Were you one of the 90,000 Canadians whose data was stolen when two Canadian banks were recently hacked?
Even if you weren’t, you can probably imagine the distress it caused – not just to the victims, but also to those at the banks responsible for safeguarding customer data and enterprise systems. Yes, the banks acted swiftly to launch investigations and enhance online security measures, but what could have been done to prevent the hack from happening in the first place?
Managing risk without breaking the bank
While there is no one simple solution to eliminate risk, Managed Security Information and Event Management (Managed SIEM) can go a long way to help any type of organization boost enterprise security and data protection – while still ensuring data is available and accessible to authorized users.
What exactly is SIEM? Simply put, it’s a combination of security information management (SIM) and security event management (SEM) products and services.
The greatest value is realized when SIEM is managed by an organization with deep expertise in the IT security space.
1. Reduce the complexity and costs of hiring, retaining and training your own resources
2. Make the most of your IT infrastructure investment and strengthen security posture
3. Improve enterprise security with always on protection from specialized threat intelligence analysts and the latest technologies
4. Choose the support model that best fits your business’s requirements
5. Gain control of costs with a predictable monthly spend
6. Achieve regulatory compliance with expertly prepared reports
Here’s another reason to beef up enterprise security and data protection
Strict new Breach of Security Safeguards Regulations came into force on November 1, 2018. These security breach notification requirements are a part of The Personal Information Protection and Electronic Documents Act (PIPEDA) and are intended to harmonize with the requirements under the European Union’s General Data Protection Regulation (GDPR), which came into effect in May 2018.
This IBM Managed SIEM data sheet provides more valuable information, and Osler’s blog offers additional insights on the impending Breach of Security Safeguards Regulations under PIPEDA.
Interested in learning more about Managed SIEM and how to improve your organization’s enterprise security? Give us a call or drop us a line to start a conversation.