Skip the navigation

Security Manager's Journal: Tracking the ROI on SIEM

A limited deployment of a security information and event management tool is paying off. Now to convince the suits.

By Mathias Thurman
May 23, 2011 06:00 AM ET

Computerworld - Our security information and event management (SIEM) tool tool has been on the job for nearly four months, and the bill has come due.

Not the literal bill; we already paid more than $200,000 for our limited deployment. But now the CIO and chief financial officer want to know what we're getting for our money. It's a great question, and I just need to formulate the right answer.

Trouble Ticket

At issue: The CIO and CFO want to know what they're getting for the $200,000 spent on SIEM.
Action plan: Show them how it has already helped safeguard IP.

Not that there's any question in my mind that we're getting our money's worth. But I'm going to need some hard facts to back that up.

Right now, I have an analyst spending about 20% of his time maintaining, tuning and analyzing our SIEM system and its data output, as well as responding to any security events it turns up. I wish he could devote more time to it, but I have an aggressive security program and limited human resources.

Nonetheless, our new infrastructure is making a difference. We can now see activity and formulate events based upon data previously unavailable to us. For example, we can positively identify PCs and servers that are infected with malware that opens back channels to command-and-control servers in places like Russia and China, and we can identify unauthorized attempts to access our critical financial and HR applications.

I'm putting together a PowerPoint presentation on vulnerability management for the CIO and CFO, with a special focus on the SIEM deployment. I want to be able to show them that the SIEM system doesn't just make us aware of security events, but that it also plays a crucial role in our "defense in depth" strategy.

That strategy arises from my sense, as a security professional, that there is no silver bullet. You need multiple technologies. So, besides collecting event data from our SIEM, we get information on security incidents from our firewalls, vulnerability scanners and antivirus software, as well as from third parties, including law enforcement. This is necessary, because no matter how much data we feed into the SIEM, there will always be things that slip through the cracks. And some of the other reports are simply more straightforward. For example, both the SIEM and the firewalls allow me to generate reports on violations of acceptable use, such as the use of unauthorized remote access software like pcAnywhere, but the firewalls' reports are more visually pleasing. With the SIEM, I would have to do a lot more fiddling to get the data into the right format.

My presentation will include some explanation of what SIEM is, to ensure that we're all on the same page. I'll then discuss the architecture and scope, the types of data being fed into the platform, and the types of events we're able to generate. I'll also explain who responds to what events.

Cut to the Chase

But the real meat will be describing, in monetary terms, how we are getting a return on our investment. This will be more difficult, since the ROI can only be measured over time. But I will show, for example, that if we didn't have the SIEM, certain events would have gone undetected, resulting in the loss of intellectual property. I won't need to explain to them the cost if our competitors were to get their hands on our source code, business plans or customer lists.

Related Reading

Join In!

For further discussion of security issues, visit Computerworld's security blog.

I can also show that proactively detecting malicious threats before they spread saves on help desk costs and reduces lost productivity (when we have to reimage an employee's PC, for instance). For raw numbers, I can highlight the events the SIEM discovered compared to all our other detection methods combined. This number alone justifies the SIEM investment and could get me the green light for the greenbacks to expand the deployment beyond monitoring just 40% of our overall traffic.

This week's journal was written by a real security manager, "Mathias Thurman," whose name and employer have been disguised for obvious reasons. Contact him at mathias_thurman@yahoo.com.

Read more about Security in Computerworld's Security Topic Center.



What is Tech Briefcase?
TechBriefcase is a new, free service where IT Professionals can Search, Store and Share IT white papers and content like this. Learn more
Bookmark content
Speed up your research efforts with content across the web.
Search and Store
Find the white papers you need. Create folders for any topic.
View Anywhere
Open your briefcase on your iPhone, tablet or desktop. Share with colleagues.
Don't have an account yet?
Additional Resources
Security KnowledgeVault
WHITE PAPER
Security is not an option. This KnowledgeVault Series offers professional advice how to be proactive in the fight against cybercrimes and multi-layered security threats; how to adopt a holistic approach to protecting and managing data; and how to hire a qualified security assessor. Make security your Number 1 priority.

Read now.

Cut Communications Costs Once and for All
WHITE PAPER
New IP-based communications systems are being deployed by small and midsized businesses at a rapid rate. Learn how these organizations are enabling faster responsiveness, creating better customer experiences, speeding office or mobile interactions, and dramatically reducing existing communications costs.

Read now.

Security White Papers
Driving Secure Enterprise File Sharing and Syncing in the Enterprise
GroupLogic's new activEcho is the industry's only secure Enterprise File Sharing and Synching solution that balances the need for simplicity for the end...
The Enterprise File Sharing Option
Enterprises and IT departments need to address several critical security issues when considering file sharing and syncing products. Many of today's solutions do...
Security Strategies to Virtualizing Internet-Facing Applications
The IT organization at Intel has set a goal to transition their enterprise to a private cloud for their Office and Enterprise applications....
Cloud Security Planning Guide
Cloud security considerations span protecting hardware and platform technologies in the data center to enabling regulatory compliance and defending cloud access through different...
Cloud Security Vendor Round Table
This vendor round table guide will help you to evaluate different cloud technology vendors and service providers based on a series of questions...
All Security White Papers
Security Webcasts
Live Webcast
Data Privacy and Protection in Production Environments: New Research from Ponemon Institute
Date: Wednesday, June 13, 2012, 1:00 PM EDT / 10:00 AM PDT

In a recent study conducted by Ponemon Institute, fifty-five percent of respondents...
Data Privacy and Protection in Production Environments: New Research from Ponemon Institute
Date: Wednesday, June 13, 2012, 1:00 PM EDT / 10:00 AM PDT

In a recent study conducted by Ponemon Institute, fifty-five percent of respondents...
Security Certifications 101 - BlackBerry and all those acronyms what do they mean and why they matter?
FIPS, Common Criteria, CAPS, AISEP, NFC, NIST, Fraunhofer SIT, CESG, DSD - these are just some of the government and industry certifications which...
BlackBerry PlayBook OS 2.0 Security Overview
The presentation provides an overview of BlackBerry PlayBook OS 2.0 security capabilities and features, including: BlackBerry® Balance™ technology, BlackBerry® Bridge, data-at-rest protection, and...
BlackBerry NFC Security Overview
The presentation on NFC security will provide an overview of the security protections built into the BlackBerry platform to protect users, application developers...
Playing Defense: Staying on Top of Your Disaster Recovery Game
When it comes to disaster recovery, rapidly growing data volumes, distributed computing models, and new technologies all combine to present an ever-changing playing...
All Security Webcasts
Newsletter Sign-Up

Receive the latest news test, reviews and trends on your favorite technology topics

Choose a newsletter
  1. View all newsletters | Privacy Policy
IT Jobs