Top 5 Best SIEM Software for 2023

Cyberattacks are always evolving, enterprises and SMB’s need an advanced approach to handle the new attack vectors and be notified whenever an abnormality is detected inside an organization network.  

Business will need a bird’s eye view on the logs and audit them periodically to find any unusual behavior and act on it. While there are proactive tools like patch management, vulnerability management and network manager, certain attacks can still sneak in and this is where IT departments will need a reactive approach to enterprise security.

In this article, we’ll see one such reactive tool called Security Information and Event Management(SIEM) Software that will alert IT professionals of unusual behaviors as they are detected in the corporate network.

What is SIEM Software?

SIEM Software is a critical part of data security environment, they collect data from multiple endpoints, analyze the data to identify unusual behavior, malware patterns or any known attack vectors.

SIEM Software brings a one single pane of glass approach  to collect these scattered data and alert IT teams when something looks fishy. However, SIEM software can be resource intensive and expensive unless you choose the right SIEM software vendor for your network.

Why SIEM Software is your first line of defense?

Though proactive tools are good to stop the attacks before they reach your network, they are not so useful once the malware or attack is already inside and you need to handle them now. This is exactly where the best SIEM tools will make a difference. It will identify the abnormalities, send alerts and notifications, analyze the threat and formulate reports for future detections, which is why it ain’t last but first line of defense.

With the alerts popping at the right time, IT teams will be able to mitigate the threats before it is too late. SIEM is a $2 billion market, unfortunately only 21.9% companies are benefited from SIEM as per 451 research survey.

How SIEM Software works?

There are two key capabilities that a SIEM tools should fulfill to ensure the best reactive cybersecurity approach,

• Robust forensics and reporting of  security incidents
• Security alerts that can be customized with details about the incident.

When IT teams have an upper-hand over the massive amount of data that circulates in their corporate network, it allows them to be reactive and strike the right cord at the right time to ensure enterprise security.

SIEM Software Process

SIEM tools Main and Additional Capabilities

Here are the main capabilities and additional features that evaluators should look into while choosing their SIEM vendors.

Top 5 SIEM Software for 2023 – Best SIEM Tools for IT teams and MSPs

Considering the capabilities of the SIEM tools, we have tested and analyzed the below list of SIEM vendors internally and positioned them as below based on our testing and community feedback.

LogRhythm SIEM Software

LogRhyth SIEM tool comes with next-gen SIEM capabilities like segmented threat detection, automation, fragmented workflows, alarm fatigue, log management, log audit, endpoint monitoring, user entity and behavior analysis(UEBA), network traffic analysis and prompt alerts.

Key features:

• Endpoint monitoring
• Threat investigaion
• UEBA

Supports Windows and Linux environments and comes with AI tech.

Pricing: $28,000 per year

Splunk SIEM Software

Splunk SIEM tool offers excellent security operations with asset investigator, statistical analysis, incident review, investigation, customizable dashboards, alerts, risk scores and automation workflows for auto-remediation of threats. Splunk is super quick to identify the malicious behavior and the reporting is extensive as well.

Key features:

• Rapid response security content
• Embedded threat intelligence
• Advanced threat detection

Splunk makes use of AI and Machine Learning, offers customizable Dashboards, and is said to be a expensive tool and will suit enterprises.

Pricing: $6000 for 500MB per day for perpetual license. The term license is $2000 per year.

Exabeam SIEM software

Exabeam SIEM tools is a next-generation SIEM tool that provides extended threat detection, investigation and response.

Provides integration of your scattered security data into one unified space, reduces false positives using anomaly detection, markets leading behavioral analytics detects threats that other tools miss, threat-centric cloud-delivered solution.

Key features:

• Log management
• Behavioral analytics
• Threat hunting

Exabeam’s automation boosts efficiency, and threat-centered content helps IT teams to take the right decision.

Pricing: $75,000 per year with tech support.

Datadog SIEM Software

Datadog SIEM tool facilitates companies to secure their tech stack through real-time threat monitoring and detection. Provides key security integrations, OOTB detection rules without a query language and collect/correlate security data to investigate malicious activity. Offers a single dashboard with devops content, security content and business metrics.

Key features:

• Out-of-the-box bench-marking rules
• Scans for security posture update
• Threat identification with in-kernel analytics
• Identify threats and misconfigurations

Pricing: Approximately more than $2000 per month.

AlienVault SIEM Software

AlientVault SIEM tool called AlientVault USM Anywhere comes with multiple security features including asset discovery, inventory management, log management, vulnerability assessment, email alerts, intrusion detection, compliance reports, SIEM event correlation,  and more. With the lightweight sensors and endpoint agents, the tool is a bliss for MSSPs to tailor their security services offerings.

Key features:

• Automated asset discovery
• Endpoint threat monitoring
• Vulnerability management
• Automate threat hunting

Pricing:  AlienVault offers three plan – Essentials $1075 per month, Standard $1695 per month, and Premium $2595 per month.

Take a look at the above listed SIEM software vendors and see which one suits your network, SIEM tools should be integral part of enterprises and SMBs to ensure they are able to handle a malicious threat and be prepared for mitigating the same.

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