Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The financial services industry has been a threat actor target since before digital transformation was even a term. Further, the financial services organizations find themselves continuously under scrutiny. As members of a highly regulated industry, these companies need to comply with various laws to ensure that they effectively protect sensitive data.

Many organizations today develop, build and deploy cloud native applications that utilize infrastructure and services offered by cloud computing providers like AWS, Azure or Google Cloud Platform (GCP). This trend highlights a critical consideration for organizations — how to secure applications, infrastructures and data in cloud-native systems.

Governments, businesses, and society depend on reliable, functioning information and communication technology. However, increased severity of ransomware attacks and vulnerabilities in computer chips undermine these infrastructures. Further, as people adopt Internet of Things (IoT) devices, their inherent lack of security and ability to be aggregated into large, malicious bot networks increases these risks.

A good log management solution powers observability for security, engineering, IT and compliance teams. But with so many options available, how do you choose the right one? When evaluating potential log management solutions, start by asking these 10 questions to find the right balance of security, performance and value based on your requirements — and to reveal any limitations that could potentially hold you back.

Event logs can help you spot and troubleshoot security events so you can protect your systems and data. However, log records can be hard to read, and logs so noisy that you often have to sift through pages of events to identify critical events and potential threats. Read on to learn more about audit logs, log analysis and log auditing software.

Many organizations today have strict data privacy regulations that they must comply with. These privacy regulations can often clash with the requirements of security, application and operations teams who need detailed log information. At Graylog, many of the organizations who use our tool are logging sensitive data that may contain personally identifiable information, health related data or financial data.

According to the 2022 IBM Cost of a Data Breach Report, the global average cost of a data breach is $4.35 million. Data breaches in the US are even more costly, averaging over $9 million. However, it isn’t just the big players caught in the line of fire. IBM’s report also found that 83% of companies will experience a data breach soon, meaning financial institutions of all sizes — from local credit unions to Fortune 500s — are at risk.

SIEMs have come a long way since they first debuted in the security operations center (SOC) well over a decade and a half ago. Today, next-gen SIEMs are far more advanced than early systems, which merely gathered and logged data from different sources. Now, SIEM software can deliver comprehensive insight into network security and data protection by looking for anomalous activity that could indicate compliance, performance and security issues.