Let’s get real. SIEMs weren’t designed for middle market consumers. While a traditional SIEM solution can look appealing, successful execution requires experiences, full-time human resources to weed out multitudes of false positives. On top of hiring a team of trained experts with a historically high turnover rate, the technology investment requires constant maintenance, updating, upgrading, and training your talent to stay on top of the latest threats is expensive and time consuming.
Budgets are in place for a reason: to establish a reasonable threshold for expenses. The trouble with cyber security budgeting and forecasting is the lack of reliable historical data.
Despite the rising costs of cyber security technology, security programs are routinely under-funded, which often means they are also understaffed. This leaves many CISOs and other IT Leadership without adequate security resources. They have to do more with less. To make matters worse, security professionals have struggled to communicate the need for budget increases to the C-suite unless—or rather, until—there is a problem. When things look good, many companies find it hard to justify keeping security positions, and when things are bad, jobs are on the line. Unfortunately, the cost of a crisis far exceeds what could have been spent to prevent it.