With the number of breaches across industries on the constant rise, organizations are finally recognizing the importance of adequate IT security and are assessing their current defense strategy.
These types of security incidents not only jeopardize reputation but are also costly. The average cost of a data breach is close to $4 million or even higher in sensitive industries such as healthcare or finance (Source: Ponemon Institute’s 2018 Cost Of Data Breach Global Analysis). On top of the costs associated with the data breach, organizations often also have to face different legal fees and the cost related to restoring the company’s reputation.
At the same time, regulatory compliance modules are growing more and more complex and demanding when it comes to breach detection, reporting, and audit. It is also important to keep in mind that complying with regulations such as the GDPR or PCI DSS is equally required from large, medium-sized, and small businesses just as from governmental, financial and public institutions. In other words, if you are reading this, the chances are good that you are also currently re-evaluating your procedures. Let us help you.
For a long time, SIEM has been – and remains – an invaluable tool for compliance auditing and reporting, especially when there are disputes involving digitally stored data and potential fraud. LogPoint’s SIEM solution provides compliance for all major regulatory domains such as PCI DSS, SOX, HIPAA, GDPR, and many more. Furthermore, LogPoint’s SIEM solution also supports Forensic analysis and investigation, making it effortless to present compliance evidence and determine the root cause of the breaches, improving the overall security posture.