Security Market Segment LS
Tuesday, 01 October 2019 22:01

LogRhythm launches unlimited SIEM plan

By
LogRhythm CTO Chris Petersen LogRhythm CTO Chris Petersen

Security vendor LogRhythm is offering a new plan for its NextGen SIEM (security information and event management) product that offers a set price regardless of the amount of data or the number of events recorded.

The new "true unlimited data plan" for LogRhythm's NextGen SIEM allows organisations to keep up with the pace of cyberthreats, CTO Chris Petersen told iTWire.

Even though 2019 is shaping up to be a record year for data breaches, organisations using security tools with consumption-based pricing may not be able to afford to store all the security-related information they generate: "the volume of data has always been an industry challenge," he said.

And even when an organisation does understand consumption-based pricing, operational changes (eg, additional infrastructure elements) can push the total cost above an acceptable level, so it stops collecting all the available data and ends up with blind spots.

“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 percent data ingestion at a fixed and predictable cost — no tiers, no surprises, no fine print. As the industry’s largest pure-play SIEM platform, we feel a responsibility to lead the market with a truly unlimited capacity licensing model,” said CEO Mark Logan.

According to Petersen, the new plan suits medium to large enterprises that "are really trying to establish a more mature security operations centre or security operations capability," and realise that all of their infrastructure is important.

The company is investigating how a similar model could be applied to pricing for its managed security service provider partners.

The new plan does not carry a set price. Instead, customers are charged according to the number of employees. However, the price does not change during the term of the agreement, regardless of how much the organisation grows. The minimum term is three years, but longer periods can be negotiated.

APAC sales director Simon Howe said “We’re now giving Australian enterprises the opportunity to get on with running their businesses rather than having to worry about price fluctuations and capacity during the annual business cycle.

"CISOs can now enjoy the benefits of consistent pricing, total security and flexibility through an unlimited data model. This will be of particular interest to companies as they continue their digital transformation journey and with public sector departments increasingly charged with service transformation.”

NextGen SIEM is still available on consumption-based pricing.

LogRhythm customers in Australia include Australian Super, Super Retail Group, Goulburn Murray Water and several Federal Government departments.

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Stephen Withers

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Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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