Cheraw Chronicle

Complete News World

Understanding Security Analytics and its benefits

Imagine, someone is sneaking into your wallet every day, grabs your cards, and somehow knows your ATM pin. The said person steals all your money anonymously. Have you thought the ways to prevent yourself from not letting it occur in the first place?

Attacks, theft of precious items, and related situations can be prevented if we are careful and disciplined enough to take precautions, be it in a real-life situation or in terms of business where there are dealings with sensitive data that happens to be stored online in majority of businesses.

But how are these threats identified for a business? How can they take proper measures against such acts? To answer these questions, security analytics tools play a significant role, these tools help in determining such issues and future threats in advance that were ever to take place in an organization. Let us understand what security analytics is.

Defining Security Analytics:

Security analytics is a tool that has a combination of software, algorithms, and other analytical tools which are helpful in identifying any potential threat to the systems or to the data of a business.

The approach of security analytics tools is focused on cybersecurity, this involves analysis of data to present future security measures. For example, monitoring the traffic could help in finding loopholes that could compromise the company’s data and become a threat in future.

The data can be collected from various sources in an organization, such as:

  • Network traffic,
  • Cloud resources,
  • Business applications,
  • User behavior data,
  • Non-IT contextual data,
  • External threat intelligence sources, etc.
See also  On the US proposal for global taxation of multinational corporations: 'Minimum tax is disguised protectionism' - Policy

With recent advancements in technology, geo-location, IP context, threat intelligence has also become some forms of data that may be used as immediate threat identification and investigation.

Why do we need it?

Since businesses are opting to go digital, it has become a necessity to protect themselves from any threat that is to ever take place in future. Let us look at the reasons why businesses need security analytics.

Protection as well as early detection:

Hackers use a wide range of attacks to exploit the vulnerabilities present in a business’ network. Security analytics tools help in tracking the threat patterns that might be in the process of attacking for a long time without being detected. These tools send alerts whenever an anomaly is detected.

360-degree view of the enterprise:

With security analytics, structuring of data is easy, it provides us with historical as well as a real-time view of events. Thus, the security analytics tools provide updates on any security breaches or an unidentified threat that might have been detected. This gives room for better decision making and planning when such an issue is identified.

Check results and return on investments:

IT teams already have so much pressure of providing results to the senior management and stakeholders. With security analytics in the picture, the analysts can quickly identify threats and respond to security breaches with the help of fewer false positives and time-to-resolution measures.

Benefits of implementing Security Analytics

The benefits of implementing security analytics include:

Better forensics capabilities:

Security analytics provide insights about where the attack originated, how and what resources were compromised. With security analytics, analysis of the incidences can help to improve the organization’s defenses, such that the same vulnerabilities do not create problems in future.

See also  Marvel's Midnight Suns provide in-depth footage of the 'card battle system'

Maintain regulatory compliance:

Sometimes businesses have to function and comply according to the standards and regulations set by the government such as HIPAA and PCI-DSS for audit and forensics, etc. Security analytics tools provide integration with the system such that the compliance managers can closely monitor the regulated data and identify any potential non-compliance.

Security incident detection and response:

Security analytics tools analyze data that is gathered through various sources to connect dots and understand various events. Simultaneously, the tool releases an alert in real-time when a threat or any incident is identified. Security analytics tool analyzes the logged data, combines it with the gathered sources, and pinpoints any correlations between events or incidences.

Security analytics use cases

From behavior monitoring to analyzing network traffic, security analytics can be used in several ways. Some of the use cases are as follows:

  • Monitoring user behavior for suspicious activities
  • Analyzing network traffic to check for potential attacks
  • Identifying accounts that might have been compromised
  • Demonstration of compliance check during audits
  • Investigating incidents

Conclusion

Now that we have knowledge about what Security analytics is, and how it is beneficial for an organization. We must also understand that not everyone shares the same goals.

Some businesses might have different objectives, in relation to that it is necessary that while opting for a security analytics tool, an organization must ensure that the security analytics tool is in sync with what the organization’s objectives and operations are. It is also to be identified how these tools are deployed in the organization’s network architecture and identify the systems that will provide the raw data to the security analytics tools.

See also  We do not yet know about the election in the United States