Twilio Monitor Events provides a comprehensive event log that serves as a holistic dashboard for all changes made to a Twilio account, offering full visibility into user permissions updates, message logs deletions, and new payment methods creations. This tool allows users to customize the monitoring of their Twilio usage by selecting specific event types and change types to be logged, enabling them to adhere to industry standards and data retention policies. By utilizing Monitor's features such as filtering and forensic analysis, users can track changes and maintain visibility over their Twilio account, reducing the risk of errors and ensuring compliance with regulatory requirements.