An account failed to log on (security monitoring)

We have this monitoring program called EIQ and it logs events like these. But I'm having a hard time understanding this. Does this say our Administrator account is the problem here? All of us fail sometimes at the first attempt to log into a system as the admin but I'm not sure why all of a sudden it is logging an event like this. I would think a failed admin account would show up more often in reports.

Raw Event: 10Hostwindows08/13/2015 10:14:14uid=domaincontroller ip= hostname=domaincontroller ec=529 et=Failure Audit facility=security source=Security sev=failure npri=1 msg="Logon Failure: Reason: Unknown user name or bad password User Name: administrator Domain: WORKSTATIONID Logon Type: 3 Logon Process: NtLmSsp Authentication Package: NTLM Workstation Name: WORSTATIONID Caller User Name: - Caller Domain: - Caller Logon ID: - Caller Process ID: - Transited Services: - Source Network Address: Source Port: 0 Caller Process Name: (null)" sip= sport=0 dip= user=administrator logondomain=WORKSTATIONID logonwrkst=WORKSTATIONID process=(null) domain=workstationid auth-method=NtLmSsp shortdesc=Logon Failure. Reason: Unknown user name or bad password. authtype=NTLM logontype=Network ecat=Authentication ecatsubcat=Logon ecatresult=Failure alertrule=Rule 1 node-group=managed
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Paul MacDonaldDirector, Information SystemsCommented:
Someone is trying to login in as "administrator" from the machine at, but isn't giving the correct password.  If is an internal host, it may be compromised, a user there may be up to funny stuff, or an administrator may have sat there and mis-typed the password to access the server.

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Aland CoonsSystems EngineerCommented:
Check for services running with administrator credentials.  

When the administrator password changes the services will fail to start until the password is updated again.   Using an administrator account for running a service is insecure as you want to provide the least permissions required.   Try setting up a service account with the necessary permissions.
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