- The rising expenses associated with Cyber Breaches.
The alarm bells should be ringing due to the consistently high expenses associated with managing Cyber breaches. To illustrate, the average cost for US companies to address Cyber breaches has skyrocketed to $9.44 million. Consequently, this drives up the premiums for Cyber insurance and the expenses of hiring the limited pool of Cybersecurity experts. If you observe a similar pattern, it may indicate that your SIEM strategy is not effective. By utilizing AI-powered XDR platforms, these costs can be reduced by swiftly identifying Threats and minimizing the consequences of breaches.
- Your Defences Vulnerable to Advanced Breaches
If your defences are failing to detect sophisticated Threats, it means that your SIEM strategy is ineffective. Take the Défense Industrial Base (DIB) sector organization as an example, where their network was compromised by multiple advanced persistent Threats (APTs). By implementing an XDR platform with AI capabilities, you can detect and address these advanced Threats at an early stage, thereby improving your overall security posture.
- The rise in insider Threats is a worrisome trend
Organizations face a considerable risk from insider Threats, with negligence being the primary cause rather than malicious intent. The Dallas Police Department serves as a notable case, where they lost a staggering 8.7 million files due to an accidental insider threat. To effectively address these Threats, considering an AI-powered XDR platform can offer advanced detection capabilities that may be lacking in your current SIEM strategy.
- Continuous non-compliance issues
If you find it challenging to stay updated with constantly changing regulations, it’s possible that your SIEM strategy is to blame. Amazon’s hefty $850 million penalty for non-compliance serves as a clear illustration of the repercussions. By utilizing AI capabilities, an XDR platform can provide excellent compliance management, enabling you to effectively navigate evolving regulations.
- Lacking oversight of IoT and OT security measures
The monitoring of IoT and operational technology (OT) is of utmost importance as they continue to gain popularity. The recent incident at the water treatment plant in Oldsmar, Florida serves as a reminder of the potential risks involved. By utilizing AI-powered XDR platforms, you can enhance your monitoring capabilities and effectively safeguard these technologies.
If your organization is experiencing any of these warning signs, it may be time to consider transitioning from a traditional SIEM strategy to an AI-powered XDR platform. Unlike traditional methods, XDR not only identifies problems but also proactively prevents Threats from becoming breaches by utilizing AI to make informed predictions. By combining the expertise of analysts with AI-enhanced insights, every member of your organization can understand their crucial role in maintaining security. It goes beyond mere compliance with regulations and sets new standards in all aspects of security. Most importantly, AI-powered XDR platforms can future-proof your cybersecurity strategy, ensuring that you stay ahead of Cyber Threats.
