DATA VS. SECURITY BUDGETS
The digital landscape continues to grow increasingly complex. The technologies and trends that enterprises embrace as they accelerate their digital transformation — remote work, cloud computing, microservices, connected devices — all add complexity to the IT environment and, in turn, increase security risk and operational costs.
Log data provides the visibility security teams need to efficiently and cost-effectively manage risk. However, budget constraints often limit the amount of data companies can collect with a traditional log management or SIEM system. As data volumes continue to grow exponentially, security operations teams become further and further constrained in their ability to manage risk, prevent data breaches and avoid the exorbitant costs they incur.
The answer to this problem isn’t more budget; the answer lies in the log management technology itself.
MORE DATA, BUT LESS VISIBILITY
Log data is critical for understanding how systems are operating and monitoring the IT environment for malicious activity. This is particularly true for modern systems that lack an audit trail, such as multi-cloud and DevOps environments, microservices and containers. These technologies change rapidly and represent a significant increase in system components and complexity. New security tools are continually deployed to combat the threat landscape, driving huge log volumes in their own right. Web applications require logs from applications as well as the supporting infrastructure. And more companies are embracing remote working as a permanent option, which increases the number of endpoints and heightens security risk.
According to IBM Security and Ponemon Institute’s Cost of a Data Breach Report 2020, security system complexity, created by the number of enabling technologies and the lack of in-house expertise, amplified the average total cost of a data breach by an average of $291,870. Migration to the cloud was associated with higher-than-average data breach costs, increasing the average cost by an average of $267,469.