Owing to the soaring trends and changes in policies, businesses are adopting security solutions that guarantee a proactive degree of cybersecurity. Rising concerns over information security have resulted in a corresponding rise in the number of compliance mandates across different industries. So, businesses are required to meet numerous regulatory requirements and conform to several compliance mandates. Thus considering different regulatory requirements, businesses are embracing security solutions like Security Information and Event Management (SIEM) to meet and adhere to state and industry-specific standards. This review explains in detail how SIEM solutions help organizations meet compliance and regulatory requirements.