SIEM (Security Information and Event Management): SIEM systems are essential for aggregating and analyzing log data from various sources across an organization. They provide centralized visibility into security events, facilitate real-time threat detection, and generate comprehensive reports that are crucial for compliance auditing. This makes SIEM particularly valuable for financial institutions that must adhere to stringent regulatory requirements and demonstrate ongoing threat monitoring and incident management.
A) EDR: While Endpoint Detection and Response is important for monitoring and protecting individual endpoints, it doesn't offer the centralized log aggregation and reporting capabilities necessary for comprehensive compliance documentation.
C) SOAR: Security Orchestration, Automation, and Response focuses on automating incident response workflows, which is beneficial for efficiency but doesn't directly address the need for extensive logging and compliance reporting.
B) IDS: Intrusion Detection Systems monitor network traffic for suspicious activities but lack the broad log aggregation and reporting features required for comprehensive compliance and systematic threat monitoring.
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