Home Technology Regulation Mandatory reporting of data breaches coming

The Australian Government has proposed that companies with a turnover of $3 million or more must notify people whose personal information may have been exposed in a serious data breach.

The draft bill  is open for submissions until 4 March 2016 but it is understood that it is generally equitable.

LogRhythm, a leader in security intelligence and analytics has joined with IPSec, one of Australia’s leading specialists in information protection to launch IPSecGuard to enable Australian organisations of all sizes to leverage the benefits of a 24/7 fully manned security operations centre (SOC) solution.

The continual rise in cyber-attack frequency - and the costs associated with resolving cyber incidents - is now a risk for organisations of all sizes. That makes early detection of, and rapid, efficient and precise responses to, intruders vital to avoid material breaches or high-impact cyber incidents. IPSec Guard delivers Security information and event management (SIEM) capabilities through 24/7 monitoring and real-time analysis of security alerts to organisations that would otherwise find such a capability beyond their reach.

“IPSec Guard’s LogRhythm-driven tailored dashboards give users a ‘single pane of glass’ view around security events, visibility into log data and powerful intelligence analytics capabilities that makes it easy for them to identify, react and respond to security events quickly - before they become significant,” Simon Howe, LogRhythm’s Director of Sales, Australia & New Zealand, said.

“While most organisations have some sort of device monitoring in place, most are not paying attention to their log data. By leveraging the power of LogRhythm, the IPSec Guard service takes the blinkers off for organisations who, until now, have had no visibility into vast amounts of data until it is too late. We are proud to partner with IPSec as it extends its SOC managed services offering to provide a virtual security infrastructure that delivers greater information security capabilities to more organisations regardless of size,” he added.


 
LogRhythm’s award-winning Security Intelligence Platform provides the IPSec Guard service with market-leading data processing and breach identification capabilities. Organisations can create custom information security dashboards and easily navigate from their dashboard, through correlated events, to detailed log analysis in real time for greater network protection.
 
Self-service dashboards are complemented by IPSec’s Melbourne-based managed SOC, giving organisations that could not otherwise afford 24/7 monitoring and response capabilities confidence knowing information security experts are watching for breaches around the clock.

If IPSec Guard detects a breach, it notifies the customer, provides a security incident response and assists with security incident management.
   
IPSec selected LogRhythm, the world’s fastest growing security intelligence company, as its partner following an extensive 18-month assessment of all major SIEM solutions providers, including all Gartner Magic Quadrant Leaders.
 
“We assessed every solution for performance, total cost of ownership (TCO) and usability and the only solution that met all our technical requirements and provided very strong value and TCO was LogRhythm,” IPSec Director of Operations, Benjamin Robson said. “The very robust TCO for LogRhythm allows us to deliver IPSec Guard to a business tier that would otherwise struggle to maintain a SIEM solution with 24/7 response capabilities.”
 
“IPSec Guard was architected to provide a compelling value proposition for organisations of any size that are concerned about the privacy of the data they hold, from large enterprises to small to medium sized businesses with a handful of seats, particularly those working with payments, finance, accounting and customer data.”

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Ray Shaw

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Ray Shaw ray@im.com.au  has a passion for IT ever since building his first computer in 1980. He is a qualified journalist, hosted a consumer IT based radio program on ABC radio for 10 years, has developed world leading software for the events industry and is smart enough to no longer own a retail computer store!

 

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