Securonix and the Public Sector Network recently collaborated to deliver the Cyber Security & Risk Management ANZ Q2 National Insights on 19 May 2022, Online, AEST.
After the event, we were grateful to have had the opportunity to interview Securonix in an intimate conversation on their perspectives with technology trends and barriers faced in their community.
What overall trends are you seeing in terms of technology in your industry?
Consolidation continues to be a positive trend in the User and Entity Behaviour Analytics (UEBA) and Security Information and Event Management (SIEM) industry. SIEM and UEBA were, until relatively recently, separate technology areas, with many technology vendors active in one of those areas, but few active in both. Additionally, Security Orchestration, Automation and Response (SOAR) technology was separate and had its own set of active vendors. These technologies really belong in a single platform, in order to increase the efficiency of the component parts and system as a whole, and to reduce the cost and complexity of those technologies for customers and Managed Security Service Providers (MSSPs).
This consolidation trend is typical in a maturing industry and we have seen it occur in technologies such as next-generation firewalls, which combine a large number of previously-separate functions, bringing significant benefits to customers and MSSPs.
What is the next big thing in terms of technology and where do you see it in the next 2 to 5 years?
The consolidation trend will continue, with further functions being integrated into central visibility and response systems. Expect to see deeper end-point integration and some SIEM companies moving to build or acquire end-point technologies, as well as end-point companies doing the reverse. Threat intelligence will also play a part in this consolidation.
Aside from the pandemic, what have been some of the technology challenges or barriers experienced in the last 12 months?
The UEBA/SIEM industry has struggled to deliver value at a price point that is acceptable to the market. For SIEM and UEBA to function, large quantities of data need to be transmitted to a central platform, where large quantities of compute and storage need to be allocated. Technology and process cost optimisation will be a critical success factor for companies in this industry.
What has been your best performing technology in the last 12 months and why?
Our core technology is our Software as a Service-based, Next-Gen SIEM, which incorporates UEBA, and to which we have recently added our own SOAR platform. The pandemic caused a massive shift to remote-working, requiring organisations to rapidly implement SaaS technologies where previously they may have used on-prem products. This impacted all aspects of the IT industry. Additionally, growing awareness of the value and importance of UEBA in transforming SIEM from a reactive to a proactive platform, has fuelled demand for Securonix’s products.