Threat monitoring is an essential practice for any security program, and there are many approaches that can be taken. But coming up with the right strategy to fulfill this function can seem daunting with so many options available. It can be boiled down to the same set of requirements that drive just about any other IT function: people, process and technology.

Creative Staffing

Once you figure out the people strategy, the rest of your approach will fall into place. Who will serve as your watchers? Threat monitoring and analysis is still a people-driven function. Sure, there are technologies that automate pieces of it, and cognitive security is a huge factor. But we’ll never eliminate the need for human threat analysts to review activity on a network and determine whether sensitive assets are secure. This capability can be staffed through internal headcount, leveraging a service provider or using a hybrid model.

Staffing a security operations center (SOC) with your own security experts will give you the most control over the function and workflows. This is a challenge, however, given the skills shortage and the increasing need to run 24/7 security operations. Security leaders often need to get creative, assigning team members to roles that maximize their individual skills and better suit the organization’s complex and specific needs.

Co-Managed SIEM

A managed security services provider (MSSP) can provide 24/7 threat monitoring as well as the resources and expertise required to fulfill this function. Using an MSSP is more cost effective than building the function internally. The traditional MSSP model puts the service provider in the driver’s seat, enabling it to deliver security information and event management (SIEM) services to many customers at once through a large-scale platform.

While this can greatly benefit organizations seeking to maximize security investments, it does limit the extent to which organizations and security teams can control, customize and monitor this function.

A Hybrid Approach to Threat Monitoring

For the reasons explained above, the hybrid approach to threat monitoring is gaining a lot of popularity in the marketplace. Industry analysts have started referring to this model as co-managed SIEM. This hybrid approach allows an organization to tune and tweak its own technology universe — the SIEM — to its specific environment and characteristics.

While the 24/7 threat monitoring is staffed by a service provider, this approach enables organizations to observe and influence the process and use cases. With the emergence of cloud-based SIEM solutions and more scalable service offerings, the hybrid approach is becoming much more accessible to the market.

Any of the above approaches are perfectly viable when it comes to threat monitoring. It really depends on your budget, the expertise available to your team, and your desire for transparency and influence over the program. If you decide to adopt an MSSP, consider its ability to meet your needs today as well as its potential to grow and mature with your security program over time.

Register for the webinar: Are the Right Eyes on Your Network?

More from Intelligence & Analytics

Hive0051’s large scale malicious operations enabled by synchronized multi-channel DNS fluxing

12 min read - For the last year and a half, IBM X-Force has actively monitored the evolution of Hive0051’s malware capabilities. This Russian threat actor has accelerated its development efforts to support expanding operations since the onset of the Ukraine conflict. Recent analysis identified three key changes to capabilities: an improved multi-channel approach to DNS fluxing, obfuscated multi-stage scripts, and the use of fileless PowerShell variants of the Gamma malware. As of October 2023, IBM X-Force has also observed a significant increase in…

Email campaigns leverage updated DBatLoader to deliver RATs, stealers

11 min read - IBM X-Force has identified new capabilities in DBatLoader malware samples delivered in recent email campaigns, signaling a heightened risk of infection from commodity malware families associated with DBatLoader activity. X-Force has observed nearly two dozen email campaigns since late June leveraging the updated DBatLoader loader to deliver payloads such as Remcos, Warzone, Formbook, and AgentTesla. DBatLoader malware has been used since 2020 by cybercriminals to install commodity malware remote access Trojans (RATs) and infostealers, primarily via malicious spam (malspam). DBatLoader…

New Hive0117 phishing campaign imitates conscription summons to deliver DarkWatchman malware

8 min read - IBM X-Force uncovered a new phishing campaign likely conducted by Hive0117 delivering the fileless malware DarkWatchman, directed at individuals associated with major energy, finance, transport, and software security industries based in Russia, Kazakhstan, Latvia, and Estonia. DarkWatchman malware is capable of keylogging, collecting system information, and deploying secondary payloads. Imitating official correspondence from the Russian government in phishing emails aligns with previous Hive0117 campaigns delivering DarkWatchman malware, and shows a possible significant effort to induce a sense of urgency as…

Topic updates

Get email updates and stay ahead of the latest threats to the security landscape, thought leadership and research.
Subscribe today