Background JSC Development Bank of the Republic of Belarus is a specialized financial institution established in accordance with Decree No. 261 of the President of the Republic of Belarus dated 21 June 2011. The Council of Ministers and the National Bank of the Republic of Belarus are the Bank’s founders. The Development Bank is not a traditional credit and financial institution. Its main purpose is to develop a financing system as part of public programs and implement socially important investment projects. SIEM is Both a Need and a Requirement of the Regulatory Authorities The Development Bank decided to automate the collection, monitoring , and analysis of the information security (IS) events and incidents using the SIEM system a long time ago. “The number of IS events

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