated SOAR functionality and automated response playbooks.
Securonix Unified Defense SIEM Features:
Pricing And Plans: Securonix’s solution is available to deploy on-prem or as-a-Service. Pricing is available through contact with their sales team, and Securonix offers perpetual licenses as well as term licenses.
Expert Insights’ Comments: We recommend the Securonix Unified Defense SIEM primarily to mid-size and larger organizations that have security resource they can dedicate to the deployment and ongoing management of the solution. However, smaller customers can also leverage Securonix’s SIEM if they opt to buy via an MSP that will help them manage it.
Sumo Logic is a data analytics company that focuses on collecting and analyzing machine data for security, operations, and business intelligence use cases. They offer event and log management and analytics solutions that help organizations make data-driven decisions. Cloud SIEM is Sumo Logic’s cloud-native SIEM solution designed to identify threats across on-premises, cloud, multi-cloud, and hybrid cloud sources.
Sumo Logic Cloud SIEM Features:
Pricing And Plans: Licensing for Sumo Logic’s Cloud SIEM is tiered and either subscription-based, with pricing based on data ingestion volume, or credit-based. The SIEM is available via the Enterprise Security and Enterprise Suite versions of SumoLogic’s wider platform.
Expert Insights’ Comments: Because of its flexible packing and pricing options, we recommend Sumo Logic as a strong cloud-based SIEM for organizations of all sizes looking to improve their threat detection and streamline their incident response processes.
Splunk is a software provider that provides tools to help organizations collect, monitor, search and analyze their data. Splunk Enterprise Security is their cloud SIEM designed to make it easier for security teams to investigate malicious activity across their environments, thus reducing the time it takes to respond to threats.
Features
Pricing: Licensing is subscription-based, and tiered pricing options are available based on infrastructure and data ingestion volume to align with different customer use cases.
Expert Insights’ Comments: We recommend Splunk Enterprise Security as a strong solution for mid- to large-sized organizations looking for a flexible, scalable SIEM with the option to add on UEBA and SOAR functionality. However, organizations in the Middle East, Africa, and Latin America looking for a cloud-hosted SIEM may need to check whether the Splunk Cloud supports their location and geographical requirements for data residency.
SIEM stands for “security information and event management”. These solutions enable you to collate and manage security information and events. They aggregate and analyze security and event data, making it easier for IT teams to identify anomalous behaviour that could indicate that their network has been breached.
The best SIEM solutions don’t just offer logs of event data, they also carry out comprehensive analysis of the data, alert IT teams to unusual behavior, and provide them with detailed context of any security incidents that will help them identify the root cause of the incident. This data makes it much easier to carry out accurate remediation procedures. While SIEM tools themselves don’t usually offer incident response functionality, they often offer integrations with third-party tools (such as SOAR solutions) to help the IT and security team orchestrate remediation actions efficiently, based on data they’ve received from their SIEM tool.
A SIEM solution deploys agents to aggregate log and event data from various sources across your organization’s IT environment, including networks, host systems, infrastructure, applications and endpoints, as well as third-party security tools. The agents forward this data to a central repository, where the platform normalizes it to make it easier for your security team to compare security information from different sources that may have originally been presented in different formats.
Once normalized, the SIEM tool analyzes the security data in real-time to detect anomalous behaviors that could indicate the presence of a security threat. If suspicious behaviors are detected, the SIEM solution sends security alerts to your SOC team, along with contextual information that can help the team carry out a forensic investigation of those behaviors. This knowledge can help security teams remediate threats more quickly and effectively.
As well as data aggregation, real-time monitoring and threat detection, the strongest SIEM tools provide security orchestration capabilities such as threat response workflow automation, which enable security teams to automate menial tasks so they can focus their human resource on active remediation. They sometimes also offer suggestions as to how a security team should respond to individual incidents, based on a risk assessment of each incident and a triaging process that prioritizes alerts according to their severity.
There are three main benefits to using SIEM systems: first, they enable you to proactively detect threats to your environment; second, they help make your incident response processes more efficient; and third, and make it easier to keep on top of compliance requirements. Here’s how:
Proactive Threat Detection
SIEM tools proactively collect data from across your organization’s entire infrastructure and centralize it, giving your security team a central, holistic view of all security events across your IT environment. This means that they’re much more likely to pick up on security incidents that may otherwise get lost in a sea of noise.
As well as collecting and logging event data, modern SIEM solutions use machine learning-based analytics to analyze that data for anomalous and potentially malicious activity. This helps SOC teams identify and respond to threats before they can cause damage, rather than becoming aware of them much later in the attack timeline, and only because of the disruption caused.
Finally, SIEM solutions also help organizations to prevent future threats. By combining log and event data with contextual threat intelligence, they’re able to provide a timeline of each attack, helping your security team to determine how the initial breach occurred and how the attack spread. This enables them to make informed decisions on how to improve your organization’s security infrastructure to prevent repeat incidents in the future.
Efficient Incident Response
Security incident response is one of the most commonly-cited areas of skill shortage in the cybersecurity industry—and the lack of knowledge in this space means that it often takes organizations longer that it should to identify and respond to threats, simply because they don’t have the right resource available. In fact, it takes an average of 287 days to identify and contain a data breach—that means, if your systems were breached in January, the average organization wouldn’t be able to contain that breach until October, giving the attacker a lot of time to damage and steal data.
By detecting and analyzing threats automatically, a SIEM solution can help to greatly reduce the time it takes your security team to detect and respond to an incident. The team is told what the incident is and how severe a security risk it poses, enabling them to focus their efforts on the remediation process, rather than getting bogged down sifting through data stores, searching for anomalies. Some SIEM tools also allow admins to configure the automatic remediation of certain threat types.
But that isn’t the only way that SIEM solutions help make your organization’s incident response processes more efficient; they can also reduce the amount of time your SOC team spends barking up the wrong tree. False positives account for 45% of all security alerts, and take just as long to investigate as actual attacks. By analyzing each anomaly and assigning it a risk score, SIEM tools help security teams work out which alerts are genuine threats that need to be investigated, and which are false alarms.
Compliance
In recent years, many organizations have been put under pressure by industry and regulatory bodies to meet—and prove that they are meeting—certain standards designed to ensure the protection of their data, their employees’ data and their customers’ data.
A SIEM solution can also help your organization to prove that it’s meeting industry and regulatory compliance requirements by generating reports—both scheduled and in real-time—of data logs and security events. Instead of having to collect and normalize that data manually for an audit, your security team can simply log into their SIEM tool’s central dashboard and generate the necessary reports in a matter of minutes.
While SIEM solutions have many benefits, there are also a few challenges that come with using one:
The two main groups that would benefit from adopting a SIEM solution are larger, enterprise organizations and MSPs.
As SIEMs make it easier to manage a network’s security status, and respond to incidents faster, they can be a valuable asset to enterprises. It is the size and amount of data to be processed that make SIEMs an effective solution.
MSPs can also stand to benefit from having SIEM as it aggregates and prioritizes data from multiple sources. This is extremely helpful when managing multiple networks. MSPs can also use SIEM solutions to generate reports that detail all network data and intel. These reports can also deliver reporting on their customers’ compliance for auditing purposes when ask by regulatory bodies.
All modern SIEM solutions should enable security teams to detect and investigate threats, as well as automate incident response processes. But there are other features that you should look for in a SIEM solution, depending on your use case. These include:
Many SIEM providers offer both on-premises and cloud deployment options, and it can be difficult to know which one to go with. There are a few areas to consider when making this decision:
Generally, if your business isn’t restricted by compliance and privacy requirements that require you to have certain controls over your data, we recommend that you invest in a cloud SIEM solution. But ultimately, you need to evaluate which of the above points are most important to your organization, and make your decision based on those factors.
The main challenge when it comes to using a SIEM solution is navigating false alerts and reducing alert fatigue—the action of becoming desensitized to alerts because you’re constantly overwhelmed with false positives.
To overcome this, you should look for a SIEM that gives you contextual information on each incident, enables you to configure custom log and alert rules to help reduce false positives, and assigns risk scores to each incident or offers triaging to help you prioritize your responses.
There are a lot of things to think about when implementing a SIEM security solution. Here’s our checklist of actions that will help your SIEM implementation go more smoothly and ensure you set up your solution as effectively as possible:
Caitlin Harris is Deputy Head of Content at Expert Insights. Caitlin is an experienced writer and journalist, with years of experience producing award-winning technical training materials and journalistic content. Caitlin holds a First Class BA in English Literature and German, and provides our content team with strategic editorial guidance as well as carrying out detailed research to create articles that are accurate, engaging and relevant. Caitlin co-hosts the Expert Insights Podcast, where she interviews world-leading B2B tech experts.
Laura Iannini is an Information Security Engineer. She holds a Bachelor’s degree in Cybersecurity from the University of West Florida. Laura has experience with a variety of cybersecurity platforms and leads technical reviews of leading solutions. She conducts thorough product tests to ensure that Expert Insights’ reviews are definitive and insightful.