Industry’s first-ever fixed cost licensing model means businesses don’t have to sacrifice security because of cost unpredictability
London, UK – 1st October, 2019 – LogRhythm, the company powering the world’s enterprise security operations centers (SOCs), announced today that it launched the first True Unlimited Data Plan for its NextGen SIEM. Historically, organisations have paid more as data ingestion increased. While others in the industry have previously claimed to support unlimited data plans, they have always come with a catch. LogRhythm is changing that in an effort to provide predictability for CISOs; therefore, combatting the risk of unprotected data.
Big data volumes are growing exponentially, and the number and severity of breaches continue to rise. CISOs are feeling the brunt of it as the cost to protect the vast amount of data in their environment might double — or even triple — year over year. To stay within budget, they must make difficult and risky decisions about which data they will choose not to monitor and protect.
“We recognise the financial burden and security risk making this tradeoff can create. LogRhythm’s new True Unlimited Data Plan solves the problem for both CISOs and CFOs by allowing them to fully protect their enterprise with 100 per cent data ingestion at a fixed and predictable cost — no tiers, no surprises, no fine print. As the industry’s largest pureplay SIEM platform, we feel a responsibility to lead the market with a truly unlimited capacity licensing model,” said Mark Logan, CEO, LogRhythm.
With 2019 set to be the “worst year ever for data breaches” with over 3.2 billion records breached so far, the risk of unprotected data is real. To be successful in protecting their organisations against cyber risk, CISOs must ensure that they have complete, holistic visibility of their environments.
“Until now, a cap on message per second (MPS) licensing has inhibited security teams, but this plan removes that limitation so that organisations are able to have a comprehensive view of security events. For me, it’s all about that richer set of relevant information that we can then analyse, correlate and use to better serve our customers and better protect their enterprises, no matter the source, form or volume of their data.” said John Swanson, Head of Security Offerings at Fujitsu Services.
LogRhythm’s new model is available to all businesses worldwide. Customers new to LogRhythm can start with an unlimited data plan immediately, and existing customers that want to migrate to the model can begin transitioning as well. LogRhythm’s perpetual licensing option will also remain.
“Organisations absolutely recognise that effective SIEM is a key component in providing understanding and insight into their cybersecurity posture. As data is now generated from a wider variety of sources from both inside and outside the enterprise, SIEM will remain a fundamental building block within enterprise security. For us, LogRhythm’s new unlimited data plan will afford us the flexibility and scalability we need to access a richer set of relevant information which will provide greater context and insight so that we can more quickly and efficiently detect and respond to security threats” continued Swanson.
This comes after LogRhythm recently announced the overwhelming success of its third user conference, RhythmWorld, where both new and long-term customers learned about the latest available product features and how best to use them. RhythmWorld presentations and materials were also uploaded to the online community to ensure that all customers could benefit from the event, even if they weren’t able to attend. Both customers and partners should expect to receive additional information on the unlimited model through that channel — as well as directly from their individual representatives — so they can decide if migration is the right option for them.
For more information on LogRhythm, please visit the website.
LogRhythm is a world leader in NextGen SIEM, empowering thousands of enterprises on six continents to successfully reduce cyber and operational risk by rapidly detecting, responding to and neutralising damaging cyberthreats. The LogRhythm NextGen SIEM Platform combines advanced security analytics; user and entity behaviour analytics (UEBA); network detection and response (NDR); and security orchestration, automation, and response (SOAR) in a single end-to-end solution. LogRhythm’s technology serves as the foundation for the world’s most modern enterprise security operations centres (SOCs), helping customers measurably secure their cloud, physical, and virtual infrastructures for IT and OT environments. Built for security professionals by security professionals, the LogRhythm NextGen SIEM Platform has won countless customer and industry accolades. For more information, visit logrhythm.com.
Jamie Waddell/William Johnson
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